I passed on the IPO & couldn't believe the initial pop this thing got. It's a sandwich shop for crying out loud. That's one of the best ways I know to go broke. Why anyone would own it is beyond me.
@Otis....what I meant was it needs to hold the 148/149 range. Not that I would continue to hold it. If we don't get some kind of bounce in the general market next week (The SPY, QQQ, IBB, etc., are breaking down) then I'll let it go. Risking 3 points down, for 10 points up is reasonable here.
Cockroaches lawyers ...(we have way to many lawyers in this country).....there will be more tomorrow. The big boys who own most of the stock will take the money and move on, and if the cockroaches can get a dime for the little retail guys, they will keep 9 cents of that. Business as usual, the takers get the honey, the givers sing the blues.
You really shouldn't be. These PE guys NEVER pay top dollar, or even full value for supermarkets. It happens every time. After the Bruno's plane crash and the stock tanked, they bought it for less than it was trading for @ the time.
So here we see it back up near the resistance two weeks later. It held the 50 area. Buying the dips still looks like the better way to go than trying to short to 45. Shorting almost anything in this market is pretty tough, and this one wouldn't be anywhere near my favorite.
And yet Volkswagen isn't even a top rated car. Go figure. Wal-Mart sells more than Macy's & Tiffany's combined. GL
There was a 3% difference just today. Meaning, TSLA was UP 2.3% on this lousy day in general, and F as expected, lost 1.2%.
Tesla is a long way from Kiev.
The answer is, of course. A better question is how could anyone trade the markets, without knowing the answer to that question?
There aren't any naked shorts here. 99.9% of the shorts are institutional protecting their long positions. There is very little retail ownership here. What there is, should sell, sell, sell, until they no longer hold single share.
I joke around a lot with this board but one thing cannot be denied by anyone. This stocks trades VERY poorly and The Street isn't interested in it at all. It trades really pathetic volume, which to me just shows how uninterested the Street and the big guys are. It has zero momo. It's still below it's 50 and 200 day moving averages so even the tech guys hate it.
Back when it was $18 in early 2011, it did 80-90 sometimes 100 million share days. Now, ADV is less than half that. It has even been widely reported that the big funds and hedgies that really move stocks are even more interested in GM than F. That was easy to see when GM disappointed, it bounced right back after it dipped to 33. F actually beat lowered expectations, traded to 16 and fell by the end of the day and hasn't been back to 16 since.
The old saying that you buy stocks that go up, just means you don't care about F. No matter what news is out, it DOESN'T go up.
Retail shorts gonna get scorched. Between management and the big boys, very little retail holdings. The big boys will take this exactly where they want to, and that's up.