TSLA hit $2001 a share today...

"Manwich - now Keto-Friendly" (manwich) 08/20/2020 at 16:13 • Filed to: None

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davesaddiction @ opposite-lock.com > Manwich - now Keto-Friendly 08/20/2020 at 16:24

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WTF... it was $360 3 months ago!

Sorry Rusty! LOL

This is what we'll show whenever you publish anything on Kinja: > Manwich - now Keto-Friendly 08/20/2020 at 16:28

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Quick, everybody sell!

Gerry197 > Manwich - now Keto-Friendly 08/20/2020 at 16:32

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It’s all about the upcoming split.  

RamblinRover Luxury-Yacht > Manwich - now Keto-Friendly 08/20/2020 at 16:36

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Nobody said “my god! It’s full of cars...” before me?

Ashamed I am. Of all of you.

Ash78, voting early and often > Manwich - now Keto-Friendly 08/20/2020 at 16:36

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Open the ledger, Zach!

I’m afraid I can’t do that, Elon.

DucST3-Red-1Liter-Standing-By > Manwich - now Keto-Friendly 08/20/2020 at 16:41

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And to think I bought for $ 270.......

And then sold for $350 thinking I did alright....

Future next gen S2000 owner > Manwich - now Keto-Friendly 08/20/2020 at 16:55

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It was trading at 1375 nine days ago. I smell a crash correction. A 45% bump in price over 9 days with no meaningful change......Seems similar to the Bitcoin bubble where investors pushed it up and sold when they thought it couldn’t go much more causing the value to crash.

Manwich - now Keto-Friendly > DucST3-Red-1Liter-Standing-By 08/20/2020 at 16:55

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I bought in the high $100 range and sold in the high $400 range and thought I did great...

Manwich - now Keto-Friendly > Gerry197 08/20/2020 at 16:58

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PatBateman > Manwich - now Keto-Friendly 08/20/2020 at 17:10

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Oh yes, the technicals make PERFECT sense.

hardeyeroll.gif

PatBateman > Manwich - now Keto-Friendly 08/20/2020 at 17:13

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Also, the intraday high was $2021.

Illuminati confirmed.

Rusty Vandura - www.tinyurl.com/keepoppo > Manwich - now Keto-Friendly 08/20/2020 at 17:17

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I paid $24/share for mine.

davesaddiction @ opposite-lock.com > PatBateman 08/20/2020 at 17:17

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How high can it go?!

PatBateman > davesaddiction @ opposite-lock.com 08/20/2020 at 17:22

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How high CAN it go?  Infinity.  How high SHOULD it go?  -90%.

SBA Thanks You For All The Fish > Ash78, voting early and often 08/20/2020 at 17:26

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Heh.

Just wait until we see “shipments” this quarter...

SBA Thanks You For All The Fish > Future next gen S2000 owner 08/20/2020 at 17:27

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Oh, the people on the Buy side are insane.  They could still make money, but when they figure out this company will ship fewer cars for money this quarter than they did last year.  Again.  ???  The correction gets very ugly.

davesaddiction @ opposite-lock.com > PatBateman 08/20/2020 at 17:28

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When does sanity finally prevail?

When do Susquehana, Baillie Gifford, Capital World & Citadel finally jump ship and take their profits?

SBA Thanks You For All The Fish > davesaddiction @ opposite-lock.com 08/20/2020 at 17:29

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Musk said it was “over-priced” at $700...

davesaddiction @ opposite-lock.com > SBA Thanks You For All The Fish 08/20/2020 at 17:31

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Lotta good that did!

SBA Thanks You For All The Fish > davesaddiction @ opposite-lock.com 08/20/2020 at 17:34

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Look, Musk could tweet right now “Hey, own ing TSLA gives you Herpes” and the stock would be $3000 by the close Monday.

davesaddiction @ opposite-lock.com > SBA Thanks You For All The Fish 08/20/2020 at 17:40

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Pretty much.

nFamousCJ - Keeper of Stringbean, Gengars and a Deezul > Manwich - now Keto-Friendly 08/20/2020 at 18:16

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21 shares Feb of 16 at like $211/share. Sometimes it pays to drink and daytrade. 

facw > Manwich - now Keto-Friendly 08/20/2020 at 19:05

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This is why I only buy mutual funds rather than invest directly. I think I’d do ok at determining whether companies would do well or poorly going forward, but I’d be lost at describing the actions of people. There’s no way Tesla grows enough to justify that valuation, which means a correction should be coming at some point, but as long as new suckers are buying it won’t. It’s really hard to judge the collective actions of irrational actors.

Manwich - now Keto-Friendly > Future next gen S2000 owner 08/20/2020 at 21:25

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“ I smell a crash correction.”

Or you might be smelling the sweat of a lot of short positions and put option holders.

And I’m saying that as a Tesla fan.

I consider the share price so high it ha s practically has left our solar system.

Future next gen S2000 owner > Manwich - now Keto-Friendly 08/21/2020 at 10:23

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There’s just no logical sense to the share price. Even if we consider future growth in the solar and battery storage areas, there is still no reason for it to be as high as it is.

Manwich - now Keto-Friendly > Future next gen S2000 owner 08/21/2020 at 11:07

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Yup. And I’ve seen this type of thing before during the dot com boom.

Basically it’s just running on momentum and day trading now.  It will correct at some point... eventually.

PatBateman > davesaddiction @ opposite-lock.com 08/21/2020 at 16:40

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Bingo.