Nursebee, again, I appreciate your desperate attempt to find bad predictions in my 15K post count. Sure there are many. But what you are posting are NOT! I made a prediction 10 years out 3 years ago and you are calling it bad? Why don't we wait for the rest of the term? Off you go into Ignore island. I hope you have learnt something while going through my posts. ----------------------- Just to make idiots like him happy, let's keep up the predictions: Looks like the (correctly predicted) short squeeze is underway. I am going to put a 360-370 top on it. Even if price overshots it it won't last (Remember VW/Porsche) and the best way to play is selling vertical calls let's say 2-3 months out and 30-40 bucks higher than the current price. http://4.bp.blogspot.com/-Nr8vkBriAuo/U0RSt0E3_1I/AAAAAAAAAs0/fDcm_9XTzI0/s1600/volkswagen.gif
On the tape... *TESLA TO CUT ABOUT 9% OF JOBS ACROSS COMPANY *TESLA SAYS DOESN'T PLAN FURTHER CUTS *TESLA: CUTS WON'T AFFECT ABILITY TO REACH MODEL 3 PRODUCTION TARGETS *TESLA WILL NOT RENEW RESIDENTIAL SALES PACT WITH HOME DEPOT
TSLA is such a marvelous stock for day trading sometimes. Looks like the pump and dump operation is now entering the dump phase, or the 1st dump phase? Anyone laughed out loud when reading that early morning "news" piece by Keybank "analyst"??? The guy calls Tesla dealers around and compare figures to his own "estimates" and then make a new estimate that's 50% higher. And the BS becomes the main cover story for another leg of the pump phase / short squeeze. Isn't this penny stock style P&D ops?? Anyway, I'm still not buying the Tesla story. I think the latest news about layoffs sort of gives away the on-going poor management planning issues. Waiting for TSLA to close the gap before closing out remaining Puts for the day.
I'd spend the time trading TSLA instead. Did you make any directional trades today? Or just selling vertical spreads above $370? I suspect $355 is high enough for now. I was a little surprised there wasn't much of struggle at $350. But it's a high volume day, so the day trading is a lot easier.
Let's call in the experts. This guy is a former investment banker, that is not so important though. What is kind of important that he has just ran up an account from 2K to 200K in 9 months. That is still not so important but he called for TSLA just below 400 when it was still under 300. That is on par with my 360-370 top call. Well guess what? After that he calls for below 200, then 0.
Someone with access please check to see if short interest has actually increased after today. (I suspect it has.) The 9% workforce cut may be a sign that Tesla's balance sheet is getting very ugly due to the Model 3 ramp up. Cost of M3 production may be significantly higher than previously thought. Wonder if Tesla would take advantage of the recent spike to raise capital.
http://money.cnn.com/2018/06/12/news/companies/tesla-layoffs/index.html https://www.cnbc.com/2018/06/12/tesla-to-cut-about-9-percent-of-jobs-across-company-report.html but hey, at leas the stock is up 3%