wildcreamlife

How do we get here? The lesson is: Do not smoke Weed!

NASDAQ:TSLA   TESLA INC
How do we get here? A month ago Tesla hit $387 apparently with some fake news, today $264. Dropping almost 14% just this Friday with uncertainty about Musk's future and the SEC decision trying to ban him from holding an executive position. We see the chance for bears pushing this share even lower and some investors avoiding any action for a while.

Wall Street is considering that Elon Musk departure could heavily hit the stock, but do not forget they said the target for Tesla would be above $315. In my case, the target is around $213.

However, at the end of the day, the lesson is clear enough: Do not smoke weed while you own a business!

Learn how to beat the market as Professional Trader with an ex-insider!

Have a Nice Trading Week!

Cream Live Trading, Best Regards!


I'll tell you this, I didn't even think about closing my 305 Puts for next week.
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wildcreamlife GUMBY9662C
@GUMBY9662C, That's ok, you love Tesla and I really do as well. But it depends on the horizon for your investment or trading. Wall Street is trying to hit Musk and teach him a sort of lesson, that's the reason why Musk was tweeting and talking BS to stop the drop. But at the end of the day, Tesla is not profitable yet and who really owns the asset is waiting for it. In my case, Tesla is in my portfolio (basically fundamental for the long term) and my PV is above $354. Good Luck and nice trading week!
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Actually the lesson "Don't smoke weed when you are under SEC investigation"
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