I made a shit ton off these calls. Going to see another leg up once this profit taking gets absorbed in the next few weeks. No one wants a piece of shit Prius when you could own a Tesla.
Tesla is experiencing short squeeze after earnings. Stock is going to come down after the squeeze is over.
That's usually how it works. Any idea on how high it will go? What if a ton more shorts piled on today? And then it gets to $168 and a whole new batch of shorts piles on to join the party, followed by $174, and then a biggie to $182.... then $195? Where's the rain end? Or, if none piled on, then it heads back down. I mean your statement is 100% correct, but it's also 100% painfully obvious. No disrespect. The question is, do you have the financial wherewithal to jump in and play it short now? And at what level? Make no mistake, this is not directed at you personally, it's to anyone that thinks they can predict $TSLA based on fundamentals OR TA. The only thing that matters with near term moves is which direction makes a select handful of unfathomably deep pockets armed with unfathomably powerful computers, and unfathomable access to unfathomable amounts of order flow data on both the options and the underlying... the most money. The higher it goes, the higher it will go. Until the weight on one side of the boat shifts to the other side. But whatever. Jmho. You guys are all smarter than me. But TSLA has never been worth what it trades at. No one can deny that, and those that don't learn from history.... may the force be with em.
I imagine there should be some metric about how long it takes on average for the price to drop below the gap up to have been considered a short squeeze. If the stock goes on to make a new all time high, then I suspect we can say its wasn't a short squeeze but organic buying. I don't study individual stocks, so we would need an expert to chime in here who has been doing this for decades, but I imagine that the number is anywhere from about a couple of days to make 2 weeks. If it hasn't dropped by then, perhaps we need to reconsider the thesis that its a short squeeze? The most extreme example I can think of is GME, but using an extreme example is perhaps not the best if we want the most likely. But here we can see the high above 100 was never breached, and the pump which started on Jan 13 took almost a whole month to come back down to the similar levels from which it rose.
You could get 10 different answers to that question and they all might end up being correct. Stock is very weak compared to it's averages. Going to chop IMO. 176 then possibly 188ish. Re-evaluate at 190. If there's no economic downturn then grind to 270 over the course of a year.
Well there's my $168 level. Wonder if enough shorts have piled on today? If not, it'll start back down.
270? An automobile manufacturer already trading at a 60x PE and you expect it to rally 60%? Even the stupendous historic rally in the indices since early 2023 hasn't been enough to keep this turd flying high. The stock at 170 highlights what a shitshow the 2020-21 gamma-squeeze rally was to begin with. Yet, absent some kind of catastrophic catalyst, it takes a while for the air to leak out of the tires. I see 50% downside from here, easy.