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Lol yep. "Buy the Dip" and the puts that will expire when this makes a straight V back up.
Everyone kept complaining about not getting opportunities. Here it is.
Cheapest entry you'll get going into next week!
MM is so obviously blowing through stops to retest 50MA. What a goon. Lol. Holding through the weekend on mar15th calls. The conference on the 18th is too appealing not to ride the speculation.
Yep. Fads last 5-10 years and we're in year 1.
Yep. Slight pullback, setting up for a rebound midday or Monday. Underwhelming jobs report. Near flat, but under by 0.1% expectations in most areas. Red open on indexes for sure. But this has staying power to still be green through much of it.
I understand your concern, but I believe this is apples/oranges. Software vs Hardware. Advanced coding, while yes reduces a need for hardware, if it does indeed work better, it only further makes that advanced hardware more efficient. Most of the demand on Nvidia, is due to bottlenecks in processing. That's why AMD isn't the main focus.
It's like comparing Nio to Tesla is the last big trend.
Any more efficient coding just compliments Nvidia's product further. Hardware is an infrastructure requirement. 2016 it was announced that we had a Semiconductor shortage that was impacting everything down to waiting lists on vehicles from factory due to chip shortages. That demand hasn't been fully resolved. When any squeaks of China invading Taiwan occur, chips suffer. That's one big bit of news I keep a very close eye on.
With all of that said, nothing else really concerns me on impacting it's growth.
1200 before earnings looks to be achievable at this point. Yes it's very long overdue for a pullback, but when a company has a monopoly on the most desired product on the market, much like Tesla once did, many that shorted it were burned horribly. The parabolic climb isn't as crazy as one might assume from where it is on growth. Roughly 3%-5% daily. It's only susceptible to broad market shifts, as the next closest competitor is over a year behind in development.
Until AMD or if you'd believe Intel... heh... can overtake it's product share, this pricing isn't as ridiculous as many believe. It's still undervalue. Pre split, Tesla still has a PPS higher than Nvidia. Think on that for a long moment. Trending culture: it was EV with AI at the tailwind of it with FSD and OpenAI, but given Musk's mess in that, when EV achieved it's goals and is very commonplace now, AI was the next obvious step in innovation. Culture focus shifted. The entire investment pool shifted with it. This is the culmination of everyone chasing after the next life-changing product. It's no different than singer with mass production of sewing machines, ford's assembly line, or Microsoft in normalizing computers faster than Apple. Microsoft actually got forced to turn over intellectual property to Apple to reduce it's monopoly on that market. I still remember that hearing in congress in the early 2000s.
This is just history repeating itself. Buy the dip if it does dip. This trend isn't stopping until: earnings suck, AMD ramps up exposure, or the showing Mar 18th flops. External factors will draw it back, but nothing else at this point can cripple this run.
The moment I heard him confirm: “there's no evidence or no reason to think that the U.S. economy is in some kind of short-term risk of falling into recession.”
I knew that any fearmongering, and baiting by the usual rabble got a gag placed firmly in their mouths.
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The trouble is that if the economy is doing well, and the EV leader is seeing signs of slowing liquidity on production, this once leader is on track for it's movement as of late. Musk's forecast for 2024 during earnings was the red flag. February sales too. March has to perform better year over year to give any hope of a reversal. If anyone wants their stock to grow here, convincing Tesla sales is at the heart of it. I switched to Nvidia for gains awhile back when it was highly apparent that they hold a monopoly on their market. Semiconductor shortages announced at the end of Obama's presidency, the issues in the region between Japan and China, the artificial island and anything relating to Taiwan; those were all key indicators there, geopolitically. Add in the trending culture and shift from most talked about keywords in speech and social circles. It used to be EVs, but it's AI everything. Tesla post hype is feeling that strain. Nvidia has robbed investor attention away from it. The volatility in Tesla has waned substantially as well.
So when the market shifts it's focus, I have to shift with it. At the end of the day, we're here to make money, not marry the shares. So on that point, and considering this forum has limited exposure to it's volume of readers, I say all of this genuinely in hopes that you all do well in your positions too. GLTA. Stay liquid friends.
And just like that it's now 60,999 shares. Unless you're sitting on billions, moving it dramatically isn't feasible.
At 180pps, 6.7 million to buy through it in one sweep, without knowing what's at AoN.
The MM will likely brickwall it.
There's 37,551 shares on the way to 180 and 12,000 of that on 180. That does not include all or none orders, as they don't appear on the books until filled, nor the MM's orderflow as they process asks and bids.
Right now, anything R&D is played out. Those are things being worked on that people already know. This consistent drop is earnings and sales. Until that improves (February sales and China issues) we're downward. The end consumer product still matters. We were stable for awhile until those developments at 200. It was good enough for a few solid calendar spreads. But new news is playing out. Until that changes, this is the course I'm afraid.
Higher highs and higher lows.
504.91-515.89
Bull rally continues to "March" onward. ;)
Looking at the 1 year, lower highs and lower lows, August, October, and February 5ths 175.01, we booked a new low point, my best guess is 162 in the next couple weeks, unless something major develops. The rebounds aren't forming any breakouts. We're in a bearish breakout right now. If this doesn't close higher than it opened it'll be a messy next 2 days.
