Shortsville times running out of FUD. Now resorting to creative abbreviations. From Apple stock newsfeed:
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Shortsville times running out of FUD. Now resorting to creative abbreviations. From Apple stock newsfeed:
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They had their best shot as Nasdaq went down 50 points. Unless Nasdaq dives again, it would be just the gradual fade.Too impatient, MMDs rarely end this soon
I'll consider it a failure unless it at least breaks yesterday's close. I mean, that's a proper MMD, right? Just losing the overnight gains is really de minimis.
Mandatory Morning Dip.Can someone summarize the MMD thing for me or link me to something?
Can someone summarize the MMD thing for me or link me to something?
It's a Tesla Forum thing and refers to "mandatory morning dip" trading pattern applicable to the TSLA stock. Usually induced by market makers.Can someone summarize the MMD thing for me or link me to something?
We can fairly assume that many of the small fish shorts are in a similar situation as that poor fellow.
We have seen time where the FUD was that thick that even we here at the forum needed time to distinguish truth and accurate from lies and made up. For that this Forum has been and is just worth "Gold" and I mean that literally.
Many investors though have been trapped in a echo chamber about Tesla been doomed one way or another and after a while people get pulled into a situation where its not any more about the money alone but about yourself and your reputation within your friends, family, colleagues and loved ones. There is a point of no return where it does not matter if facts show that Tesla will do well because its very hard for people to acknowledge to themselves they have been wrong all the way and now change source. You need self confidence and some boldness to do that.
I expect there is a large group of shorts, bears any naysayers out there who are emotionally not able to make that confession to themselves and the world as it means to lose face and in their view respect from everybody. Those are the ones who will lose most.
Its sad that this happens to them but as an investor you should never fall in love with a stock and always remain open for the possibility regardless how small you call it that your assumptions and predictions are wrong.
Its an exhausting exercise to repeat that but a hard requirement for success. Thats why I call investing really hard work.
Tesla's stock has this weird thing where it almost inevitably immediately gives up its overnight gains, and usually well below the previous day's close, early in the morning, before popping back up and then behaving normally.
Normally such behavior in a market is eliminated based on people choosing to profit of predictable behavior, and maybe it will be in time. But as for now, it's humorously consistent. A lot of people here credit it to short manipulation, but I think it's probably mostly a symptom of A) a difference in the types of people engaging in aftermarket / premarket trading vs. trading during opening hours (when institutional investors are generally active), and B) various portfolio-rebalancing policies of TSLA-heavy institutionals.
Makes me wish I had some money in a day trade account. It seems like it would be easy money.Tesla's stock has this weird thing where it almost inevitably immediately gives up its overnight gains, and usually well below the previous day's close, early in the morning, before popping back up and then behaving normally.
Normally such behavior in a market is eliminated based on people choosing to profit of predictable behavior, and maybe it will be in time. But as for now, it's humorously consistent. A lot of people here credit it to short manipulation, but I think it's probably mostly a symptom of A) a difference in the types of people engaging in aftermarket / premarket trading vs. trading during opening hours (when institutional investors are generally active), and B) various portfolio-rebalancing policies of TSLA-heavy institutionals.
Aaaand back under $267... hello MMD, we missed you! :Þ
Makes me wish I had some money in a day trade account. It seems like it would be easy money.
I wish! That would be an amazing buying opportunity!
Yes 1% above Nasdaq.Stating the obvious here: stock has some legs this AM.
Tesla target upped to $465 at Baird on upbeat profitability expectations
MARKETWATCH 5:52 AM ET 12/13/2018
Baird analyst Ben Kallo increased his price target on Tesla Inc.(TSLA) shares to $465 from $411 on Thursday, writing that he believes investors will start thinking about the company as one that can be "sustainably profitable" rather than as a perpetual money loser. "We think Tesla's transition to becoming sustainably profitable will transform the narrative around the company and should coincide with positive catalysts (including new product introductions/production, international Model 3 deliveries, China factory, etc.) which should drive shares higher," wrote Kallo, who has an outperform rating on the stock. Kallo said that while Tesla executives have said that they don't anticipate needing a capital raise, he expects that doing so "would remove lingering liquidity concerns and could be prudent to strengthen the balance sheet and insulate against risks of a broader global slowdown." The stock is up 1% in premarket trading Thursday, and it's gained 18% so far this year. The S&P 500 has dropped 0.8% in that time.
It appears that Marge 'Nkalingyu is back on the phone again today. Her cousin Marge 'Nkalferyu has the day off.
It appears that Marge 'Nkalingyu is back on the phone again today. Her cousin Marge 'Nkalferyu has the day off.
I'll be honest, it took me a while...