market up - CMG is up further, market down, CMG is up....there is no rhyme or reason - this is way over priced and overvalued - retail is not even participating in this bogus run up. It should have been back at 500 by now - at the very least.
this stock is totally manipulated like PCLN, AZO, and SHLD (at some times), there is absolutely no justification that I see it trading at the multiples and price value of above Apple - be that as it may, someone(s) are keeping it elevated - so I am out - taking my huge huge loss and make up elsewhere.
I don't understand it....it never goes down, it appears to be consolidating at 529/530 level and has not had any meaningful pullback to 500 since going up 70 plus points after an Earning Miss....this makes no sense - someone big must be holding it up - the question is why - who wants this stock at 530.
all things considered - still one of the most amazing up moves in one day.
way out of whack.
It did not get to 200 the first time it was being hyped to 200, in fact, it did a stark reversal. I see the same thing here. You will be completely blindsided if you do not sell before the close today or the first few days of October. The ONLY reason this is up is for fund managers to say to their clients, hey we have portfolio margin, so we can buy 5 to 1 vs. a retail investor to keep the stock up and keep a bid under - the average high net worth individual does not get it or understand it - and the govt is too weak, too low in numbers, and to stupid to figure out how to stop it - and so the game goes on. Don't get me wrong, great day to stay long for a while and probably through the end of the day, because the weak minded hedge funders must keep this on their books til the end of the day. But so as not to incite a serious SEC investigation, the selling won't probably start tomorrow, but it will begin in a day or so. Back to 175 by Friday.
Fund Managers want to show that TSLA is on their books. After tomorrow, expect a 12 point drop at the very least.
I perceive TSLA at 160 by next Friday.
it may go to 200 next week too, but not before it goes to 175 and touches it .
What is the purpose of fundamentals or technicals when you have a stock like TSLA that defies all reason - oh, right, hedge fund players and firms have got to get paid. Govt too weak to find those who are bidding up the price or keeping a bid underneath so it won't go below a certain price. Like 188 or 187. It's a game as old as any other.
In an newly anointed stock to the moon - reports are coming out that no one is selling and everyone keeps buying and buying and buying - so there is no choice but to join and buy and buy and buy. Let it go to 220 - it's not even a realistic stock any more - now it's just a trading game.
Now at 190 - now they are just being stupid to try to twerk their returns for 3rd quarter. I see a 30 point drop in the very near future.
Fastest Rise Ever - Enjoy the rides long because the shorts are going to have a massive day in the near future.
May not crash today or tomorrow but this is crashing very soon.
Why - because there are more money to be made now from the downside on TSLA than the upside. I would not be surprised if some big institutions SOLD tomorrow.