dirtyofries
Member
What, you don't like websites from 1995? I wonder how they evaluate Lycos?
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I wish I were.
I wish I were.
The way you put it, I feel guiltily of adding at this level.I see today's FUD from Standpoint Research as harvesting the low-hanging fruit. Undoubtedly, the shorts realized that a bunch of new TSLA investors came onboard during the recent climb, many likely to be new Tesla Model 3 reservation holders. Standpoint's FUD message on CNBC was certainly the catalyst for the drop to 250ish, if you look at the timing. New TSLA investors haven't been through this type of FUD attack before, and many likely had fairly tight stop-loss limits set on stock. The net result is a quick drop in SP.
The bigger picture is that Tesla may seriously be looking at raising some capital to speed up the Model 3 launch, but I imagine Tesla wants a stock price above $260 before the capital raise. Thus, many auto companies and even the oil sector has something to lose from a successful Tesla capital raise, and hence a TSLA SP of $260 or above.
As for the availability of short shares, although Fidelity doesn't have any, I just checked with Etrade and they say they have "lots" of TSLA shares available to short, with an interest rate a bit less than 7%. So much for my theory that the shorts are temporarily out of business.
My wild guess Is max pain forces are holding it at $250 for today. Absence of news, it might drop on monday. $240 was a strong resistance, which would become a strong support, not so for $250. We saw it broke through $255 which was a strong support, until the guy appearance on cnbc.Does anyone think we'll test a new low on Monday? May have to cut my losses
If you think it will go sideways for a period of time, you can wait a bit to get in the calls so you don't suffer any time decay. I would put a 20% lower bid limit to take advantage of gap down or sudden dips.Have a bit of dry powder left to take advantage of this dip so I used some of my lotto winnings and got 2017 calls. Looks like the sideways trend will continue and would hold out until the next ride.
Anyone care to comment on this strategy?
What did Elon just do...
Is he really getting rid of supercharging for the base and making it a pay-to-use feature? If so, yikes.
I think this is the reason why stock is down > 2% in past hour or so.
What are you referring to... is there some new update on Supercharging the Model 3? Or are you simply discussing the fact that it's going to be an option on the car? (Which ought not to be news... it was an option on the base Model S for a long time.) Clue us all in, thanks...
I don't know of anything else except the CNBC hatchet job that caused the stock to fall seven bucks in short order (right at the time that CNBC thing was playing)... it appears to have found stability around $251 though.
IMO this is the highly preferred model. If I do not want to ever use supercharger, say it's a commuter car, why should I be forced to pay for it?
This is how you get the base price is as low as it can go.
Thanks. Would it count if it was 20% less from today's high? Because it just dipped further down. Oh well, am really counting on the next catalysts to spark this now moistened gunpowder.If you think it will go sideways for a period of time, you can wait a bit to get in the calls so you don't suffer any time decay. I would put a 20% lower bid limit to take advantage of gap down or sudden dips.
It's really hard to say at what price one should put the limit buy/sell. Really depends on your risk/greed. Option prices liquidity is not good. So in the case of gap down, you might get nice discounts and leave you more safe zones. On the other side, you may miss the chance.Thanks. Would it count if it was 20% less from today's high? Because it just dipped further down. Oh well, am really counting on the next catalysts to spark this now moistened gunpowder.
Oh god. I have no clue what to do.
Sounds like you may want to play a lot less short term risky trades until you have more experience especially on emotion level. Some folks lost their shirt by emotional trading.Oh god. I have no clue what to do.
Totally forgot about this, thanks for the reminder. Successful landing which has a good chance, might help on monday open.SpaceX will launch a Falcon 9 rocket in about an hour and forty-five minutes, and the first stage will attempt a landing on the barge in the Atlantic. This attempt will have more fuel remaining for the landing, and so its chance of success will be higher than recent drone ship landing attempts. If SpaceX nails the landing, Elon will have a halo effect for a while and we could see a positive short-term effect on Tesla on Monday, particularly if he tweets any positive TSLA info. Watch the after-hours trading of TSLA to see if there's a bump up in the case of a successful landing.