along with the rest of the market. Debt ceiling, lawsuit over hacking emails, market dropping selloff into the weekend, insiders selling like crazy, secondary offering, all time high here...would you keep holding?
Government shut down likely to occur and put major pressure on the indexes today. I'd expect heavy selling pressure into the close today since it will be officially announced to government employees if a furlough is likely to occur.
There is a chance some miracle happens and they pass a resolution, but it is unlikely.
I hope this is sarcasm. $7 is NOTHING. This pig is so bloated it should be down $170 premarket.
This is already priced for 50% growth 10 years out.
technically, every long is GREEN right now. At some point though, and I specualte VERY soon, that will change.
I have been on the sidelines on this 1 for a LONG time - yesterday was my first day shorting by loading up almost 17k into weekly puts. I wakeup this morning to a downgrade by 1 of the most bullish analysts so this trade might be HUGE.
This company is doing amazing things, it has just gotten WAY out of control for valuation. GOOD LUCK
You will be forced to sell these for pennies IMO this sells off down to 180-185 today and with the government shut down in full effect it closes the week below 175
It is a possibility but I think this will continue to sell off the rest of the week along with the market. One of the most bullish analysts on this stock has said this a.m. that its topped out. I'm expecting sub 180 by COB Friday. When GS mentioned similiar comments a few months ago it sold off $25.
AOL, JDSU circa 1999/2000 all over again - I think this downgrade is a start but it will take much much longer for this to unwind to reality. Great company as Musk is a masterful innovator but Wall Street has significantly gotten ahead of itself with this 1.
I think you're fine here. I expect the market to selloff huge tomorrow and Friday. I also bought puts this morning with priceline hovering around 1058 so I am slightly worried as well. If the government remains shut down into the weekend, I expect the Dow is 600-800 points lower than it is now by the close on Friday.