I have shorted 50 shares of Tesla at 407.00, do i hold or Short more ?

Discussion in 'Stocks' started by TradeTune, Sep 14, 2020.

  1. Turveyd

    Turveyd

    Still in down?? $2K I guess here, if so.

    NQ strong trying to turn back to uptrend on the daily back to highs soon I'd bet, mad but don't fight it.
     
    #41     Sep 15, 2020
  2. zdreg

    zdreg

    Nah!:D You got to know when to hold them when to fold them.

    The Gambler
    Kenny Rogers

    On a warm summer's evening
    On a train bound for nowhere
    I met up with the gambler
    We were both too tired to sleep
    So we took turns a-starin'
    Out the window at the darkness
    The boredom overtook us
    And he began to speak
    He said, "Son, I've made a life
    Out of readin' people's faces
    Knowin' what the cards were
    By the way they held their eyes
    So if you don't mind my sayin'
    I can see you're out of aces
    For a taste of your whiskey
    I'll give you some advice"
    So I handed him my bottle
    And he drank down my last swallow
    Then he bummed a cigarette
    And asked me for a light
    And the night got deathly quiet
    And his face lost all expression
    Said, "If you're gonna play the game, boy
    You gotta learn to play it right
    You've got to know when to hold 'em
    Know when to fold 'em
    Know when
     
    Last edited: Sep 15, 2020
    #42     Sep 15, 2020
  3. How many shares you short now?
     
    #43     Sep 15, 2020
  4. Just 50 shares ... i don't have to add now, because i bought at 407.00, didn't use any margin.
    i will add if it goes to 550. But i don't think so, it will crash before gets to that level.
     
    #44     Sep 15, 2020
  5. Really? What makes you so sure?
     
    #45     Sep 15, 2020
  6. - Tesla was at $45 last October and went to $500 ...That's 1000% gain in less than a year.
    - Tons of kids are using leverage and adding to Tesla gain
    - 21 Billions short sellers money at 280-310 range ( i shorted much higher)
    - Tesla P/E at around 1000, which is ridiculous
    - Tesla competitors make 20 million cars, Tesla, half million ... Can competitors say they will copy what products Tesla brings and remember Tesla factory is in china now
     
    #46     Sep 15, 2020
  7. I posted this on July 2, 2020

    I am posting this now: TSLA to $555, then higher, possibly to $727. Timing? A few weeks to a month.

    Everything you say may be true, and none of it matters. Tesla bears have been wrong for 2000 points, and they will likely be wrong for 8000 more.
     
    #47     Sep 15, 2020
    VicBee and Tradex like this.
  8. why you think Tesla has Valuation at these levels today? I think people are buying into Elon musk, not the company. tell me why it goes that high ?
     
    #48     Sep 15, 2020
  9. Bugsy

    Bugsy

    Fundamentals are meaningless right now with trillions in free money from the Fed. Even without the Fed there are a ton of underlying fundamentals retail traders such as yourself will never be aware of. Personally I think the market will fall more, but remember one point and one quote. Probability does not equal absolute, and markets can remain irrational longer then you can remain solvent.
     
    #49     Sep 15, 2020
    VicBee and smallfil like this.
  10. Tesla is trending down, and after hours it can be close to 430, and another gap down tomorrow it will be at 400 level or below ...
     
    Last edited: Sep 15, 2020
    #50     Sep 15, 2020