TSLA
Tesla
-- 440.130 NVDA
NVIDIA
-- 128.910 MU
Micron Technology
-- 103.900 QUBT
Quantum Computing
-- 25.680 AMD
Advanced Micro Devices
-- 121.410 
Tesla: buy on dips or sell?
Tesla was grossly overbought with RSI at 83.7. When the FOMC signalled that it will only cut rates twice next year, the market sold off. Tesla took the lead by plunging 8.28%.
It formed a bearish engulfing candlestick which may mean that it peaked at 488.54. There may have more downside.
Tesla delivered about 1.8 million EVs in 2023. In order not to suffer a year-on-year drop, Tesla needs to deliver at least 515,000 units in 4Q2024. Tesla has never delivered 500,000 units a quarter before and this seems an impossible task. Moreover, Tesla may not hit the target even with price cuts and gross margin will fall.
Tesla may continue to plunge with the miss. Sell. 🏃♂️➡️🏃♀️➡️🏃➡️
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bullrider_21
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Heiej : The above calculations was wrong. To get 1.8 million, the 4th quarter number is 477000. Which is a feasible number
bullrider_21 OP Heiej : Your number is wrong. You can do a search if you don't believe me.
MonkeyGee : sold just before the drop. Think tomorrow it is going to have a quick run up and then the rug pull
bullrider_21 OP MonkeyGee : It's possible. Nice!
FollowsThatRainbow : 360 first before going back to 500.
Lnova : that window of 3:00pm-4:00pm ish yesterday.. the last hour before options trading ended for the day… was a wonderful opportunity for options trading in my opinion. My option went from like $300-$500ish to like $35 after the FOMC speech lol. I was soo regretting that I did not understand that would happen and plan for that drop. I could have bought the same option for like 1,000% discount. Or even bought a way more profitable option for the same cost I did. Cause just my own hunch I think Tesla stock tends to it’s ego and I’ve seen it do the same pattern the last two weeks in a row where it “acts” as though it’s having ups and downs the way a normal stock would… only for it to have its bull runs before 4pm options close especially on Fridays when options expire. I feel like the drops are almost preplanned just so that it doesn’t look suspicious the way it keeps reaching new all time highs. I mean it’s only the stock of the richest person in the world
Lnova : I think it’s manipulated either by Tesla itself to be bullishly upward or Tesla is getting help with that as a favor (who knows, maybe for ending EV tax incentives? Although I also read the other day how the end to EV tax incentives may actually stand to benefit TSLA in the sense of harming its EV competitors as well)… all in all, it’s the only stock I’ve played options in that I’ve seen act this way… do I think it’s natural? No… but I appreciate the options trading opportunities it presents. Because it’s a $400-$500ish stock it can easily go $40ish dollars up or down in a day… x that by 100 shares… plus I believe it is manipulated to keep going upward at least lately which relieves a bit of stress if I have a call. TSLA calls were on clearance prices the last hour of options trading yesterday… and I believe those who had puts stood to benefit a ton % profit if they sold when the price was being driven downward. I say “driven” downward vs saying it “fell” or “dropped” because I get the feeling that TSLA drives its own share price down just to run it back up to break new ATH while trying to seem as though it’s a stock with natural ups and downs. Ijs in my experience, it’s strange lol
Mcsnacks H Tupack Lnova : You wrote all that to say sell. Wish I had the last 3 minutes of my life back.
bullrider_21 OP Lnova : Yes, I agree it's manipulated by EM and bullish analysts. I think they have an idea of how high they want to push up to and then they just let go. They just talk to hype up the stock. I don't believe it's worth this price.
Lnova Mcsnacks H Tupack : not necessarily… buy and sell at advantageous times within a stock that is manipulated, but I’m not referring to shareholding. I don’t have any Tesla shares. I just trade options for it
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