Hi Everyone! Its been a while since my last post, so lets dive in to the point, without losing time! So what we are seeing here is a parabolic move with hype will end in a big crash!! When we look at the fundamentals we are still not able to see PE ratio due to earnings being negative and the PB is close to 20. It is a crazy thing to see that an manufacturing company(automotive, energy etc., however you would want to categorization it),which would have a high capital cost, would have it self priced at 20 times it book value!!! I would have hoped other fundamental ratios would have been great while seeing these two so bad. However the quick ratio being at 0.7 and debt to equity not showing good signs as well i do not believe price movement represents the "current" value of tesla! And if we take a look at the technical side of things.... We could see that the price has been increasing with dropping volume and the RSI is over stretched.I believe it is the perfect time to take profits and watch it fall. There might be a little more upper movement but it is not worth taking the risk since in the near future i believe the price will be lower than where it is.
As always this is not an financial advice , this is just a thought! Stay Safe
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Hi everyone! Price has continued to move upwards which we believed was possible. The only thing that this move did was make Tesla even more over priced. People need to understand the difference between value and price! And if this doesn't make sense to you just ask yourself "what has change that caused the spike?". Stay safe=)
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As we expected the price has started to move towards its value. However there might be some bounces on the way, so there is a chance for a little upward movement before continuing down. But at this point, any entry point seems too risky. Trade at your own risk =)
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High everyone! I believe we have completed the bounce that we have anticipated and now we'll continue the downward movement in the upcoming days. Do your own due diligence and stay safe!
Dude you just sound desprate and begging at this point..you must be shorting TESLA and getting a bit nervous..nothing is overpriced here. Tesla's market cap just only surpassed NETFLIX. Think about that for a sec..
tonykewal
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Everytme I read this stuff it reminds me to buy more and hold for 10 years or longer.
Fandorinn
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Thanks, buddy!
Assassin9
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@Fandorinn, You're suppose to be a pro and you should know better to never compare Tesla to Bitcoin...
ro.goudreau
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@Fandorinn, Except, Bitcoin is a better long term investment.
dodgeroebuck
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dude it went up 200 since this post
Drdusty
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You poor suckers have been claiming to short this stock now for the past 2 months like you sick of losing money yet good gosh.
cyberluck
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TSLA is in its 5th and final wave before a multiweek correction down to the low 300s. It will give people a chance to get into the stock again. Just like BA, TSLA has a pretty clean Elliott Wave pattern for those who like that indicator...I have traded based on Elliott and stochastic. If you're in it, I suggest taking nice profit, greed costs $$$$$ and there's really no reason for TSLA to jump this high if you look at its financials...not yet.