TSLA is going to $555 in a hurry. It could be back above $700 in just days. He should cover and go long.
I have shorted 50 shares of Tesla at 407.00, do i hold or Short more ?
- Thread starter TradeTune
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TSLA is going to $555 in a hurry. It could be back above $700 in just days. He should cover and go long.
as of now, most stock markets are rather bullish
Calm down. No need to hype an already hyped company....we get it its tesla the stock of all mighty stocks...
Your first and most serious error is in looking at a heavily traded and volatile stock that has a large percentage of its shares held short.
When the stock begins to rally, shorts will be quick to cover, as well they should given the history of the stock leaving shorts in the dust.
Tesla as volatile it is can easily trade below 250. Everyone is feeling the Euphoria once again the last 2 trading sessions because of the rally, but we all know how quickly things reverse. Tesla is hype. Its a favorite stock for new traders to trade and of course if you say you shorted tsla people will call you out on it but I see tesla dropping below 400 again.
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WHY short strength ??IF one never noticed 1999 shorting tech;
live + learn to cut losses...…………………………………………………………. IF one likes to lose; could short more, I would not + dont try that @ home. Most of my money has been made on long hi PE tech stocks in an etf……………………………………………………………………………………………….Most likely you could make more /lose less on sqqq,but dont trade it like you did tsla.
Not hyping, speaking truth. Not my fault you don't see what I see. Not many do.
Indeed!