BRAVO! You've almost become the poster child for TSLA Longs!
...Been in the "Market" for 6 decades...arguably, it's not a real market anymore...reacts only to investment bank algorithms, rather than real events...BUT: All momentum runs come to an end.
This last 3 months super-rally is on far lower volume than two years ago...yet it has not even regained the highs of 10 months ago. The probability is fairly high that this rally will fail..and soon.
Maybe within the next week. The insane "targets" of major analysts are absurd. Stop losses are quietly being placed...and the actual "target" could be 211...not some skyhigh 300-400+ Some longs, in at 30, or even 120 have done very well. Taking a 900% gain..or even a 250% profit wouldn't hurt...and it could be quite shrewd at this time. Tesla may succeed..or it may fail...more like roulet now than a "sure thing".
Barron's: "Yes, Virginia, there IS a Santa Claus!" "Yes..TSLA could go to 400" (..or to 200).
The real problem with TSLA stock price is when Tesla DOES generate eps...the the stock has to reflect some kind of sane PE.....that means a terrible decline from the current quote. Of course, this is all hypothetical, since Tesla may never generate eps for its shareholders.
"Here's how many dollars I want from the Market by 2020". But what does either headline have to do with reality?
No Mkt correction before 2030?....in the unlikely event that one comes...TSLA is toast with no eps. How about looking at NOW on the chart: 246 support just barely held today, even with all the sedan hoopla. When 246 is broken in another weak Mkt day, TSLA's next stop is 221. That NOW, not 2030.
No more news. No more momo. Chartist will now start getting very impatient.
All Shorts have to do is wait. Momo is gone. The slight drop to 250 from 251 may seem nothing.
But it dipped the important chart "Ultimate Oscillator" into negative territory....meaning nothing to hype-sters, but rather significant to chart traders.
The thrill is gone.
Where are the savings from this investment in Utility Cos. grid batteries? Shouldn't the solar be USED during peak demand? Oh, well...Irish, Southern and CA Utility cos. can discover this for themselves when/if TSLA delivers those big battery packs for testing the theory. More Pie-in-sky.
Without a Mkt Crash, nor even a minor Correction, TSLA's astro-PE stock is slowly being abandoned by other hi-fliers slides: Z, LNKD, YELP, LL, CMG, GMCR, TWTR...and now even SHAK. A matter of time...but inevitable.
More significant support is at 240.
..and a continued Bull Mkt....now growing less likely. Kind of a weird name, too. Now
RAM...there's a snappy name.
Speaking of running out of juice....there's that Tesla production cash burn that startles thoughtful brokers.
How long?...2 months...4 months? Lots of payrolls to meet, especially out in Nevada.
Obvious desperate support efforts...using shortsqueeze tactics.