Rank: Veteran Joined: 12/11/2006 Posts: 930
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I saw this stock being hyped on youtube that it's headed for a price of 6000 usd. Last week through the iqoption platform, i decided to speculate with 20usd and bought it at 641usd. Today im seeing it print 914 usd. There are so many clips on YouTube hyping this stock. They claim its the next apple/google Check this stock out guys and share your opinions “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Member Joined: 6/1/2017 Posts: 288
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ngapat wrote:I saw this stock being hyped on youtube that it's headed for a price of 6000 usd. Last week through the iqoption platform, i decided to speculate with 20usd and bought it at 641usd. Today im seeing it print 914 usd.
There are so many clips on YouTube hyping this stock. They claim its the next apple/google
Check this stock out guys and share your opinions Wow.Talk of a parabolic explosive move.A 110% gain year to date and 50% appreciation in just the last 2 days of trading.This is NUTS!! No doubt Tesla is by far the world leader in Electric Vehicles (EV) market and their cars are superb with a cult following among Tesla car buyers and also the mythical cult of personality of Elon Musk promising a bright future of innovation.Its the cult of Musk and EV innovation that's driving the stock ever higher. Despite this,Tesla has relatively crappy financials earning just 386 million in Q4 2019.Sure earnings per share was a beat with earnings per share of 2.14 USD vs 1.72 USD expected and revenue of 7.38 billion USD vs 7.02 USD and finally they have some positive free cash flow (FCF) after suffering years of negative FCF.They also raise lots of capital via issuing junk debt and the US junk debt market has already started to rollover.The investors who are short the stock believe the financials are cooked up in a fraudulent manner to juice up the stock and not forgetting Musk fraudulent shenanigans of "funding secured" tweet last year to pump up the stock where he was nearly forced out as CEO and paid a 20 million USD fine for misleading investors Tesla is probably the most emotive stock in the US stock market with bulls riding on the Musk myth and bears looking at the possibly fraudulent financials and this stock is the most shorted equity in the US equity market but the shorts have been crushed by the epic upward move.Much of the recent epic rally has been fueled by shorts being squeezed and forced to cover as they lost billions.Once the next US recession hits and the junk bond debt unravels,Tesla may not survive this.Also other car manufacturers with better financials are entering the EV market so Tesla may face stiff competition in future. Also not forgetting that Tesla epic rise plus the unprecedented general US equity market rise hitting all time highs almost daily is fueled by unparalleled Fed liquidity injections to the tune of over 1 trillion USD in new money every week in overnight and term repurchase agreements plus 60 billion/month in short term treasury purchases to stem a liquidity crunch in the financial system most likely due to some overleveraged hedge funds finding themselves in distress.This represents the largest money printing binge by the US central bank in history and the money just pumps the stock bubble to levels greater than the dot-com bubble that crashed in tears.Any sell off in the markets are mitigated by the infamous "Plunge Protection Team" (PPT) who use the Fed injection money to buy back declining stocks.Last Friday the US market sold off steeply due to corona virus fears but the PPT stepped in on Monday and yesterday buying stocks reviving the markets again.Even China that's reeling from coronavirus had its stock market open down 9% on Monday but the Chinese central bank Peoples Bank of China (PBOC) has injected 250 billion USD equivalent of new yuan in the last 2 days and the Shanghai Index has recovered from some of its losses. Tesla is a horrendously volatile stock.Despite its epic rally,it also suffers steep sell offs.Yesterday just before US market close,the stock plunged 100 USD on strong volume in the last 10 minutes of trade so caution is advised.Its grossly overbought but still can go much higher Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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Rank: Member Joined: 6/1/2017 Posts: 288
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Tesla reminds most short sellers of the mega giant Enron.Enron a darling of the US corporate market for many years and was named "America's Most Innovative Company" by Fortune for six consecutive years between 1996 and 2001 only for it to spectacularly collapse in 2001 due to mega fraud by the executives Jeffrey Skilling and Kenneth lay.Enron epic collapse also led to the demise of one of the big 5 audit firms at the time Arthur Andersen who as the external auditor willingly covered up Enron's fraudulent financials. Tesla short sellers believe a similar malfeasance is happening at Tesla making the stock the most heavily shorted stock in the US equity market and assume the stock will inevitably collapse to zero.The bulls believe in the myth of Elon Musk and EV innovation thus the bulls and bears are fanatical in their prognosis of the company and they are at each others throats presenting the pros and cons of the firm. It remains for posterity to be the final arbiter of the Tesla story.Lets wait and see who among the bulls and bears will be right. Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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Rank: Member Joined: 6/1/2017 Posts: 288
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Tesla now sinking like a rock.From an intraday high of 968 USD yesterday,now its trading at 765 USD.The volatility is insane.Lets see if the shorts and sellers carry the day.One shouldn't be surprised to see it bounce back and hit 1,000 USD but lets see how it plays out. Those who follow US markets are used to these tulip mania madness.One just has to recall a stock called Tilray that was trading at 23 USD on 1st August 2018 only to explode to 300 USD on 19th September 2018 then completely collapse and currently trades at 17 USD. Not forgetting marijuana stocks that explode in many multiples then immediately implode. Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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Rank: Member Joined: 6/1/2017 Posts: 288
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slick wrote:Tesla now sinking like a rock.From an intraday high of 968 USD yesterday,now its trading at 765 USD.The volatility is insane.Lets see if the shorts and sellers carry the day.One shouldn't be surprised to see it bounce back and hit 1,000 USD but lets see how it plays out.
