Don,t take it personal. But I mistakenly wrote march 235 which should read March 215
Bought at 18,20 and sold at 44.5. Not bad in 2 weeks time. The other 50 % i let run untill expiry date next week unless a sharp drop in stockprice occurs in coming days. Time will eat the premium. Delicious.
Not a massive publicity campaign, a (service) organization worldwide in place, charging everywhere, no melagomanic plans like Giga factory. BMW, VW, Toyota, Nissan et all are going to eat Tesla,s lunch.
your reasoning is same as mine . But look at the tape. Yesterday started with bad news for Tesla, the market was bad and the volume for Tesla was normal and price was up. ILLOGICAL. The next day, today, the lines of support are mediocre and the price starts to slide. Just waiting when a big support is issued again or not. This NOT normal stock behavior. This is manifactured. How long and how far? Only the insiders know. For independent investors with a logical mind Tesla is a dangerous stock.
Money is free these days. No interest, so easy money. The FED is buying all US Treasuries and Bonds (worthless rubbish). With the help of Morgan Stanley Musk could buy all Tesla shares. His networth is high enough to guarantee the margin requirements. M&M, a marriage made in Heaven.
Just for your clarification. My way of shorting this "dream"is by writing naked calls. So everytime this dream spikes I write them and buy them back when the dream comes down. It works most of the time, not always but so far so good.
Last week there was a poster who wrote Do not cover yet, not at least untill AFTER next week Tuesday. So that is today. Was he in the know of the judgment in NJ? And if so, more sharks would be in the know so a defense for that announcement has been prepared. See what is happening.
My puts are also still Green! So maybe we are looking at the same screen. 238 is definitely the battleground. Yesterday it was the floor (which fell through), now it is resistance. End of the day price will be much lower (i believe).
That could be under "normal"conditions. Here are "investors"that are buying A DREAM. There are still people believing in Santa Claus. I am not one of them anymore. You may be?
Never seen such blatant manipulation as here! This will end bad for the bagholders (longs in the end)
All this talk about Tesla here and Tesla there. The car is a toy for people that got a took big bonus and/or salary. Just simply being the first. But the real market for Eltric Vehicles is diffirent. It will be hybrids. On a highwat EV only can drive only very limited distances. There is no infrastructure to overcome this problem in the foresseable 10 years. No other turns on your trip with a Tesla than specifically planned: to the next super charger station. No view for the children of the Grand Canyon. No we have to make the supercharger station. This whole Tesla story is going to crumble. And the winners will be the established names like Toyota, BMW, VW/Audi, Porsche etc Definitely NOT Tesla. Good luck with your astronomic rediculous valuation of a loss making venture. Yes I have a short position
The price movement of this stock is irrational. Could it be that the profits already in the coffers of the financial institutions that supported this stock all the way up is so HUGE that they can use the profit to shore up the stockprice when it is under pressure (as of the last days)? When selling volume is huge at the beginning of the trading day they FAIL but in lower volume days they PUSH up the price. (a consequently squeeze some shorts). The BIG Boys Game?
Tesla announces to spend % Billion on a factory, is loss making and produces a measly 30.000 cars per YEAR, and the stock shoots up 30 USD. Two days later they announce to open new dealerships in Europe (there is no money or infrastructure yet, but hey who cares?) and the stock shoots up 20 USD. All on future moneyspending. So now the rumour is that Tesla is going to open next year the first dealership on the moon and then 2 years later on Mars. Within 10 years Musk envisions dealerships on all planets in our SOLARsystem amd witin 25 years MUSK will open dealerships in the solar systems surrounding us, for now limiting the scope to the MILKY Way. Adam Jonas of Morgan Stanley is a full believer , non paid of course, of the plans of Mr Musk and will issue his new supportive report within weeks. For the moment Mr Jonas agrees that the sky is NOT the limit for Musk and Tesla and that MUSK will be the new Tsar of the UNIVERSE. Mr Jonas predicts the stockprice will reach USD 99.320,- in 2045. Mr Jonas is a visionary! The stock will shoot up at least USD300 on this announcement. Go for it!
When irrational exuberance hits the van such as these ridiculous "predictions"as AAPL to 1000 (a year ago) and now Tsla, you might expect the top in IN. A company with sales of 25.000 cars, no profit but with a lot of 'PLANS" which will cost a fortune to build (station fillers, battery factories etc). Where/when will the investors be rewarded by dividends? Forget it. It is not going to happen. This is a modern fairy tale where stock appreciation is the name of the game. There will be bag holders. When? Difficult to say but at the first serious hick up of this artificial bullish stockmarket, the "lucky"ones will lick their wounds. The validation of Tesla is in the MINDS of the investors, not in REALITY (in the real world). BMW and Toyota are gointg to produce much better and economic electric vehicles than Tesla. And that is all I have to say about that. Yes I have written naked calls at 220 and 250.
To my modest though serious opinion it is the right time to write some out of the money calls. I wrote yesterday and this morning the March 2014 , 215 for yesterday 12.8 and today 12. Let,s see :-)
And you are here only a year or so with lots of noise but no substance. So please go back in your craddle and enjoy all your own recommendations with yourself.