Anybody think there is some profit taking going on?
Tesla needs to quit burning the candle or in their case car, at both ends and solve the crash and burn problem with their cars/stock/and material flow for production. Might buy again at $84. unless the market has more news on Tesla Mfg. problems.
Sorry, I was think out loud. The reasoning behind the statement has to to with their website showing just how spread out they are as a company. Their overhead and management costs i believe will eat away at their growth as it has in the past and undermine their earning results, that's all.
Although earnings at SLCA grew over the last twelve months, they failed to keep pace with the growth in revenues. This may mean that the company is becoming less efficient at using its resources. Additionally, the average company in the Metals & Mining industry was able to grow earnings at a faster rate than SLCA.
Today the tail could wag the dog. What's with the increase is short positions? Was looking to go long, but the shorts are strongly against this stock.