Those who follow US markets are used to these tulip mania madness.One just has to recall a stock called Tilray that was trading at 23 USD on 1st August 2018 only to explode to 300 USD on 19th September 2018 then completely collapse and currently trades at 17 USD.
Not forgetting marijuana stocks that explode in many multiples then immediately implode.
Wow Tesla closed at 732 USD yesterday.MASSIVE SELL OFF jana.A classic pump and dump affair.The Wall Street banks and hedge funds played the game well.They bought the stock,hyped it up that it will reach 6,000 USD in the next few years,retail investors jumped in in the madness then the banksters sold at epic profits and shorted the hell out of this stock,retail investors panicked out of the equity and the banks covered their shorts at astronomical profits.The banksters will replay the game yet again.Highly likely the stock will be repumped to over 1,000 USD and the wash,rinse,repeat cycle will be played again Meanwhile the S&P closed at record highs as the Fed pumped in about 220 billion USD in the overnight and term repo market so no surprise with the record close.Dow 30,000 and beyond here we come. Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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Rank: Member Joined: 3/1/2019 Posts: 170 Location: Nairobi
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slick wrote:slick wrote:Tesla now sinking like a rock.From an intraday high of 968 USD yesterday,now its trading at 765 USD.The volatility is insane.Lets see if the shorts and sellers carry the day.One shouldn't be surprised to see it bounce back and hit 1,000 USD but lets see how it plays out.
Those who follow US markets are used to these tulip mania madness.One just has to recall a stock called Tilray that was trading at 23 USD on 1st August 2018 only to explode to 300 USD on 19th September 2018 then completely collapse and currently trades at 17 USD.
Not forgetting marijuana stocks that explode in many multiples then immediately implode.
Wow Tesla closed at 732 USD yesterday.MASSIVE SELL OFF jana.A classic pump and dump affair.The Wall Street banks and hedge funds played the game well.They bought the stock,hyped it up that it will reach 6,000 USD in the next few years,retail investors jumped in in the madness then the banksters sold at epic profits and shorted the hell out of this stock,retail investors panicked out of the equity and the banks covered their shorts at astronomical profits.The banksters will replay the game yet again.Highly likely the stock will be repumped to over 1,000 USD and the wash,rinse,repeat cycle will be played again Meanwhile the S&P closed at record highs as the Fed pumped in about 220 billion USD in the overnight and term repo market so no surprise with the record close.Dow 30,000 and beyond here we come. The Tesla stock already stabilized in the $700s range and it is still up by 75% YTD. No pump and dumping here. I would buy it any day
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Rank: Member Joined: 6/1/2017 Posts: 288
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NewMoney wrote:slick wrote:slick wrote:Tesla now sinking like a rock.From an intraday high of 968 USD yesterday,now its trading at 765 USD.The volatility is insane.Lets see if the shorts and sellers carry the day.One shouldn't be surprised to see it bounce back and hit 1,000 USD but lets see how it plays out.
Those who follow US markets are used to these tulip mania madness.One just has to recall a stock called Tilray that was trading at 23 USD on 1st August 2018 only to explode to 300 USD on 19th September 2018 then completely collapse and currently trades at 17 USD.
Not forgetting marijuana stocks that explode in many multiples then immediately implode.
