Social Chat - Short Term TSLA Movements

[Johan]

Meh, I am a buyer of TSLA on this weakness. Don't believe in the pennant. Bought some weekly call options again.

When you (and others) say "weekly" does that imply this week or any weekly such as MarWk3 or MarWk4??? In related news: I have some MarWk4 calls that are in the red but holding on for now.

 

[Mario Kadastik]

Well so far I bought too. Averaged down my March 21st $270, will see how it does. Also bought this weeks $250 for $2.25 that is now in the green slightly already. We'll see. If it holds this level and goes up again, then I can still gain some, but those $270's are bleeding from all orificies

 

[InTheShadows]

Shoot, my weekly didn't get filled. My leap did though.

 

[Mario Kadastik]

Anyone got a clue what has caused this slump? The overall market is only down 0.3% so getting a -3% on TSLA today as well as CSIQ is a bit of a reaction that looks like news, but with no news...

 

[FluxCap]

I can't find relevant news, but I don't mind the buying opportunity. I'll see what I can dig up.

 

[glhs272]

Bought 6 shares of TSLA @$238.30

 

[Johan]

Bought 6 shares of TSLA @$238.30

Great, you now own 4,8705252049679357090672944232486e-6 % of Tesla Motors Inc.

 

[justthateasy]

Uhm, not feeling too happy about this mornings drop. For CSIQ it's a nice buying opportunity, but for TSLA I guess I shouldn't have bought as many March $270's, looks like the pennant might be broken to the wrong side :/ Anyone got an update on the chart, where's the support line that we better not break?

According to my chart, 230 trend line is the next major support level. But it's feeling like this level (236-238) might be where it's at. We'll see if we head lower tomorrow. But with this drop, TSLA is quickly becoming oversold so I'm actually fine with a little consolidation. Though, I wish I was in front of my computer when TSLA was in the 260s and gotten out then because today is a buying opportunity.

 

[glhs272]

yep.

 

[sleepyhead]

When I say weekly, I am talking about this week.

When other people say that they bought weeklies without specifying expiration, and it turns out that they bought the April 25, then they are being extremely misleading.

 

[Johan]

When I say weekly, I am talking about this week.

When other people say that they bought weeklies without specifying expiration, and it turns out that they bought the April 25, then they are being extremely misleading.

Then we are in agreement as to the correct use of the term. Good luck!

 

[FluxCap]

Anyone got a clue what has caused this slump? The overall market is only down 0.3% so getting a -3% on TSLA today as well as CSIQ is a bit of a reaction that looks like news, but with no news...

All I can see is general unease about Ukraine. No significant economic data released today, no analyst changes that I can tell (definitely nothing from Adam Jonas).

Can anyone find anything TSLA-specific that was released over the weekend / this morning? Almost every material news article I can find was released before the close on Friday.

 

[aznt1217]

Relatively low volume compared to the past few weeks. The overall market is being dragged down as well. It's going to be magnified with momentum stocks. I wouldn't read too much into it. It's near impossible to time the market. Like the other thread says, I think $280 is in the cards by end of March so I'll be holding on for a bit and liquidate some to pay taxes.

 

[sleepyhead]

Market makers might be unloading their TSLA positions as well. Eventually they will stop supporting the stock when the note offering is completed. It could put downward pressure on the stock.

 

[InTheShadows]

When I say weekly, I am talking about this week.

When other people say that they bought weeklies without specifying expiration, and it turns out that they bought the April 25, then they are being extremely misleading.

I agree, if I say weekly it is this week.

 

[sleepyhead]

But most likely it is simply a risk-off trade today.

 

[aznt1217]

But most likely it is simply a risk-off trade today.

So in your opinion, you think we're still headed upwards? I'm trying to figure out how to make a few extra bucks before paying my cap gains for last year =D

 

[warfo09]

All I can see is general unease about Ukraine. No significant economic data released today, no analyst changes that I can tell (definitely nothing from Adam Jonas).

Can anyone find anything TSLA-specific that was released over the weekend / this morning? Almost every material news article I can find was released before the close on Friday.

Everything is red today as China exports slumped by shocking 18%.

 

[Robert.Boston]

Yuck. Looks like it flat broke the wrong way. $225 20 day MA looks like the next technical support to me... Or just 238 because it bounced there a few days ago.

Good call; $238 seems to be where we've settled this morning. Would be nice if it stayed here....

 

[Norse]

All I can see is general unease about Ukraine. No significant economic data released today, no analyst changes that I can tell (definitely nothing from Adam Jonas).

Can anyone find anything TSLA-specific that was released over the weekend / this morning? Almost every material news article I can find was released before the close on Friday.

I am pretty sure it has got more to do with China export numbers. The price of oil went down as well due to this.