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Last edited by Uncle Ron; 08-11-2012 at 06:36 AM.
One more you may find interesting. This is Tesla stock overlayed with gasoline future prices. Because the company is pre-earnings, traders like to have a reason for it to go up or down on a given day. Historically that reason has been gasoline prices. I believe as the story continues to play out the correlation to gasoline will minimize (or reset). Just food for thought.
Outside of the 1/2012-5/2012 period, I don't see much correlation.Originally Posted by Ilanzo
You can make charts say a lots of things, imagination has no limits. Technical analysis has it's limit.
On a volatile stock like TSLA and with all the manipulation going on, it will burn you one day or the other. We saw that yesterday and this morning. Lots of day traders wannabe got burn pretty badly.
When we are winning, we thing we are geniuses, then the humbling moment...
The best plan is to still look at technicals and fundamentals but to hold. The company is succeeding, every clues point in that direction. It is also much less stressful.
Wait. Whaaat??? ... you were *cough humbled cough cough*??
Be right back. Need to make sure the rest of my world hasn't gone crazy on me.
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Oh, and I don't know. You probably didn't get burned if you were a technical trader that sold around 35.80 because we were at the top of the range and the bought at the 200-day because you knew that's where the support was. And if you believed in the technicals enough to short it on the way down too...
Make no mistake, a lot if money was made these past two days.
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Yes, lots of money was made in the last two days but an equivalent amount of money was lost, don't forget that.
What if, after you sold, the stock jumped to $45 and hold? That would have been a terrible trade would it? It could of happend, all technicals were there. But then, came the external factor, in this case, the manipulation.
Bonnie, I've had a lot of humbling moments in my life, I still do mistakes, but it's because I try things. But rarely do the same mistake twice (but it did happen)
The one thing I learned is to doubt everything and everyone, make sure to constantly requestion my beliefs. But when I'm sure of something, usually I'm a bit vocal about it
I made 30 dollarsHow did your trade go?
My guess is they used this: Get Amped Tour: News from the Road | Blog | Tesla Motors
Lots of shorts are using it to say they still have problems and they won't make it. BS. That's all it is.
Good for youI made 30 dollars
Edit: but you also lost about $2/share at this time....
Yes, and I "lost" over 10k by not selling all my shares two days ago when price was 36.Good for you
Edit: but you also lost about $2/share at this time....
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