Wow Tesla closed at 732 USD yesterday.MASSIVE SELL OFF jana.A classic pump and dump affair.The Wall Street banks and hedge funds played the game well.They bought the stock,hyped it up that it will reach 6,000 USD in the next few years,retail investors jumped in in the madness then the banksters sold at epic profits and shorted the hell out of this stock,retail investors panicked out of the equity and the banks covered their shorts at astronomical profits.The banksters will replay the game yet again.Highly likely the stock will be repumped to over 1,000 USD and the wash,rinse,repeat cycle will be played again Meanwhile the S&P closed at record highs as the Fed pumped in about 220 billion USD in the overnight and term repo market so no surprise with the record close.Dow 30,000 and beyond here we come. The Tesla stock already stabilized in the $700s range and it is still up by 75% YTD. No pump and dumping here. I would buy it any day Well,I still think that Tesla is way overvalued with an RSI of above 90 when stock was above 900 USD.The price action of the last few days looked like a classic pump and dump scheme to me by the usual Wall Street Banks suspects. Despite this,Tesla may still appreciate much further but if the coronavirus malaise persists it could cause serious trouble.The global supply chains have started being affected by the lockdown of Chinese cities.As we all know China is the global manufacturing hub so this could potentially be devastating.Tesla's Shanghai Gigafactory that builds the Chinese Model 3 is currently closed due to the ongoing crisis. Also,Hyundai Motor Company has suspended production in South Korea because the coronavirus outbreak has disrupted the supply of parts, it said.If the virus spread persists and the Chinese factories and cities lockdown extends it could get ugly. But Wallstreet is a money machine junkie induced by massive Fed liquidity and so far the Fed injections are successfully counteracting the virus fears thus Tesla 1,000 USD and above is feasible if you can stomach the wild volatility.I cannot endure the gut wrenching swings so I stay away from the stock Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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Rank: Member Joined: 6/1/2017 Posts: 288
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slick wrote:NewMoney wrote:slick wrote:slick wrote:Tesla now sinking like a rock.From an intraday high of 968 USD yesterday,now its trading at 765 USD.The volatility is insane.Lets see if the shorts and sellers carry the day.One shouldn't be surprised to see it bounce back and hit 1,000 USD but lets see how it plays out.
Those who follow US markets are used to these tulip mania madness.One just has to recall a stock called Tilray that was trading at 23 USD on 1st August 2018 only to explode to 300 USD on 19th September 2018 then completely collapse and currently trades at 17 USD.
Not forgetting marijuana stocks that explode in many multiples then immediately implode.
Wow Tesla closed at 732 USD yesterday.MASSIVE SELL OFF jana.A classic pump and dump affair.The Wall Street banks and hedge funds played the game well.They bought the stock,hyped it up that it will reach 6,000 USD in the next few years,retail investors jumped in in the madness then the banksters sold at epic profits and shorted the hell out of this stock,retail investors panicked out of the equity and the banks covered their shorts at astronomical profits.The banksters will replay the game yet again.Highly likely the stock will be repumped to over 1,000 USD and the wash,rinse,repeat cycle will be played again Meanwhile the S&P closed at record highs as the Fed pumped in about 220 billion USD in the overnight and term repo market so no surprise with the record close.Dow 30,000 and beyond here we come. The Tesla stock already stabilized in the $700s range and it is still up by 75% YTD. No pump and dumping here. I would buy it any day Well,I still think that Tesla is way overvalued with an RSI of above 90 when stock was above 900 USD.The price action of the last few days looked like a classic pump and dump scheme to me by the usual Wall Street Banks suspects. Despite this,Tesla may still appreciate much further but if the coronavirus malaise persists it could cause serious trouble.The global supply chains have started being affected by the lockdown of Chinese cities.As we all know China is the global manufacturing hub so this could potentially be devastating.Tesla's Shanghai Gigafactory that builds the Chinese Model 3 is currently closed due to the ongoing crisis. Also,Hyundai Motor Company has suspended production in South Korea because the coronavirus outbreak has disrupted the supply of parts, it said.If the virus spread persists and the Chinese factories and cities lockdown extends it could get ugly. But Wallstreet is a money machine junkie induced by massive Fed liquidity and so far the Fed injections are successfully counteracting the virus fears thus Tesla 1,000 USD and above is feasible if you can stomach the wild volatility.I cannot endure the gut wrenching swings so I stay away from the stock Well it seems a billionaire fund manager called Ron Baron is the one who pumped up the stock.Insider big money investors who knew he was about to appear on CNBC Squawk Box to praise the firm bought the equity massively to frontrun the stock before he appeared.When he finally appeared on CNBC and heaped praise on the stock,it went parabolic then of course the market became too frothy and these money managers who bought before Ron appeared started to sell late Tuesday and massively on Wednesday raking super profits and the short sellers also dived in to get their steak in the slaughterhouse.Its almost obvious that some of the fund managers and wall street banks that bought the stock on Monday and early Tuesday were the same ones shorting yesterday and the retail investor got destroyed chasing the stock Check out the following 2 videos https://www.youtube.com/watch?v=R5QJlTMADGQ
