Tesla is going up because shorts have capitulated and every fund manager wants it seen in his portfolio ( window dressing). Also contributing are analyst throwing 3000-3500 targets on it.
NKLA vs TSLA
- Thread starter TimtheEnchanter
- Start date
yes exactly so you would pair trade it against nikola
this looks like a terrific entry point
ill keep posting the update every few weeks.
this is long nkla short tesla
because 90% of most retail traders never scrape together 25k most never short and most never understand how to pairs trade because it requires shorting stock.
you could do this with option bull and put spreads but time value erosion is not friendly and this is not a short term trade
ill keep posting the update every few weeks.
this is long nkla short tesla
because 90% of most retail traders never scrape together 25k most never short and most never understand how to pairs trade because it requires shorting stock.
you could do this with option bull and put spreads but time value erosion is not friendly and this is not a short term trade
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Stock splits during the dot com bubble seemed to signify the needle that popped it. I predict after the split, TSLA will drop and most likely will never trade above $450 and definitely never above $500. At least not for a good 5-10 years. We will see the stock drop to sub $100 by year end.
Do you have any idea how you came up with a correlation coefficient? if so you didnt post anything
was it end of day intraday hourly by the minute by the second. like i said i will keep posting my short tesla long nikola trade. correlation is often here today gone tomorrow.
thats not a problem for me. i would say a lot of correlation makes it a crowded trade.
keep checking back.
i just saw u havent calculated a recent correlation. it doesnt really matter in parabolic mkts. everything turns to correlation in parabolic mkts. thats one way pros test for parabola
was it end of day intraday hourly by the minute by the second. like i said i will keep posting my short tesla long nikola trade. correlation is often here today gone tomorrow.
thats not a problem for me. i would say a lot of correlation makes it a crowded trade.
keep checking back.
i just saw u havent calculated a recent correlation. it doesnt really matter in parabolic mkts. everything turns to correlation in parabolic mkts. thats one way pros test for parabola
No one can predict a bubble top, only it will happen at some point.
TSLA could run to $1000 after the split. The robinhood crowd is dumb money, even more could pile in now that TSLA is 'fives time cheaper' after the split.