$TSLA.US$Don’t worry too much: Now that Elon has DECLARED (he said it very clearly to the shareholders and confirmed it by rising cash for the deal) that HE WILL buy Twitter, HE NEEDS the TSLA stock price to stay hight (as collateral guarantee to the maxi loan).
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Love that spirit. No matter how many time Musk screws y’all, you’ll always find a reason to justify it for him
Follow the current / existing trend This image sums it all up. Both 8.5%, but the market reacts differently. $SPY.US$$.SPX.US$$.MNX.US$$QQQ.US$
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The market just needs a reason to keep pumping that’s it. That aside, this can still make sense. Just like passing by the same tree uphill vs downhill. Uphill you’re discouraged as you don’t know how much higher you’ll have to climb, but downhill you’re happy as you know it’s going to get easier from here (not to say that’s already the case but that’s the sentiment)