I have shorted 50 shares of Tesla at 407.00, do i hold or Short more ?
- Thread starter TradeTune
- Start date
Nah!
You got to know when to hold them when to fold them.The Gambler
Kenny Rogers
On a warm summer's evening
On a train bound for nowhere
I met up with the gambler
We were both too tired to sleep
So we took turns a-starin'
Out the window at the darkness
The boredom overtook us
And he began to speak
He said, "Son, I've made a life
Out of readin' people's faces
Knowin' what the cards were
By the way they held their eyes
So if you don't mind my sayin'
I can see you're out of aces
For a taste of your whiskey
I'll give you some advice"
So I handed him my bottle
And he drank down my last swallow
Then he bummed a cigarette
And asked me for a light
And the night got deathly quiet
And his face lost all expression
Said, "If you're gonna play the game, boy
You gotta learn to play it right
You've got to know when to hold 'em
Know when to fold 'em
Know when
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How many shares you short now?
Just 50 shares ... i don't have to add now, because i bought at 407.00, didn't use any margin.
i will add if it goes to 550. But i don't think so, it will crash before gets to that level.
Really? What makes you so sure?
- Tesla was at $45 last October and went to $500 ...That's 1000% gain in less than a year.
- Tons of kids are using leverage and adding to Tesla gain
- 21 Billions short sellers money at 280-310 range ( i shorted much higher)
- Tesla P/E at around 1000, which is ridiculous
- Tesla competitors make 20 million cars, Tesla, half million ... Can competitors say they will copy what products Tesla brings and remember Tesla factory is in china now
I posted this on July 2, 2020
I am posting this now: TSLA to $555, then higher, possibly to $727. Timing? A few weeks to a month.
Everything you say may be true, and none of it matters. Tesla bears have been wrong for 2000 points, and they will likely be wrong for 8000 more.
why you think Tesla has Valuation at these levels today? I think people are buying into Elon musk, not the company. tell me why it goes that high ?
Fundamentals are meaningless right now with trillions in free money from the Fed. Even without the Fed there are a ton of underlying fundamentals retail traders such as yourself will never be aware of. Personally I think the market will fall more, but remember one point and one quote. Probability does not equal absolute, and markets can remain irrational longer then you can remain solvent.
Tesla is trending down, and after hours it can be close to 430, and another gap down tomorrow it will be at 400 level or below ...
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