And we shall see and then we'll see what price may come. $$351 down to $333 or so I'll start covering shorts.
Anything Can Happen™
- Thread starter Gaslight Capital
- Start date
And we shall see and then we'll see what price may come. $$351 down to $333 or so I'll start covering shorts.
$TSLA I am not enamored of Elon Musk. I trade TSLA and still think we get to the 700's or even higher. But it is without a doubt a penny stock in ultracap clothing and history's biggest pump and eventual dump.
Everything about $TSLA is taken straight form the penny stock play book:
https://www.cnbc.com/2020/12/08/tesla-to-raise-up-to-5-billion-in-share-offering.html
To be fair, for $TSLA this is a tiny offering. But short term disruptive. How short? $TSLLA could be trading above $700 by the end of the day tomorrow. Below $607 it gets interesting, and below $597 it gets interesting, and below $571 I break out the pop corn.
Musk does understand what is going on with the stock - and he continues to periodically publicly ridicule its inflated price so that when the inevitable dump comes, he doesn't end up in prison like Bernie Ebbers.
Everything about $TSLA is taken straight form the penny stock play book:
https://www.cnbc.com/2020/12/08/tesla-to-raise-up-to-5-billion-in-share-offering.html
To be fair, for $TSLA this is a tiny offering. But short term disruptive. How short? $TSLLA could be trading above $700 by the end of the day tomorrow. Below $607 it gets interesting, and below $597 it gets interesting, and below $571 I break out the pop corn.
Musk does understand what is going on with the stock - and he continues to periodically publicly ridicule its inflated price so that when the inevitable dump comes, he doesn't end up in prison like Bernie Ebbers.
Still have this portion and will be watching how it opens and if it doesn't firm and rally I will be blowing out the door to day to free up capital for something more likely to move.
$ES still rolling right along, somehow. Still looking for $3825 +/- by Christmas Eve, and $5000 by the end of August 2021.
6 hours to “Fuel up” for 2/3rds the range of competative products, along with tigher ambient environmental operating temperatures have never excited me, and that is just during the day. Then again, Elon is a great marketer and people love the stock. Arguing otherwise has not been profitable beyond maybe a few days so far.
One way to play TSLA would be to pair TSLA with a major market index and focus on relative strength. It is not unusual to get early signals for a more directional trade as well. One can isolate relative alpha performance between single names and the general market and fine tune market exposure according to one’s market outlook this way. Further, when considering bullish plays on a single name and hedging beta adjusted deltas in ES, Spy, or another index, one can benefit from put skew using option spreads in puts to generate no or low cost convexity.
$ROKU
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