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  1. #1001
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    IMG_8251.jpg
    And today we go the other way - probably result of the Fed being more hawkish in its rhetoric which took the NASDAQ down just over 2% today...

  2. #1002
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    This has the potential to be brutal imo. Pre-market trading at 991 and while the pre-market can sometimes be nothing, trading below 1000 is notable.

  3. #1003
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    Yes it was, closed at 975.93 (-4.83%) - previous close 1025.49
    Nasdaq and other major markets down as well
    Shanghai factory still closed
    10 year US Treasury yield near 3 year high - key inflation data expected Tuesday

  4. #1004
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    Volumes have been lightening up a lot and that is not a good sign. The moves that have been occurring have been on thin volume which suggests that the instos aren't playing just traders and private clients. I have heard that retail interest is waning across the board, in the US, Aust and here. Maybe the interest rate rises are real to them at home with the mortgage, who knows. But imo Musk talking about getting into lithium mining is bad news and shows a lack of coherent strategy. The new EV launches are now coming thick and fast. I pointed out last year Tesla's lack of competitive response was and still is a problem. I am not talking this thing down it is just my view.

  5. #1005
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    Attachment 13719

    Closed yesterday at 975.93 but premarket trading this morning bought it all the way up to 997.64
    Hit its high soon after opening at 1021.19
    Closed at 986.95
    Slight increase in volume...

    (Managed a very quick day trade - certainly not game to do anything else in current climate )

    Attachment 13720
    Longer term view
    Last edited by pedro.nz; 13-04-2022 at 02:27 PM.

  6. #1006
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    Volume last night is the same issue. 75% of normal daily avg. No insto participation. When it has broken levels before the volume has been large. Also look at bitcoin, GME etc, the retail volume has really dropped. Now it reminds me of the retail surge in 85-87. Now I wasn't in the business then but not that long after. No when retail ran in 87-89 there wasn't anyone there. This current situation reminds me of that.

  7. #1007
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    Musk has put in a bid for the rest of Twitter…

  8. #1008
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    Quote Originally Posted by Dassets View Post
    Volume last night is the same issue. 75% of normal daily avg. No insto participation. When it has broken levels before the volume has been large. Also look at bitcoin, GME etc, the retail volume has really dropped. Now it reminds me of the retail surge in 85-87. Now I wasn't in the business then but not that long after. No when retail ran in 87-89 there wasn't anyone there. This current situation reminds me of that.
    Hope you are right Dassets, I need to top up at a discount. The shut down in Shanghai might trigger a short term sell off at some stage. I estimate it is costing them US$38,000,000 a day in gross profit.

  9. #1009
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    Expected to report earnings on Wed 20/04/2022 after market close. According to Zacks Investment Research, based on 6 analysts' forecasts, the consensus EPS forecast for the quarter is $1.64. EPS for the same quarter last year was $0.39.
    Last edited by pedro.nz; 15-04-2022 at 01:36 PM.

  10. #1010
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    I think events have taken over the Q1 result. Eyes will be on q2, Shanghai shutdown, the cost pressures and does he need to sell to pay for Twitter. The US rules are tough in that regard. Don't you get the feeling he does something bold to take the focus off things elsewhere? I do. The Jan and Feb sales of other EVs also not great for Tesla. Chinese manufacturers are very strong. Hyundai, VW making inroads and that Mercedes just got to 1000kms on one charge.

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