Within the bracket, but I expected more volatility. It looks like the time spent at 200's tamed it's swings a bit.
Being right but too early or too late is just as bad as being wrong. Watch inflow, outflow, what's trending. That's trading. Not jumping from ticker to ticker fearmongering and all caps grandstanding.
\o7
90% up on 511 calls. Sold on open. Great morning. Not dealing with Theta. We're in a bull market rally. Until we book a lower weekly low, buy the dip my friends. Yesterday's close was a no brainer for cheap calls.
Nearing that round even figure. Can it break past the psychological resistance? I think so.
Sticking to this bracket for the week's end. Sideways for a bit. But adjusting it down to 170-185. Support held at 175. I do not see it at 200 again in the near future.
Choppy waves. Panic before the powell speech. But his hard stance that fear of a recession is nonexistent.
We're getting new highs today
My daily goal is 1% of my entire portfolio. No matter where it is above that mark, I eject on risky moves. Anything extra is just a bonus. In 4 years, 1,000 -> 1,000,000. Otherwise without a planned exit strategy risk will consume you. 1% down as well. If it was a bad play, back to strategy planning.
Road 507s up for the clutch. The stall at 505 was pretty telling. Nice finish and a good setup for rebound tomorrow.
Nah. Didn't break below last week's weekly low, 504. Looking green to me.
Support seems to be holding. 1 hour will tell.
Bounced off of the EMA9 and looks to be retesting 875 today. 900 isn't a bad guess on the weekly end.
Looking at a bracket of 173-191 today as it retests the prior weekly low and has potential to be seen as a reconsolidation point from there.
I tried to warn you guys. Stalling for over a week during the biggest rally we've seen in a long while was a big red flag
I feel like musk isn't going to wait around and do nothing. Today's article on suing OpenAI is a clear indicator that he's aware of the issue and is understanding he's missing out, but I believe he's going the wrong direction with it and missed the ship by parting ways with it awhile back.
He will have to win the lawsuit and assume control of some portion of OpenAI again, which is doubtful and will take time to develop the outcome of that, or partner with an existing setup, or develop something new from scratch. Else we're at the top here.
Only Tesla CEO's and their brokered deals will have those answers.
Each institution has enough holdings to choke the float and send it straight to $5 if they want to. Retail speculation is just along for the ride. There's not enough Retail strength to combat it if they want to straight up shove paper down our throats. That's the MM. The charts are just analyzing their personalities, from ticker to ticker. But given the broad picture view, this is their justification for it. They write the news articles to explain away their moves. That's the truth of the market.
I understand the respect for elon and the valuation of the company beyond Ford or gm, as more than a car company. The current rally is AI driven. All other tickers without substantial earnings beats or AI developments that aren't priced in are the only volatility in the market.
To respond to your other remark, the entire purpose of the stock market is to provide liquidity of ideas and innovation in the form of shares. If a company is found lacking, it's liquidity and solvency begin to reduce. IE: No new news means investor interest will wane from the company. SpaceX and formerly Twitter are private entities, so it's reasonable that those developments aren't responsible for Tesla's valuation either, regardless of their worth and ties to Musk. Tesla, the company, is stagnating due to lack of exposure to this next trend. Full Self Driving is the only viable option to rectify this currently unless they develop something else. Even a competitive search engine against Google would still be separate from Tesla if Musk did that. Things to think on in coming days. Right now, it's stalling because of car sales.
They need liquidity to run. Aside from the products they already have out, lower sales will mean lower pps in it's flagship product. A new innovation and exposure to the current trending boom is the only way they'll latch onto the current market growth. Much like Apple already realized, albeit very late though.
When everything else is going up except Tesla, there's something wrong. Called this months ago. Not going past 200. Tesla needs lower rates to entice higher sales. Liquidity in production matters. Since most car sales rely on financing for the average consumer, and the forward outlook from the company led this year as reduced sales... PPS stalled at fair market value. Regardless of Space X, energy sector, and any AI development, Tesla doesn't produce semi conductors, so they're lagging on the AI boom.
Things to consider. Look back at my last comments. I called it last time I was here. This will be under 150 after June due to it's stall during the major rally, until rate cuts hit the 3rd volley and earnings beat estimates months after that point.
His compensation package was hammered on. With no incentive to work for Tesla, it would be safe to assume that either Delaware's ruling gets overturned, or Musk walks away from Tesla. I'm not about to wade through a crapstorm viewing this with rose tinted glasses. This is kind of a big deal.
143 as a hard low. That's my prediction in the coming months. I'll go bullish once it gets there.
Was waiting for this verdict on Musk's contract. This was why I never called a bottom after the summer high. But after this drop, and the following earnings in the next quarter, it should be ready to reverse.
Expect 150 and further south.
Jasper jillionaire incorrect
You poked several people, but can't handle it coming back at you? The other lemming just didn't scroll back far enough to November 1 to see you twisting around like one of those Yolo Yoinkers on stocktwits. You guys are no different than powers or angurora. There's enough of this on the SPY message board. Eh whatever. Shouldn't expect any less here.
Hypocritical much? I was calling out someone who did exactly what you're looking at me cross-eyed for :P
Buy you were so sure here