IBD will refer to a stock chart pattern called cup and handle. Before ER jones traded in low 50s. If you look back to a year ago the stock also traded in the low 50s. That is the cup. The trading now is, I believe the handle. A few months trading in the 40 to 50 range will be healthy long term. The jury is still out but if and when it goes thru the low 50 with decent volume, the "turn around" will have been complete and the stock price will move higher over time.
and the car was going over 100 mph.. I am a bear on the stock but this type of comment in totally out of line
I shorted some today at 232. This is more a technical short than fundamental. There is an expression: If a market cant go down on bad news, it has no where to go but up. Seems today that statement holds true. I will have my order in to short some more at 242.
NUT You have lost all credibility. You have been singing this banko sith for years. They sign a 7 11 deal and all you can say is not enough $$$ to float the deal. Cue has delivered on everything she has said. Is your pride ever going to allow you to say you are wrong.
My Scottstrade options window shows that there were NO trades today for any Jan 2017 options for strike price $5. to $15.00
I was short from 265 and covered at 199.50. I have reshorted between 240 and 250. I trade for a more technical perspective. Chart analysis says TSLA is cooked.
Rick Pay your money and take your chances. I trade from a technical perspective and the back of this bull run has been broken. Also the fundamentals support my position. This stock is grossly over valued.
I was short at 265 and covered at 199.95. I re shorted today at 228.37 when it could not push thru the high from this morning. The bull is hurting. Sell any rally