I don't think it will go bankrupt. But it might take a trip back to test the $6 low again. I should have waited on buying.
I picked up 1,000 shares at 8.35, very close to the LOD !! That doesn't happen to me often. Not that it won't go lower later on, but looks like a decent entry for now.
There is no reason to hold onto a stock that goes parabolic long term. Parabolic rises never EVER hold. Now, the hard part is figuring out where the bottom is...where she stops nobody knows.
$135 is the line in the sand. If TSLA can top that, it may fuel a short squeeze. I also agree that it is going to head back down, but I'm not shorting it yet. I still have a long trade, was hoping for a bit more on the upside.
You may time it right for a bounce. I had closed out the shorts and tried for a bounce a little too early. It will bounce a few times on the road to the 60's or 70's IMO.
I tried to play for a bounce but I'm getting killed. I'm going to cut and run. This is likely to fall to 75 bucks IMO. It will have some bounces along the way, but the party is over. There hasn't been enough blood-letting yet for a contrarian play, this is more like the "falling knife" . The bottom is not in yet IMO.
The funds sold a couple months ago. mom and pop bid it up to the peak, and are now getting killed.
Thanks! So we have to be positioned tomorrow for any earnings play. I am happier when reporting is after the bell, so you know right away and don't have to sleep on it before knowing!
Last earnings, it gapped down and went sideways for almost 3 weeks, popped nicely and gthen drifted back down. It stayed in a range until this earnings - and another gap down.
Nothing yet, the other couple of trades were at 7.18 or 7.19
I think there is a good chance of sub 100, parabolic moves always retrace a good portion of the move. It went way too far, way too fast. I am bummed that I closed out my puts too soon!! I think the better bet is to short on the next bounce.
I was afraid to stick my neck out. So I only sold some call spreads. Those will be winners, but small gains. It might be a good short from here, the party is over (for now) IMO.