Tesla Inc (TSLA)

[FrancisUnderwood]

Well, here is my theory purely on price performance. I think that we all can assume that TESLA is overvalued. I think that it is only driven up by short squeezes.

It is public knowledge that there are a lot of people short on TESLA. I also think that the team around Elon Musk and some of the associates are very clever participants in the financial markets. And I think that the financial team is actively causing short squeezes to drive prices higher. I think that at those price levels there are almost no natural buyers. By the way...I think it is the same with NETFLIX. There is no way those valuations would otherwise hold.

So now to the obvious and my technical analysis. I got out of my leveraged short positions 2 days before the news came out that drove prices up. Why? Well, it happened the same that did happen before the quarterly results that caused this price jump upwards. Prices went down slightly for some days and then suddenly You were able to observe that the RSI was actually trending upwards.

I thought to myself...they are luring in the shorts in order to then cause another massive short squeeze...I better get out. Well...I did and then I reentered with a small short position just around the moving average 2 days ago.

So...again...what happened both times? Prices drifted down slightly, there has been negative news, then the RSI trends upwards and then comes the pop on some positive news or news that is distorted into seeming positive. I can only tell all of You here: Choose Your short positions wisely, otherwise You will burn yourself and all of us with you.