Elon has just sold 8 MM TSLA shares
- Thread starter Pekelo
- Start date
It's good risk management I guess. Had he kept everything, the fact the shares might fall 90% further would have been a tremendous risk to him, but he will have materially reduced the impact of by that risk by having offloaded a comparatively smaller portion of his original shares at what might in retrospect prove to be very favorable prices. Of course, nobody should put any weight to these out of the air numbers of mine (i.e. not a recommendation to short TSLA from my part).
Especially the no further sales after today ... back in March. Outright lie if you can get away with it is how it works nowadays.
Not really, his wording allowed for unplanned sales.
He sold. Not he is going to sell. Although with the StonerCEO ya neva kno.
Anyway on my chart TSLA is down -2.701% from the open. Yesterday's close is history, in the books, done. Today is what matters. And today the markets are ripping higher if you hadn't noticed. Why not TSLA? Though I did notice today my Tom DeMark TD Pressure indicator is expecting a daily low soon.
It's up $20... But I'm looking for a sub 800 drop before a swing back to a 1000 peak right prior to the 08/25 split.
Folks that bought at the open (fahgettabout the high) are down $24 but you stay content that it is "up".