No way Pek. Its going down. $240's minimum.
$TSLA
- Thread starter Phill Twist
- Start date
No way Pek. Its going down. $240's minimum.
240 isn't much down. It can stay between 230-270, that is still range bound. The time for the big drop is not here yet...
With such a high short interest, I suspect it'll be an incredibly volatile stair-step down. IE up $4 one hour, down $5 the next. Then up $7. Carbon copies of Thursday and Friday in a way.
Buy the leaps and sell the near term against them to recoup the high premium. That's what I'm thinking.
There is NO WAY this thing stands a year from now.
That article in Seeking Alpha made some great points about releasing a mass produced vehicle before beta-testing it for problems. Holy cow... if Toyota does it for years in advance and they still get recalls....pfff.... Sorry Elon.... your house of cards is gonna collapse.
Pek.... I think it may happen sooner than you think.
I sold some puts back in January. Right now I would sell vertical calls (not naked calls), little capital tied down and time pays you even if the stock is sideways. Also risk is limited, just in case God shows up naming Elon the next Messiah.
I think selling puts is still OK after every 20 bucks drop, because it still keeps bouncing back. Until the HFs lose faith, everything is A-OK.
I think selling puts is still OK after every 20 bucks drop, because it still keeps bouncing back. Until the HFs lose faith, everything is A-OK.
As long as they're not naked puts and you've got em covered with leaps its OK.
I agree, it bounces back... but I suspect one day we're gonna see a $50 gap DOWN followed by another $25.
Part of me says this is the easiest money I have ever seen. The other part rings alarm bells when I think that.
That being said.... I'm going with the first part. Wall Street is too smart. The big $'s will NEVER be bag-holders. Its time has come. Chris Mac's $150 prediction is not far off.
Edit..........
I agree, it bounces back... but I suspect one day we're gonna see a $50 gap DOWN followed by another $25.
Part of me says this is the easiest money I have ever seen. The other part rings alarm bells when I think that.
That being said.... I'm going with the first part. Wall Street is too smart. The big $'s will NEVER be bag-holders. Its time has come. Chris Mac's $150 prediction is not far off.
Edit..........
ROTFLMAO!
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Highly doubt this goes down. Bears have no ammunition and M3 production is on schedule.
There's the $255's
TSLA may finally give up recent strong YTD performance but too early to tell if market heads South that will be
