Time to Short the Tesla Monster

While I've had much fun riding this up, it's time to part ways.

With all of that capital raised, there will probably be a very large number in the expense section of tonights ER.

Combine this with the market turning, and ya got excessive violence.

Hate to say it, but she's done.

- Pig



TSLA
SPX
NDX

Trade active:

bulls - this is a clear trap. like, an unbelievably obvious trap.

so take your profits or losses and kindly exit before it gets violent.

Trade active:

gonna sell this news.

also gonna sell Chesla into its earnings.

just a heads up to all you bulls foaming at the mouth right now, but figure its best you hear at least one bearish opinion going into today.

Trade active:

I forgot to provide a reason, thats my bad:

Q: Why would a buy a stock that just received inclusion into an index that is selling off pre-market?

A: I wouldn't because the stock is perceived as risky and many conservative fund managers dont want its exposure in major client portfolios. "Thats what the Nasdaq's for," they might say.

Q: Why is TSLA up premarket and the S&P down premarket? Shouldnt both move in the same direction right now?

A: Bulls are blind with greed right now and are ignoring the broader market signals. Bears are happy to let this pump for a much more attractive short entry.

Trade closed: stop reached:

Q: When all logic is defied, what is the first thing you should do?

A: Long Tesla.

Short everything else, Long Tesla. Especially if it closes above 500.

Guess it is never time to short this monster.