Didn't want to trade the Q's today with this big of a gap, so TSLA was the only one screaming at me based on yesterday's weakness. Caught the short from 174. Final cover was in mid 165's. Going even lower now... sheesh!
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Last: 40 min ago by Heineken-Ashi
Jumped into SH at15.20.
After todays 9 month breakout in #ES_F, it was time for back-tests as posted with 4110, 4080 supports. We sold to 4110 and bounced 30 points, now returning there for test #2
— Adam Mancini (@AdamMancini4) December 13, 2022
Bulls want to keep holding 4110 (4080 lowest) which keeps 4150, 4175 in play. 4080 fails, we sell. https://t.co/uFDZvQj21R
Charismatic Megafauna
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AG
According to my crayons we're back under the trendline/ into the downward channel. Now just need jerome to finish er off tomorrow
Sold my entire TQQQ position in my Roth for a small profit. (4.2%)
Still have a significant chunk of UPRO in the red though.
Still have a significant chunk of UPRO in the red though.
Could people be manipulating Tesla stock down? They are starting to trend down even when other similar tending stocks are now going up. Does the left hate Twitter stuff so much they are trying to sabotage Tesla?
Yes
It must be hard for them.
Support the product to save the environment (debatable)
Attack the product owner to save the narrative.
Support the product to save the environment (debatable)
Attack the product owner to save the narrative.
ProgN said:
Yes
How can they do this? Through shorting stock? If so, won't they be caught with their pants down at some point?
They do whatever the media tells them to do
If we selloff and close dark red after that open then a lot of astronauts are gonna be stranded.
Farmer @ Johnsongrass, TX
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Not unusual. The manipulation in the crude market has been going on for a while. Worldwide crude supply shortage and the price goes down. .... ProgN is spot on.
Quite the reversal today.
There are a lot of people jealous of Musk on "Wall Street", and have certainly taken the opportunity to get a big short built in it over the last half year.Premium said:ProgN said:
Yes
How can they do this? Through shorting stock? If so, won't they be caught with their pants down at some point?
On the other hand... it was an OG of the modern meme stocks... inflated artificially higher over the course of several years.
I can't remember the exact stat I heard on a podcast last week, but it said that TSLA stock accounted for something like 75% of all automaker market cap at its highs, while Tesla cars being less than 10% of actual market share of autos.
It was bound to revert hard to the mean at some point.
More likely that it's due to the 50 p/e and the increase in competition. TSLA has been extremely overvalued for years. It will drop below $100 within the next year.Premium said:
Could people be manipulating Tesla stock down? They are starting to trend down even when other similar tending stocks are now going up. Does the left hate Twitter stuff so much they are trying to sabotage Tesla?
T&P for all the folks that got caught.
You don’t trade for money, you trade for freedom.
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I ain't get caught! I bought back sold legs of my put spreads!
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GreasenUSA said:
I can't remember the exact stat I heard on a podcast last week, but it said that TSLA stock accounted for something like 75% of all automaker market cap at its highs, while Tesla cars being less than 10% of actual market share of autos.
ItS nOt A cAr CoMpAnY
iTs A tEcH cOmPaNy ThAt MaKeS cArS
I enjoy listening to the On The Tape podcast with Dan Nathan, Guy Adami, and Danny Moses, particularly the episode that they do at the end of every week.Charismatic Megafauna said:GreasenUSA said:
I can't remember the exact stat I heard on a podcast last week, but it said that TSLA stock accounted for something like 75% of all automaker market cap at its highs, while Tesla cars being less than 10% of actual market share of autos.
ItS nOt A cAr CoMpAnY
iTs A tEcH cOmPaNy ThAt MaKeS cArS
But they are the ones that made me realize how much the Wall Street world hates Elon Musk. These 3 are so jealous of him. It's pretty hilarious how much they seethe over him every week.
https://open.spotify.com/show/0sznt21EO7d94NWOZTSnvm
I agree with you which is why I have not been adding to my position from a year agojj9000 said:
To be fair, you've got to wonder where TSLA will land once the true market value is determined.
I've always considered TSLA to be somewhat of a meme stock (before meme stocks we're cool).
Is the company really more valuable than Toyota, Porsche, Volkswagen, Mercedes Benz, BMW, GM , Ford, Ferrari, Honda and Hyundai...combined?
