"At present, strong buyers are lacking, and it is only when we see sustained and steady price action moving higher on rising volume will the current weakness be reversed with conviction."
It seems to me that it's more than "strong buyers are lacking", imo.
There seems to be a psychological hurdle to pass to many share holders at the present. And, I happen to be one of those. Let me explain.
Sitting on some substantial profits, I feel uneasy to its price above $800 per share at this time. There is no guarantee of the time for the share price jumping say to level 1600. Even though we know it's going that way but dishing out 900 and above for each share is the problem to many.
However, I would rather buy if and when it is split say around 1200. That would make share price not only affordable to buy also the incentive price rising more likely for existing share holders for long term.
I would be a buyer if and when shares are split, say at 1000-1200 area, in 5 to 1 per share. That would make 240 (at current 1000 per share). The incentive is for looking forward for an improved prospect that many more buyers would be joining also with the existing shareholders. I think it appears to me feasible based on the popularity of these Tesla EVs evidenced by the pre-orders and the long wait times in line for buying a Tesla EV.
Cheers & GLTA
News 
Market Data 
Discover 
