|
Looks like the dragon is now due to fly early tomorrow morning. I think that the scrubbed launch, along with the less than stellar facebook IPO, may create a buying opportunity today. I wonder if my $25 "it cant possible go this low" limit order will trip.
You too, huh? That's where my order is set for also.Originally Posted by Rifleman
Glad I sold a some other up positions and put in a trailing stop on TSLA on Friday. It executed this morning and I'm already up a dollar per share.
Good move! I'm starting to feel my $25 limit order is too optimistic.
I'm thinking that TSLA was down because of lots of profit taking for the FB IPO, but now that's flopped, everyone is jumping back into TSLA.
OMG califlower...would you look at that, TSLA, a volatile stock is moving up over 5% on no news! Gee willikers, how could that possibly be? You mean stocks can move without news?!!
Obviously being sarcastic there, but the point is. This stock is a battleground. Lots of shorts...lots of people betting it'll pop as well. Some days investors are risk-on. Some days they're risk off. Such is the nature of the beast. The stock moves...it moves a lot. Get used to it. You don't need news to move a stock. You just need people willing to buy (or sell) a stock at the current price. Obviously good news increases the amount of people wanting to buy. Bad news has the opposite effect. But it's far from the only reason.
And, there's the mantra about investing for the long term. Here's an example using Cali's other favorite stock - AAPL: it was roughly $110 back in late March 2009; if one had invested $40,000 into AAPL back then (ahem.... the deposit that the early Signature reservation holders put in earlier that week), it'd be worth almost exactly 5 times that today - $200K; enough to buy two loaded Model Ss outright!
VIN P 3552 - 60 kWh with Supercharging, Green, Black Roof, Black Leather, Piano Black trim, Tech Package, Active Air Suspension, 19" Wheels.
Reserved February 2010 (US P 1,620). Delivered January 2013.
It was always my opinion that TSLA would be a great long term investment, but before the Model S launches there would be some violent swings. So I've been buying low, selling high, riding the swings. I think that this is the last major dip before the price starts to climb with the successful S launch, so now I'm in it for the long term.
The failed SpaceX flight clearly encourage people to buy Tesla.
I would say the delayed spacex flight (failed would imply that it blew up, or crashed into the space station, or any of the other terrible things that could go wrong)The failed SpaceX flight clearly encourage people to buy Tesla.
Either way, I am happy it is on the way back up, even if my overly optimistic limit order never triggered (I am happy with my holdings regardless
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
