$TSLA

TSLA looks really strong even amid a huge market down day. $330 seems to be a given within a couple of days.

UPDATE: $330. hit. I'm closing my Calls. Wait for a pull back and consider getting back in.
 
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Bad News hit. Criminal probe deepening. Man, that's quick. :D Glad that I got 2 Puts in time.

While the investigation is about past production numbers, traders may assume that the current numbers (production AND others) may be suspect. Of course, shorts have long assumed the Q3 numbers are cooked to a certain degree.
 
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"We have not received a subpoena, a request for testimony, or any other formal process, and there have been no additional document requests about this from the Department of Justice for months," the spokesperson said in an email.
 
Here4money said:
https://electrek.co/2018/10/26/tesla-tsla-momentum-stops-report-fbi-probe/

Tesla (TSLA) momentum stops on report that FBI probe is ramping up
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Of course. The news can be a sign / hint that more actions by the FBI are forthcoming in the following weeks or months. While I guess it's possible for TSLA to continue going up in the short term, buyers and speculators will be more circumspect and less aggressive, and they will set tighter stop loss points. New shorts might start aggressively piling up if TSLA hits $345 - $350, thereby hindering the climb. And AFAIK there are still outstanding / open SEC investigations on other issues.

SunTrader said:
Obviously headline was premature - time stamped Oct. 26th 2018 3:24 pm ET since chart shows it was bought into the close. Didn't you notice?
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"Obviously ... premature"???? That's not something you claim less than 24 hours after the news release. Besides, TSLA dropped from ~$338 to ~$315 in less than 15 minutes, and traded back and forth between $315 & $320 for another 15 minutes -- more than enough time for people who had shorted (or bought Puts) at $330 - $340 to take big and quick profits.

Yeah it slowly climbed back to $330 toward the close. So what? The quick money made from the dive is still good and real. No?

SunTrader said:
"We have not received a subpoena, a request for testimony, or any other formal process, and there have been no additional document requests about this from the Department of Justice for months," the spokesperson said in an email.
More...

That's supposed to show what? That the WSJ statement about deepening FBI investigation is false? If so, it's a fallacious inference.
 
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I don't think this investigation should belong to the FBI. Maybe SEC, but the FBI should be concerned with terrorism, drugs and what not.

Anyway, the only thing he can get caught for is when his Chief Engineer told him there was no way they make 5K/week by the end of 2017, nevertheless the idiot still said so at the EC... Being overly optimistic isn't a crime, outright lying to boost price is....
 
Time to go on a bear hunt.
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