2017 Investor Roundtable: TSLA Market Action

[elasalle]

Sell some calls when we get to the 380s? I am kicking myself for not doing that last go around...

This is a good strategy if one ones to steal some bases, and doesn't want to keep hitting home runs all the time.
Did it last time and plan to do it again. (But just with like with 15%-20% of available )

 

[racer26]

Yeah a close near 360 might be preferable. That way tomorrow or the next day it breaks out with authority. But I won't complain if it keeps legging up today.

I mean, the chart today right now is a pretty classic bull flag formation...

 

[AlMc]

I just wouldn't be comfortable doing that with this beast. That could cause a very serious headache if the stock decided it was time to leave the launch pad. I'm just going to reduce leverage if we get that high quickly. If it keeps going up, I'll be mildly frustrated at having less leverage but I'll still be making plenty of $$$$.

You are sounding more like s conservative bull.

Welcome to the club

 

[ZenMan]

I mean, the chart today right now is a pretty classic bull flag formation...

Our bull flag just broke.

 

[racer26]

Our bull flag just broke.

I'm not so sure - it broke back below 360, but could be a false break.

 

[bdy0627]

Our bull flag just broke.

Very healthy in my opinion for it to back off a little here.

 

[geneclean55]

Back-test of 360. Pretty normal and healthy.

 

[Papafox]

Your attention please. The 360 Express Train is now leaving the station. All aboard!

I do have to be careful with humor on this forum. Technical traders have realized that 360 is an important number and some have defined it as a price at which to buy. Shorts recognize the importance of 360 too, and sure enough they appeared to be capping and slowly marching the price down once it broke much above 360. I don't know who will win today's battle for 360, because there's always a chance of an afternoon rally. If TSLA can regain 360 before the close, it will be a strong buy signal to certain technical traders. My statement was more a heads up to members that TSLA had run above 360. The "all aboard" portion was humor.

 

[Gerardf]

Lets not forget 360 = 100% above Spiegel bottom

(Mark B.S. might actually make it into investment textbooks with that one).

 

[Reciprocity]

Things said on twitter:

Fed Zeppelin @jweztrader

Half my $TSLA short is gone but eyeing to build it back...

10:56 AM - Oct 18, 2017

Now this is my kind of short. He just wont give up that easily. Keep up the good fight Fed Zeppelin!

 

[DaveT]

Excellent article,
Inside Tesla's Secret Second Floor | Backchannel

 

[zdriver]

Accumulators support the rise today.

Dark pool liquidity. "It peaked for the day, short it!.... oh shiii... COVER!"

Lastly, market pressure. Some of you think this one is senseless magic, but meh, works for me thus far and kept me in my Friday calls through the touch back to 360.

 

[Krugerrand]

I do have to be careful with humor on this forum. Technical traders have realized that 360 is an important number and some have defined it as a price at which to buy. Shorts recognize the importance of 360 too, and sure enough they appeared to be capping and slowly marching the price down once it broke much above 360. I don't know who will win today's battle for 360, because there's always a chance of an afternoon rally. If TSLA can regain 360 before the close, it will be a strong buy signal to certain technical traders. My statement was more a heads up to members that TSLA had run above 360. The "all aboard" portion was humor.

That’s all mumbo jumbo right there. Everybody knows 360 is important because, duh!, the 6.

 

[racer26]

Tesla Model S fire vs 35 firefighters – watch impressive operation after a high-speed crash

 

[Dennisj00]

Can you imagine getting a gas car approved today if it was a new technology?

 

[Curt Renz]

Can you imagine getting a gas car approved today if it was a new technology?

Indeed, that would seem insurmountable. And someday it may be impossible to get a human driven car approved. An autonomous feature almost certainly would have prevented that Austrian accident.

 

[jimmyjohn]

Useful tip: When CNN refuses to display (via its lower-right refresh box) the three major trading averages, you know the markets are doing well.

Example ---- see today.

 

[Curt Renz]

Useful tip: When CNN refuses to display (via its lower-right refresh box) the three major trading averages, you know the markets are doing well.

Example ---- see today.

"If it bleeds, it leads." Otherwise it is pushed back or ignored.

 

[racer26]

Oh hello there 360 pin.

 

[austinEV]

Nasdaq is taking us down. Not TSLA related. 360 finish isn't a bad thing. Might even consolidate for a few days. compress that spring a little more. But, I expect we break out tomorrow.