It makes no much sense to buy stock at 300-400 PE. To give an idea, AMZN PE is 138 currently and iis expensive!
On TSLA this is hugelly speculative flow that doesnt tend to hold.
Im entering todays short with 2 strategies. One buy puts for september with strike 1120 (previous price to close the gap) and short the stock with Stop loss of 5%.
Targets are 1120 (8%) on the closed gap and 890 on the 50 day moving average.
On TSLA this is hugelly speculative flow that doesnt tend to hold.
Im entering todays short with 2 strategies. One buy puts for september with strike 1120 (previous price to close the gap) and short the stock with Stop loss of 5%.
Targets are 1120 (8%) on the closed gap and 890 on the 50 day moving average.
Trade closed: stop reached:
Trade stopped out. But i still believe in shorting Tesla, PE is just too streched and the consolidation that is going around 1400 area may be a great opportunity to short again, stop at breaking the high of 1420.