Tesla 2020
- Thread starter nursebee
- Start date
Close it at $428 now.
You're welcome.
Well, I knew it was gonna drop, but its at $412 now. Didn't think it would go that low in one day. Oh well.
See what so many here miss is that TSLA does the EXACT OPPOSITE of what most people think it will do.
All day long yesterday I'm reading threads here about how the split will make it go up since more folks can buy it. "History has shown every great stock that splits always goes up after the split."
There's certainly a high degree of truth to that. But this is TSLA. It always moves to take the most amount of money from the most people.
Does anyone here really think damn near every short didn't bail out before the split?
Of course they did!
What no more shorts?
Then there's only one direction it can go.
Down.
Rinse wash repeat.
EDIT: In the time it took me to write that it went from 405 to 427.
.... ya gotta love this stock.
See what so many here miss is that TSLA does the EXACT OPPOSITE of what most people think it will do.
All day long yesterday I'm reading threads here about how the split will make it go up since more folks can buy it. "History has shown every great stock that splits always goes up after the split."
There's certainly a high degree of truth to that. But this is TSLA. It always moves to take the most amount of money from the most people.
Does anyone here really think damn near every short didn't bail out before the split?
Of course they did!
What no more shorts?
Then there's only one direction it can go.
Down.
Rinse wash repeat.
EDIT: In the time it took me to write that it went from 405 to 427.
.... ya gotta love this stock.
Good job
If they are clearing out stops, why not go below 400?
Yeah well, how long have you been in the game?
I mean just off the top of my head Apple has split 5 times, MSFT has split at least a half dozen times, as has Wallyworld.
I'm sure there are exceptions.
GE had a bunch over the years.
But these are all looking back over the long term and that's not the point I'm making here.
My personal experience, and it was certainly parroted in the financial media for the last week or so, is that the price action off a high flyer that splits is more than likely gonna be up.
But whatever.
EDIT... oh ok, I mistook you for VicBee. You've been around a bit.
yeah well those stocks all moved up over time, not some giant burst at split time
some charts
https://teslamotorsclub.com/tmc/threads/stock-splits-study-of-the-action-in-history.205029/
link their from bukowski, splits are big nothinburger