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Tesla Motors, Inc. (TSLA) Message Board

  • cavanyc@sbcglobal.net cavanyc Jul 30, 2013 12:16 PM Flag

    TODAY WAS THE BLOW OFF TOP

    CLASSIC BLOW OFF

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    • Missing volume. A "classic" blowoff top would gap up to new highs on some news and volume event. This is not even close to a classic blowoff. This is some weak handed holders that are taking money off the table heading into earnings. Likely some smart money that has large profits built in and is hedging by lightening their position. Also some fresh shorts looking to gamble on earnings, they haven;t had enough yet. All in all nothing is signaling a blow off, if anything it is more of a rest before the next big move higher. Personally, I wouldn't buy here, but that is likely why it is going higher, that is the harder trade to make. Easy to sell something so "overvalued" by the "pros". Easy to sell something that has run so dramatically. The easy trades rarely work out.

 
TSLA
248.44+0.35(+0.14%)Nov 26 4:00 PMEST

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