and its called a "head fake", Not only will market close Red today but Oil will follow.
“U.S. crude oil inventories are at the highest level for this time of year in at least the last 80 years,” the EIA said in the report.
So best to short spy or take your profit now. When Greece runs out of money its game over. Greece's government has about a month's worth of cash left. Maybe only three weeks, in a worst-case scenario. That's according to sources inside the government who spoke to Bloomberg.
Dow down 200 points Monday if Merkel and Hollande leave Russia empty handed with only bad vodka on their breath.
Obama give green light for U.S. arms to Ukraine
Putin says he can't control Ukraine (Russian) puppets
Greece says "we leave before we pay back 1 Euro"
Iran moves closer to attacking Israel (and blaming Isis for it)
More missed earnings on stronger dollar
China free fall economy keep free falling
and why would you want an electric car that only goes 300 miles when gas is going to be so cheap you can get a huge V8 and drive into the sunset for peanuts. Tesla only works when gas is over $4 a gallon.
Doesn't look good for longs since the stock could easily open $180 or lower tomorrow. Musk just showed a huge miss.
$204 now and falling who knows how far. If we break under $200 tomorrow, it could really fall as Longs panic and sell before they lose all their profit. If they haven't lost enough already.
Tesla said its 2015 capital spending is expected to be about $1.5 billion. So now the question is when does Tesla run out of money since they are losing their shirt in China and other overseas ventures? You can't grow a company when your main product is no longer wanted due to $2 at the pump and limited driving range. Home batteries anyone???
Good move - with the stock headed (short term) to $150 range getting out now was smart. You can always buy back later but who knows where the bottom is. I hated Tesla earnings's call but even worse was the "spin" Musk put on things - like weather, production delays, customers not buying, etc. The guy was "reaching" for anything he could to justify his ugly quarter. Selling now is the only prudent thing to do since the future looks so grim.
Well weather was great over February, March and April and I'm now here to tell you sales declined again and it was not due to the weather. What caused the "big miss" again was that consumers were enjoying the great weather from coast to coast they simply didn't have time to buy our electric cars. Sure low pump prices, outrages car prices, China market shelved and "mostly importantly" low demand for our product hurt our earnings. But really the main reason for the "MISS" was just Plain Good Weather.
and they say "bad things always come in threes".
Truth - you hit the nail on the head. Tesla is in trouble and investors will not to own the stock with declining revenue coming over the next several quarters. No one knows where the bottom is but any investors with a "sound mind" will tell you don't buy in until you see some buy or strong buy signals. Unfortunately now you will be seeing a lot more "sell" signals versus the opposite.
Yes - Tesla is sure looking like the Titanic now with one difference. Musk certainly won't go down with the ship since he has to survive to continue making up excuses for his company's missed quarter.
because it knows Volatility is coming back in spades next week. Lots of train wrecks coming and we all know the Fed is getting closer to a rate hike in May - June. Market won't like the smell of that nor the Greece Default coming.
"As long as the Greek government doesn't want a program I don't have to think about options," he added. Game over boys since new Greece Government offers nothing but stalls, delays and lies. Not the way to do business with the Germans.
Boy - this cease-fore only lasted 24 hours, if that. Seems Ukraine Rebels with Russian support think the Merkel - Hollande ceasefire agreement is a joke. Time for Obama to send in U.S. military hardware to support the Ukraine army that is fighting for their lives.