Domain: tiger-web1.srvr.media3.us just bought Tesla stock today at $357 | Page 13 | Money Talk
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re: just bought Tesla stock today at $357

Posted on 2/5/20 at 6:21 pm to
Posted by GAFF
Georgia
Member since Aug 2010
2737 posts
Posted on 2/5/20 at 6:21 pm to
So we thinking it’s going to bounce back or keep falling? I bought a put that expires Friday at a break even of 699. Really don’t know wtf I’m doing but I just know it had to come down eventually haha
Posted by TigerDeBaiter
Member since Dec 2010
10713 posts
Posted on 2/5/20 at 7:38 pm to
I expect to keep falling. One has to wonder if it will stay above the $550/share level ($100 billion market cap) for a sustained period. Doesn’t it have to stay above $100 billion for musk to collect his coin?
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11953 posts
Posted on 2/5/20 at 7:54 pm to
quote:

Doesn’t it have to stay above $100 billion for musk to collect his coin?


I'm cheering he gets his bonus and mic drops that he's stepping down. He deserves it for surviving this long TBH.
Posted by mrgreenpants
paisaland
Member since Mar 2018
1421 posts
Posted on 2/6/20 at 6:45 am to


just watch the volume..

now we see unusually high volume on a large negative range= falling knife.. let it continue falling

if it was low volume on same large negative range= profit taking going on.. trend is still intact (ie the dips we buy..be ready to buy)

eventually we'll see higher volume on a small (tiny..ideally green) range= big pockets are acquiring again.. soon there will be insufficient supply (imo, then it would be a "safe" time to go long again)


imo, volume spread analysis tells the story on all time frames..
Posted by thatguy777
br
Member since Feb 2007
2506 posts
Posted on 2/6/20 at 8:31 am to
Clean break below 700 should send TSLA down to 650

650 looks like the next level of support
This post was edited on 2/6/20 at 8:32 am
Posted by slackster
Houston
Member since Mar 2009
91500 posts
Posted on 2/6/20 at 8:34 am to
quote:

650 looks like the next level of support


, how can there be any support when it essentially never traded at these levels for longer than a day?
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 2/6/20 at 8:37 am to
She gone
Posted by thatguy777
br
Member since Feb 2007
2506 posts
Posted on 2/6/20 at 8:39 am to
volume by price. I agree though. Not much to go off of. That’s best I can tell
Posted by slackster
Houston
Member since Mar 2009
91500 posts
Posted on 2/6/20 at 8:41 am to
quote:

volume by price. I agree though. Not much to go off of. That’s best I can tell


Yeah i wasn't being critical. 650ish is as good a level as any considering the last week.
Posted by thatguy777
br
Member since Feb 2007
2506 posts
Posted on 2/6/20 at 9:29 am to
Just closed the short position. I am done trading this for now lol. Going to sit back and watch
Posted by broadhead
Member since Oct 2014
2519 posts
Posted on 2/6/20 at 10:07 am to
quote:

Just closed the short position. I am done trading this for now lol. Going to sit back and watch


This has been the most stressful trades I've made. At one point I had two calls up 13000 then they dropped down to being just up 6000 so I sold. Then bought puts made some and sold. Now I have a call that is green but it's like, when do I sell it. Not sure I'm cut out for this everyday.
Posted by southernelite
Houston, TX
Member since Sep 2009
53562 posts
Posted on 2/6/20 at 10:10 am to
It’ll settle down and revert to mean. For the time being, yes it’s stressful, but there’s money to be made. I’m on my third trade, long, short, long now. Incredible action and you don’t get many opportunities to see a stock swinging this wildly. Just have to manage risk to not get burnt.
Posted by slackster
Houston
Member since Mar 2009
91500 posts
Posted on 2/6/20 at 10:16 am to
As if we needed more proof things are irrational as hell right now, it's gone from down 6% to up 6% in less than two hours.
Posted by GenesChin
The Promise Land
Member since Feb 2012
37839 posts
Posted on 2/6/20 at 10:34 am to
Bought a few OOM put for March. I'm not particularly greedy, I just think the volatility swings eventually will make it $ as I don't think it will stick >$750 forever
This post was edited on 2/6/20 at 1:39 pm
Posted by SalE
At the beach
Member since Jan 2020
3034 posts
Posted on 2/6/20 at 3:16 pm to
I expect tomorrow to be another wild day...who wants to short over the weekend?
Posted by LEASTBAY
Member since Aug 2007
16459 posts
Posted on 2/6/20 at 8:00 pm to
I'm just holding for now. Still up a pretty good amount. I'm hearing we might get an IPO for the starlink internet service next.
Posted by castorinho
13623 posts
Member since Nov 2010
87120 posts
Posted on 2/19/20 at 8:33 am to
Well this shite never stops
Posted by LSUcam7
FL
Member since Sep 2016
8876 posts
Posted on 2/19/20 at 8:50 am to
$157B market cap with consistently negative EPS. Market has a lot of faith in Elon’s business awareness all of a sudden.
Posted by MikeD
Baton Rouge
Member since Jan 2004
8273 posts
Posted on 2/19/20 at 8:53 am to
quote:

Well this shite never stops


I mean WTF is going on?
Posted by TigerDeBaiter
Member since Dec 2010
10713 posts
Posted on 2/19/20 at 9:05 am to
Basically you’ve got a bunch of dumbass robinhooders buying nonstop, thinking this will go “to the moon” (some quite literally think this is directly connected to spaceX) combined with a massive big money short unwinding. Plus a ton of others just riding the wave.

It’s hilarious to watch. And my growth index funds are happy to see it, for now. It’s got to come back to reality at some point.
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