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Agreed. Tesla closed up on the day but after hours dropped it back into the 390 range. I may toss a little bit more at it if it drops down to 375ish.
After the massive drop in premarket; I'm staying out of any more Tesla for the moment. Currently trading at $340ish, and I think it'll drop quite a bit more.
I was thinking about selling everything and then buying back in at a lower price but that doesn't seem like it's going to happen, should've tried that on Friday after-hours
@AZuser Are you saying it's predictable due to the stagnation in the stock from around Jul 10 to Aug 11? Or is there some other indicator(s) I should be looking at?
Although I'm still curious what he's talking about with those charts.
One can look back over the previous year for pretty much every stock and build an argument that the drop/surge it was "predictable", but hindsight is 20/20. Trend that shit in realtime and I'll be a believer.
You should've shown that back in October 2019 when those idiots were shorting the stock.
Put buying doesn't necessarily mean people were shorting the stock. People buy puts as protection to hedge their long bets too. Some of those puts were sold (not bought) as well.... meaning people were being bullish (didn't believe stock would fall below $220).
Originally Posted by #1 STUNNA
Curve fitting is some of the dumbest shit, I really hope you don't actually believe that BS
You don't think the algos are programmed to look for things like that?
@AZuser Are you saying it's predictable due to the stagnation in the stock from around Jul 10 to Aug 11? Or is there some other indicator(s) I should be looking at?
I meant there was a good chance it would pull back because it hit the top of the channel.
Although I'm still curious what he's talking about with those charts.
One can look back over the previous year for pretty much every stock and build an argument that the drop/surge it was "predictable", but hindsight is 20/20. Trend that shit in realtime and I'll be a believer.
This is the first time he's posted in this thread all year, he disappeared after the stock price increased over $2000, but he shows up today when it's down 15%. He wisely bought in at $178, and if he actually believed in that trend shit it should've predicted the massive stock increase after 5 years of spinning its wheels in the $200-$300 range (which the trend also predicted) and he should've sold everything else and bought in to TSLA at $200 and held on for the ride.
But if he had he probably would've posted about it, usually people are excited about 10x gains. I wonder if he tried to short TSLA and got burned by it and that's why he stopped posting in this thread, that he used to be pretty active in, during one of the biggest valuation increases in stock market history.
This is the first time he's posted in this thread all year, he disappeared after the stock price increased over $2000, but he shows up today when it's down 15%.
I haven't been actively posting in the finance section for many months now... not just in the Tesla thread. And I haven't been posting my trades in just as many months. But all of a sudden when I decide to share something, I get... shamed?
Originally Posted by #1 STUNNA
He wisely bought in at $178, and if he actually believed in that trend shit it should've predicted the massive stock increase after 5 years of spinning its wheels in the $200-$300 range (which the trend also predicted) and he should've sold everything else and bought in to TSLA at $200 and held on for the ride.
Why would I expose myself to just 1 stock? It's dumb not to be diversified.
That's as dumb as me questioning why TSLA isn't the only stock you own since you're so bullish on it, and why you didn't spend every cent you have to buy TSLA.
Originally Posted by #1 STUNNA
But if he had he probably would've posted about it, usually people are excited about 10x gains.
Why should I or do I need to brag about my gains? I'm not like those people on Reddit, Twitter, Facebook, etc. who feels the need to tell the whole world about myself.
Originally Posted by #1 STUNNA
I wonder if he tried to short TSLA and got burned by it and that's why he stopped posting in this thread, that he used to be pretty active in, during one of the biggest valuation increases in stock market history.
I've never shorted TSLA. It trades too erratically. But since you're so curious, I did sell a Put this morning which means I buy 100 shares if it falls below $312 by Oct 2. Using the chart I posted above, I'm betting that it won't. And if it doesn't, I get to keep the $2,400 ($24 x 100 shares per option) if it stays above $312 by Oct. 2
Why would I expose myself to just 1 stock? It's dumb not to be diversified.
That's as dumb as me questioning why TSLA isn't the only stock you own since you're so bullish on it, and why you didn't spend every cent you have to buy TSLA.
tsla had huge losses today because it didn't make the S&P500, fires in california impacting logistics, and will test $270 territory this month according to a buddy I went to University with who is an investor. I feel really bad for the folks that jumped in after the split.
tsla had huge losses today because it didn't make the S&P500, fires in california impacting logistics, and will test $270 territory this month according to a buddy I went to University with who is an investor. I feel really bad for the folks that jumped in after the split.
This is why I don't day trade, I was one of those people. Oh well, I'm in it for the long run now.
tsla had huge losses today because it didn't make the S&P500, fires in california impacting logistics, and will test $270 territory this month according to a buddy I went to University with who is an investor. I feel really bad for the folks that jumped in after the split.
honestly, it’s not really any of that. Tesla was just super inflated. It was dumb money. Their current stock price is still too high
09-08-2020, 08:42 AM
Although I'm still curious what he's talking about with those charts.
I haven't been actively posting in the finance section for many months now... not just in the Tesla thread. And I haven't been posting my trades in just as many months. But all of a sudden when I decide to share something, I get... shamed?