https://www.youtube.com/watch?v=j7P_2DWIQKQ
You got to love WALL STREET  .The investment firms quietly take a position in the market,go to media houses to pump up the stock then sell to the converts who chased the stock upwards and same investment firms now short to the downside. Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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Rank: Member Joined: 3/1/2019 Posts: 170 Location: Nairobi
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slick wrote:slick wrote:NewMoney wrote:slick wrote:slick wrote:Tesla now sinking like a rock.From an intraday high of 968 USD yesterday,now its trading at 765 USD.The volatility is insane.Lets see if the shorts and sellers carry the day.One shouldn't be surprised to see it bounce back and hit 1,000 USD but lets see how it plays out.
Those who follow US markets are used to these tulip mania madness.One just has to recall a stock called Tilray that was trading at 23 USD on 1st August 2018 only to explode to 300 USD on 19th September 2018 then completely collapse and currently trades at 17 USD.
Not forgetting marijuana stocks that explode in many multiples then immediately implode.
Wow Tesla closed at 732 USD yesterday.MASSIVE SELL OFF jana.A classic pump and dump affair.The Wall Street banks and hedge funds played the game well.They bought the stock,hyped it up that it will reach 6,000 USD in the next few years,retail investors jumped in in the madness then the banksters sold at epic profits and shorted the hell out of this stock,retail investors panicked out of the equity and the banks covered their shorts at astronomical profits.The banksters will replay the game yet again.Highly likely the stock will be repumped to over 1,000 USD and the wash,rinse,repeat cycle will be played again Meanwhile the S&P closed at record highs as the Fed pumped in about 220 billion USD in the overnight and term repo market so no surprise with the record close.Dow 30,000 and beyond here we come. The Tesla stock already stabilized in the $700s range and it is still up by 75% YTD. No pump and dumping here. I would buy it any day Well,I still think that Tesla is way overvalued with an RSI of above 90 when stock was above 900 USD.The price action of the last few days looked like a classic pump and dump scheme to me by the usual Wall Street Banks suspects. Despite this,Tesla may still appreciate much further but if the coronavirus malaise persists it could cause serious trouble.The global supply chains have started being affected by the lockdown of Chinese cities.As we all know China is the global manufacturing hub so this could potentially be devastating.Tesla's Shanghai Gigafactory that builds the Chinese Model 3 is currently closed due to the ongoing crisis. Also,Hyundai Motor Company has suspended production in South Korea because the coronavirus outbreak has disrupted the supply of parts, it said.If the virus spread persists and the Chinese factories and cities lockdown extends it could get ugly. But Wallstreet is a money machine junkie induced by massive Fed liquidity and so far the Fed injections are successfully counteracting the virus fears thus Tesla 1,000 USD and above is feasible if you can stomach the wild volatility.I cannot endure the gut wrenching swings so I stay away from the stock Well it seems a billionaire fund manager called Ron Baron is the one who pumped up the stock.Insider big money investors who knew he was about to appear on CNBC Squawk Box to praise the firm bought the equity massively to frontrun the stock before he appeared.When he finally appeared on CNBC and heaped praise on the stock,it went parabolic then of course the market became too frothy and these money managers who bought before Ron appeared started to sell late Tuesday and massively on Wednesday raking super profits and the short sellers also dived in to get their steak in the slaughterhouse.Its almost obvious that some of the fund managers and wall street banks that bought the stock on Monday and early Tuesday were the same ones shorting yesterday and the retail investor got destroyed chasing the stock Check out the following 2 videos https://www.youtube.com/watch?v=R5QJlTMADGQ
https://www.youtube.com/watch?v=j7P_2DWIQKQ
You got to love WALL STREET .The investment firms quietly take a position in the market,go to media houses to pump up the stock then sell to the converts who chased the stock upwards and same investment firms now short to the downside. Could be true but as a long term investor, you can safely ignore this kind of thing.. it's just noise in the long term
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Rank: Member Joined: 6/1/2017 Posts: 288
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NewMoney wrote:slick wrote:slick wrote:NewMoney wrote:slick wrote:slick wrote:Tesla now sinking like a rock.From an intraday high of 968 USD yesterday,now its trading at 765 USD.The volatility is insane.Lets see if the shorts and sellers carry the day.One shouldn't be surprised to see it bounce back and hit 1,000 USD but lets see how it plays out.