I've never thought so.
is Tesla a car company, or a Big Tech company?
if it becomes just a car company - why should it be worth more than every other car company combined as above?
Dan Nathan HATES Elon MuskGreasenUSA said:I enjoy listening to the On The Tape podcast with Dan Nathan, Guy Adami, and Danny Moses, particularly the episode that they do at the end of every week.Charismatic Megafauna said:GreasenUSA said:
I can't remember the exact stat I heard on a podcast last week, but it said that TSLA stock accounted for something like 75% of all automaker market cap at its highs, while Tesla cars being less than 10% of actual market share of autos.
ItS nOt A cAr CoMpAnY
iTs A tEcH cOmPaNy ThAt MaKeS cArS
But they are the ones that made me realize how much the Wall Street world hates Elon Musk. These 3 are so jealous of him. It's pretty hilarious how much they seethe over him every week.
https://open.spotify.com/show/0sznt21EO7d94NWOZTSnvm
and it has nothing to do with a business case for or against Tesla or SpaceX or Twitter
he hates Musk for political reasons.
I'm not taking his advice when he is clearly personally biased on that issue.
Looks like classic "sell the news", crazy.topher06 said:
Quite the reversal today.
Yep, it's all because of politics. Easy to read between the lines when listening. I still enjoy the show and have learned to tune out any political leanings.LMCane said:Dan Nathan HATES Elon MuskGreasenUSA said:I enjoy listening to the On The Tape podcast with Dan Nathan, Guy Adami, and Danny Moses, particularly the episode that they do at the end of every week.Charismatic Megafauna said:GreasenUSA said:
I can't remember the exact stat I heard on a podcast last week, but it said that TSLA stock accounted for something like 75% of all automaker market cap at its highs, while Tesla cars being less than 10% of actual market share of autos.
ItS nOt A cAr CoMpAnY
iTs A tEcH cOmPaNy ThAt MaKeS cArS
But they are the ones that made me realize how much the Wall Street world hates Elon Musk. These 3 are so jealous of him. It's pretty hilarious how much they seethe over him every week.
https://open.spotify.com/show/0sznt21EO7d94NWOZTSnvm
and it has nothing to do with a business case for or against Tesla or SpaceX or Twitter
he hates Musk for political reasons.
I'm not taking his advice when he is clearly personally biased on that issue.
Right now I'm just glad I took TQQQ profits while I could. Already hit two buys on UPRO on its way down but still have most of that cash.
interesting daily pattern here
He looks like a personified bee stingLMCane said:Dan Nathan HATES Elon MuskGreasenUSA said:I enjoy listening to the On The Tape podcast with Dan Nathan, Guy Adami, and Danny Moses, particularly the episode that they do at the end of every week.Charismatic Megafauna said:GreasenUSA said:
I can't remember the exact stat I heard on a podcast last week, but it said that TSLA stock accounted for something like 75% of all automaker market cap at its highs, while Tesla cars being less than 10% of actual market share of autos.
ItS nOt A cAr CoMpAnY
iTs A tEcH cOmPaNy ThAt MaKeS cArS
But they are the ones that made me realize how much the Wall Street world hates Elon Musk. These 3 are so jealous of him. It's pretty hilarious how much they seethe over him every week.
https://open.spotify.com/show/0sznt21EO7d94NWOZTSnvm
and it has nothing to do with a business case for or against Tesla or SpaceX or Twitter
he hates Musk for political reasons.
I'm not taking his advice when he is clearly personally biased on that issue.
Yessir!Philip J Fry said:
Jumped into SH at 15.20.
Yes. SPXS.
I've been hesitant to do the 3X leveraged thing, but I may reconsider here soon.
with this sell off before FOMC, I'm thinking we rip tomorrow. then continue into Christmas, blow off top, then end of year Look out! let the waterfall commence.Charismatic Megafauna said:
According to my crayons we're back under the trendline/ into the downward channel. Now just need jerome to finish er off tomorrow
I will even put my money where my mouth is and buy some lotto SPY calls.
Philip J Fry said:
I've been hesitant to do the 3X leveraged thing, but I may reconsider here soon.
Just size smaller and know your stops.
You don’t trade for money, you trade for freedom.
Farmer @ Johnsongrass, TX
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grabbed some 12/23 420's. also grabbed some tomorrow exp closer to the money. Ideally, I'd be all out of all of these before FOMC.
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