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Tesla stock
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ngapat
#31 Posted : Monday, July 13, 2020 10:29:28 AM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
trading above 1500 usd
“Invest in yourself. Your career is the engine of your wealth.”
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VituVingiSana
#32 Posted : Monday, July 13, 2020 11:48:23 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
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



I kept saying Tesla stock is way overvalued and now the nutty,impulsive mercurial CEO of Tesla Elon Musk agrees with me.Laughing out loudly Laughing out loudly







And now is it is 2x... Laughing out loudly Laughing out loudly
I am not saying it is fairly valued though Laughing out loudly
Nuts!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Monday, July 13, 2020 11:49 AM | Reason: Not specified
ngapat
#33 Posted : Monday, July 13, 2020 3:42:00 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
Tesla is clearly behaving like crypto
“Invest in yourself. Your career is the engine of your wealth.”
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Horton
#34 Posted : Monday, July 13, 2020 7:59:25 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
ngapat wrote:
Tesla is clearly behaving like crypto



The reason TSLA is on steroids is that if it has a good Q as announced on 22/07, it will be included in the S&P 500.

If it is included, if you are S&P tracking fund, you will have to include it to keep your fund authentic. Whether you like the stock or not, whether you reckon it’s overpriced or underpriced.

When YHOO was included similarly a few years back, its share price jumped 64% as ETFs struggled to include it and bought at any price.


I see TSLA rising up to around 22/07. I’m looking to cash out my principal and hen it gets here and leave in my profits 🚀🚀🚀
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kmucheke
#35 Posted : Tuesday, July 14, 2020 8:42:26 AM
Rank: Member

Joined: 3/16/2019
Posts: 313
Horton wrote:
ngapat wrote:
Tesla is clearly behaving like crypto



The reason TSLA is on steroids is that if it has a good Q as announced on 22/07, it will be included in the S&P 500.

If it is included, if you are S&P tracking fund, you will have to include it to keep your fund authentic. Whether you like the stock or not, whether you reckon it’s overpriced or underpriced.

When YHOO was included similarly a few years back, its share price jumped 64% as ETFs struggled to include it and bought at any price.


I see TSLA rising up to around 22/07. I’m looking to cash out my principal and hen it gets here and leave in my profits 🚀🚀🚀


This I think is actually one disadvantage of index funds and similar ETFs.
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Swenani
#36 Posted : Tuesday, July 14, 2020 9:16:41 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
How much would you be worth if you bought Tesla shares instead of a tesla car in January 2020?-A depressing Q I saw posed to someone on twirra
If Obiero did it, Who Am I?
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Angelica _ann
#37 Posted : Tuesday, July 14, 2020 9:26:53 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Swenani wrote:
How much would you be worth if you bought Tesla shares instead of a tesla car in January 2020?-A depressing Q I saw posed to someone on twirra


Poor malnourished man mentality!!!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Kusadikika
#38 Posted : Monday, August 24, 2020 7:23:55 PM
Rank: Elder

Joined: 7/22/2008
Posts: 2,721
Rollout wrote:
Tesla- I bought 600 share of Tesla in 2012 paying under $25k this was in response to a number of misses including missing out on great companies like UnitedHealth Group, Facebook and Amazon during their respective earlier stages. I had several instants that I was tempted to sell but held back because I didn't want to pay tax, when stock dropped from $400s to under $200 last year, I was tempted to sell but went ahead and spent $20k to acquire additional 100 share. I believe Tesla stock will hit $2000 a share by end of 2022. Tesla is a technology company, you can't compare it with Toyota and Ford. Tesla cheapest model is $35k, New Toyota Camry/Corolla is $25k. Tesla should be able to overtime reduce the price of the cheapest model to under $30k and at that point Toyota drives will start switching. there is also a race for autonomous vehicles operating systems. Tesla is going to kill it. You will be stupid if you miss out


Did you hold on to cash in on your $1.2 million?? Congratulations!! That was an unbelieavable ride. Your price was achieved 2 years earlier than you said it would.
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Jon Jones
#39 Posted : Monday, August 24, 2020 7:40:44 PM
Rank: Member

Joined: 9/11/2015
Posts: 245
Location: Thika
How do you guys buy Tesla stock?? Educate a novice.

Secondly, I just checked its price action on tradingview. That is an obvious bubble. Use the pi cycle top indicator to sell at the top (+- 3 days). Thank me later.
Since men have learned to shoot without missing, I have learned to fly without perching
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ngapat
#40 Posted : Saturday, January 09, 2021 9:43:51 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
Elon musk overtook jeff bezos as the worlds richest man, at least on paper, thanks to never ending tesla bull run
“Invest in yourself. Your career is the engine of your wealth.”
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