Definitely in a bubble but we will go back up before we go down. This is classic behaviour.
I expect we hit 850 - 880 before go back down again. I think the shake out of 30% from it's peak means we probably won't see the highs again.... could be wrong
Unfortunately I couldn't hang on - I broke my own trading rules and ended up down! Was 650 shares short (500 in £ denom) so it's kind of hard to watch where it is right now.... would have been a few hundred £k. Never mind. More bubbles will pop. But I probably won't be as aggressive next time!!
This thread's gone pretty quiet. Who doesn't like a CEO talking down the stock? Such great leadership....
I'm expecting Tesla to get down to 200-300 before it takes off again... way to overvalued now...damn interesting stock to follow for sure !
cc
BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
“I think the people are going to be very angry about this and are very angry. It’s like somebody should be, if somebody wants to stay in the house that’s great, they should be allowed to stay in the house and they should not be compelled to leave. But to say that they cannot leave their house, and they will be arrested if they do, this is fascist. This is not democratic. This is not freedom. Give people back their goddamn freedom."
“So the expansion of the shelter in place or as frankly I would call it forcibly imprisoning people in their homes, against all their constitutional rights, but that’s my opinion, and breaking people’s freedoms in ways that are horrible and wrong, and not why people came to America or built this country. What the f---. Excuse me. It’s outrage, it’s an outrage. It will cause great harm not just to Tesla, but to many companies. And while Tesla will weather the storm there are many small companies that will not,” he said. https://www.cnbc.com/2020/04/29/elon...twitter%7Cmain
“I think the people are going to be very angry about this and are very angry. It’s like somebody should be, if somebody wants to stay in the house that’s great, they should be allowed to stay in the house and they should not be compelled to leave. But to say that they cannot leave their house, and they will be arrested if they do, this is fascist. This is not democratic. This is not freedom. Give people back their goddamn freedom."
“So the expansion of the shelter in place or as frankly I would call it forcibly imprisoning people in their homes, against all their constitutional rights, but that’s my opinion, and breaking people’s freedoms in ways that are horrible and wrong, and not why people came to America or built this country. What the f---. Excuse me. It’s outrage, it’s an outrage. It will cause great harm not just to Tesla, but to many companies. And while Tesla will weather the storm there are many small companies that will not,” he said. https://www.cnbc.com/2020/04/29/elon...twitter%7Cmain
Yeah and I think a few mins later the call had "technical difficulties". What a complete loose cannon. Can't see why anyone in their right mind would invest in this company. At any moment the CEO can jump on twitter and effect the stock price by significant amounts then goes into crazy tirades on investor calls. Great entertainment (if you aren't an investor).
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