Those who follow US markets are used to these tulip mania madness.One just has to recall a stock called Tilray that was trading at 23 USD on 1st August 2018 only to explode to 300 USD on 19th September 2018 then completely collapse and currently trades at 17 USD.
Not forgetting marijuana stocks that explode in many multiples then immediately implode.
Wow Tesla closed at 732 USD yesterday.MASSIVE SELL OFF jana.A classic pump and dump affair.The Wall Street banks and hedge funds played the game well.They bought the stock,hyped it up that it will reach 6,000 USD in the next few years,retail investors jumped in in the madness then the banksters sold at epic profits and shorted the hell out of this stock,retail investors panicked out of the equity and the banks covered their shorts at astronomical profits.The banksters will replay the game yet again.Highly likely the stock will be repumped to over 1,000 USD and the wash,rinse,repeat cycle will be played again Meanwhile the S&P closed at record highs as the Fed pumped in about 220 billion USD in the overnight and term repo market so no surprise with the record close.Dow 30,000 and beyond here we come. The Tesla stock already stabilized in the $700s range and it is still up by 75% YTD. No pump and dumping here. I would buy it any day Well,I still think that Tesla is way overvalued with an RSI of above 90 when stock was above 900 USD.The price action of the last few days looked like a classic pump and dump scheme to me by the usual Wall Street Banks suspects. Despite this,Tesla may still appreciate much further but if the coronavirus malaise persists it could cause serious trouble.The global supply chains have started being affected by the lockdown of Chinese cities.As we all know China is the global manufacturing hub so this could potentially be devastating.Tesla's Shanghai Gigafactory that builds the Chinese Model 3 is currently closed due to the ongoing crisis. Also,Hyundai Motor Company has suspended production in South Korea because the coronavirus outbreak has disrupted the supply of parts, it said.If the virus spread persists and the Chinese factories and cities lockdown extends it could get ugly. But Wallstreet is a money machine junkie induced by massive Fed liquidity and so far the Fed injections are successfully counteracting the virus fears thus Tesla 1,000 USD and above is feasible if you can stomach the wild volatility.I cannot endure the gut wrenching swings so I stay away from the stock Well it seems a billionaire fund manager called Ron Baron is the one who pumped up the stock.Insider big money investors who knew he was about to appear on CNBC Squawk Box to praise the firm bought the equity massively to frontrun the stock before he appeared.When he finally appeared on CNBC and heaped praise on the stock,it went parabolic then of course the market became too frothy and these money managers who bought before Ron appeared started to sell late Tuesday and massively on Wednesday raking super profits and the short sellers also dived in to get their steak in the slaughterhouse.Its almost obvious that some of the fund managers and wall street banks that bought the stock on Monday and early Tuesday were the same ones shorting yesterday and the retail investor got destroyed chasing the stock Check out the following 2 videos https://www.youtube.com/watch?v=R5QJlTMADGQ
https://www.youtube.com/watch?v=j7P_2DWIQKQ
You got to love WALL STREET .The investment firms quietly take a position in the market,go to media houses to pump up the stock then sell to the converts who chased the stock upwards and same investment firms now short to the downside. Could be true but as a long term investor, you can safely ignore this kind of thing.. it's just noise in the long term Probably.Who knows Tesla could be 2,000 USD in the next few months.I have seen an analyst predicting 15,000 USD by 2024. .I would probably wait for the froth to deflate and catch it at a much lower price.Personally I wouldn't buy the stock as its too emotive with fanatical bulls and bears at each others throats thus the volatility hence impossible to predict the trajectory.The fact its the most heavily shorted stock in the US equity market could make me nervous going long.There are better more stable stocks with predictable trajectories.Even scalping some day trades is a challenge considering the volatility but there are some expert scalpers using leverage to make fantastic profits both on the long and short side Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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