Black swans are always possible, the last one, the surprise Brexit vote turned out to be about as false a catalyst as one could get. If you are waiting for a terrorist attack you will probably be disappointed. If this market goes down, it will go down for the old fashioned reasons, disappointing earnings, tepid guidance, slowing growth. TSLA has all of those things, but continues to hold up.
If the market crashes? Right now that does not look remotely possible. Earnings would have to be particularly bad for this market to crash, and no one is predicting that. That being said no one doubts that TSLA is being buoyed by a rising market. A few down days would send it below $210.00 for sure. That being said the resilience of this stock is something to behold. Despite nothing but bad news for weeks, unless you count Musk's "Secret master plan" as good news the stock continues to rise. Yet is you watch most of the talking heads on CNBC virtually none are buying or even own it. Somebody is buying, and I cannot believe it is just retail types drinking the Muskade.
Plausable, don't know why they would have to be leaked. There is enough speculation to drive the stock without leaked numbers.
The only thing you can hope for are bad sales numbers on Tuesday, and even then the buying respite would only be short. Did anybody think that much of the buying this morning was short covering? After to 20 point 10% move in the last 5 days there had to be a few who were throwing in the towel.
It is very difficult to be a short in this company. The negatives are too numerous to mention but it continues to defy gravity. A strong market certainly helps, but the cult that surrounds Musk is unlike anything I have seen in 35 years of investing. It is almost like the more negatives the higher it goes. The old saying that the market can remain irrational longer than you can remain solvent has never rung truer than with TSLA.
in the red. And I thought it would touch $205, $200 if the market was red. Someday this thing is going to fall. But that day is not this day. Any selling is immediately met with buying
True, who knows when it is all said and done today we might be flat to down slightly. The resilience of this stock is a thing to behold. The only thing that will send it lower are bad numbers, and even that only works for a while.
You are on the pipe. This news will take it to $205, perhaps $200. This is not the blow so many shorts are waiting for. No stock absorbs bad news like TSLA. I don't believe any stock ever has.
Unfortunately I think you are right, unless the market tanks in which case I think it will dive lower. Days before major Holidays are always tough to predict, volume tends to be light so a bit of bad news can get magnified, but like you said bad news and this stock get along quite well.
Damage seems to be limited to 2.5-3%. The stock can move that much on any given day for absolutely no reason. Tomorrow will be interesting on a pre holiday low volume day. If the market is higher the damage to TSLA will be minimal. If the market decides to give back 200 pints we might see a 5% lower move
Sorry it comes with the territory. As a newbie to this board but with more than a decade of experience on other boards I can tell you this board is pretty good. Much information from all over. However considering the profile of TSLA a certain amount of trolling both long and short is to be expected. Don't like it? Try trading in a company that trades less than a million shares a day, and go to their message boards. You will find that you are talking mostly to yourself.
with the market today. Breather from its recent three day run? Holding breath on quarterly sales results? Resistance as we are just below 50, 100, 200 DMA's ? All of the above? Opinions welcome.
I would not call .9% "gapping up." Believe me if this market moves south for any reason TSLA will follow. BTW if you are looking for TSLA to "make sense" you are looking at the wrong stock.
Perhaps, but premarket is higher. And the overall market is set to open higher, although that is slipping. You are right, there is probably no individual stock that attracts the attention of option speculators more than TSLA. Mostly because it is almost always volatile.
Fooled me, I thought this Brexit business would keep the S&P 500 around 2000 for the rest of the Summer. Two day 5.5% move is almost 75% made up. A test of recent lows? Doesn't look like it is in the cards right now.