After hours action, after a quick dip to 290 it is up 312-17 range. Based on the technicals it should hit at least 320... If it stays like this by the open, I would wait for a pullback before buying...
Shorts and RNB haters, how you like them now? Gotta research your history a little more: https://www.elitetrader.com/et/threads/tsla.224571/ Nobody on ET has a better history with this company!
I took a little bit of time to draw a picture. I had posted "for anyone capable of drawing trendlines". Forgive me, I am an ahole when things are going well.
AF high 335.75, close down to 329. The Open usually follows the pre-market action. I tend to trade in the first hour or two, and the final 30 minutes. Can't say it's going to be Calls or Puts now. Will decide 15-60 seconds after open. I still doubt that TSLA can stay above 330 for long. In fact, I believe TSLA will drop below 300 again before the end of August. What is RNB? I think the Shorts are going to short more if they have the deep pocket to wait a few more months. A 10% jump is nothing. After all, the stock just dived from $364 to $286 the past couple of weeks.
I doubt any short term trades were based upon anything I have said here, but if they were, a small profit was to be had. Consider your own tolerance and consider selling this pop (a 10% gift) as it likely represents 1-2% total equity gain if handled my way. If short, consider holding a while longer, please. Investors should continue holding for your target, my short term target is 600, long term is 2000. When Elon meets next set of goals is really when I will consider long term exits. I forget what is required for next goals, recall it was market cap 10x what it was.
Elon Musk has NOT even met his current set of goals fair and square. And you are talking about him meeting "next set of goals"??? Seriously? Short term means under 1 year. So your TSLA price target for the next 12 months is $600. Duly noted. I'm no mathematician, but I'm calling the probability of that happening less than 0.001%. Yes, I know this stock is different than others in that it's supported by the irrational exuberance of a large cult following, but unless each of the cult members buys a couple of Tesla EVs, and manages to influence the overall market sentiment and the economy, you will just have to find a real Harry Potter to make that happen IMHO. How many Tesla EVs do you own? (If you do own one, consider installing ejection seats to guard against the deadly Tesla battery fire upon a collision initiated by Tesla's revolutionary Auto Pilot program.)
Well I guess the Tesla Team is running low on gun powder and cannot do $360 today. Time to cash out the calls. Are you selling Nursebee? You know, big up days don't mean anything if you don't cash out on gains. OK, it's me. I don't know what I was thinking. But not to worry, I'm going to get three jobs to fund my account again. I also got 666 Aug 10 Calls - $450, $500, $600, which I think will be in the money next week.