Concur. Hard to separate signal from noise over the last three days, but I'm thinking that nervous money would have been looking for a reason to start seeing other people by now. I'm actually seeing 250 as a net-positive......for now. November cometh.
Applies to investing by financial analyst reports: The Man, the Boy, and the Donkey. Aesop. 1909-14. Fables. The Harvard Classics A MAN and his son were once going with their Donkey to market. As they were walking along by its side a countryman passed them and said: “You fools, what is a Donkey for but to ride upon?” So the Man put the Boy on the Donkey and they went on their way. But soon they passed a group of men, one of whom said: “See that lazy youngster, he lets his father walk while he rides.” . . . In the struggle the Donkey fell over the bridge, and his fore-feet being tied together he was drowned. “That will teach you,” said an old man who had followed them: “PLEASE ALL, AND YOU WILL PLEASE NONE.” I prefer the version that ends, "You'll lose your *ss." Bob Wilson
Buy? Or cut bait??? Tesla down to $252? Start buying, boys! Dow tumbles more than 500 points to new low on day, bringing 2-day losses to more than 1,300 points Updated 7 Mins AgoCNBC.com
I'm wondering how much of the drop in TSLA stock is due to the quieter, more subdued Elon? There's been no pumping of profitability, improved cash flow, continued growth in production and deliveries, etc. This might mean there's bad news coming in the quarterly report (thus causing the stock drop), or it could just mean that Elon has learned his lesson and will let the results speak for themselves when the are officially ready, in which case there should be a big spike when good results are posted.
Compare today's tsla chart with nasdac, they moved very much the same, so irregardless of Musk, the downward movement caused by the tariffs and tax cuts and interest rate hikes... is starting.
Hey, you're actually spot on. The 1-day, 5-day and one month charts show about the same result for both TSLA and Nasdaq. The 5 day chart is the most interesting because it has the big swings as a result of the SEC actions, but that's all noise in the middle of the chart. For comparison, the company I work for (CGNX) had a recent ratings downgrade and is down over 20% for the week :-( but we're still way ahead of Tesla for the 2 and 5 year intervals
I think it's due to combined learning his lesson and knowing his communications will soon have official oversight. Statistically there is a correlation between the amount Elon tweets and the stock movement, but in the opposite direction of what you are implying.
if this is the beginning of a continuous drop in the market, it will be difficult to judge any individual stock based on its merits
You can to a degree based on how it does compared to the overall index. Tesla compared to the Nasdaq in this case.
TSLA up 3.36% premarket today. ...also there's this: Tesla’s sales in the U.S. are gaining on BMW and other luxury car makers - MarketWatch
Saw that. Also saw that CNN and other 'fake news' doesn't seem to be dumping on them for the last few days. TSLA seems to be surfing along with NASDAQ but the important thing to remember is that even after the last 2 weeks NASQAD is still up for the year...... TSLA is down over the same year....and about flat for the last 5 years. Of course.....if you had bought in 2012 you'd be golden but if I had a time machine I'd go get me some bitcoin.....
I'm expecting the Saudi to dump Tesla stock early next week: Apple Watch worn by Khashoggi may have transmitted evidence of his death, Turkish paper reports - CNN Missing Saudi journalist Jamal Khashoggi may have recorded his own death, a Turkish newspaper reported Saturday morning. Khashoggi turned on the recording function of his Apple Watch before walking into the Saudi consulate in Istanbul on October 2, according to Sabah newspaper. The moments of his "interrogation, torture and killing were audio recorded and sent to both his phone and to iCloud," the pro-government, privately owned newspaper paper reported. The Turkish newspaper said conversations of the men involved in the reported assassination were recorded. There are reports that a Saudi investment meeting is seeing a lot of folks bailing out: https://www.washingtonpost.com/business/2018/10/12/western-walkout-saudi-davos-desert-conference-over-jamal-khashoggi-undermines-kingdoms-modernization-plans/?utm_term=.c0bdaac6af62 The growing number of Western companies distancing themselves from Saudi Arabia over the alleged killing of dissident Jamal Khashoggi is undermining the kingdom’s push to diversify its economy beyond oil and provide more opportunities for its young and often restive population. By Friday afternoon, nearly a dozen tech, media and entertainment companies had backed out of a Saudi investment conference to be held this month, as dismay over Saudi agents’ alleged murder of Khashoggi spread to companies that Crown Prince Mohammed bin Salman has tried to woo. ... Reports are the Saudi hold ~2% of the Tesla stock. If they hold a retaliation sale, TSLA stock will drop until the 'shorts' have run out of money. Of course this will wipe out the short holding of TSLA. Musk should send a fully loaded Roadster in thanks to the Saudi for denting the 'short' holdings. Bob Wilson
If they dump saud investments, might be a great time to buy in to the company even more .... but being on a plane right now .....
The 'shorts' will buy back when the stock is at zero, the 'longs' on the other hand will sell the stock when the SEC calls for the titles to their houses, have you perhaps received a call from the SEC? All kidding aside, I hope you are
Given that Saudi Arabia is trying to expand their economy beyond oil, and other businesses are pulling back, I’d see SA more likely to buy, than sell.
