If you trace trendlines from the 193 top downward and the 115 intraday low upward, you find these two lines intersected a couple of days ago. One of these trends was going to dominate the other and it appears the down trend has turned out to be the winner after a two week battle. This price action has been confirmed in the last two days as the buyers are finally throwing in the towel and heading for the door. They know the easy money has been made off the 115 low and don't want to be holding this stock when the earnings (losings) report comes out next month for fear of the same violent downward action we saw after the 3Q 10Q release. This stock can definately take out 115 in the next 45 - 60 days and a retest of 100 is certainly in the cards. Elon can huff and puff and pump all he wants but it will be obvious to all that the emperor has no clothes. Beware Longs... you have been warned! "Stay short my friends!"
Sentiment: Strong Sell