Ð.....I'm probably crazy for following this one, but once again $TSLA has me confused.
Currently around $256 and making another attempt to break out, but I can't bring myself to re-buy in.
Musk is such a wildcard. To think people used to question buying into Steven Jobs, but Musk is like Jobs on multi steroids!
I think just he and Warren Buffet can so easily influence the share price of their stock.
I'm making money elsewhere and I should just look away. The P/E may be lower than ever and earnings keep getting revised downward.
One wrong tweet (X?) from him and the liberals will dump him. I do find it interesting that the very people who hate him are the ones who also can't help but buy his product.
Meanwhile, the bigger gamble $RIVN just might be breaking out....but it breaks my rule on buying stocks with earnings. I can see this stock going up at least 100% or sinking back into the abyss. The only good thing is it's at $23.50 and a drop to $22.25 is a signal to sell. (maybe I will take a flyer?).
The other electric vehicle company I've been following is $HYLN. Currently on a big move up as they are buying back a bunch of their shares (which is unheard of in a penny stock). I wouldn't typically give this company a second look, but I recently went down to Austin and met with the CEO. He told me all kinds of potential good stuff.......then recently announced the company is going in a completely different direction. So either he's a CEO who knows how to pivot, or else he's searching for anything to grasp?
$HYLN currently at .93 and doesn't even HIT resistance until $1.64. And I don't mean that in a good way.
Just my opinion, of course.
