With many bears begging for a dip to March-levels when $TSLA was trading well below 700 per share, that type of return to bargain-basement prices is exceedingly unlikely as TSLA is gaining steam by the day. That said, an upper ceiling of about 820/share seems to be revealing itself, while it seems the trough is likely somewhere in the 750-765 range.
The idea here is to hope on a TSLA short, with profits in the 20-40/share range for those shorting it. Long-term, this is still a stock to remain BULLISH ON, though. Ideally, any dumping of Tesla should be done with a close eye and mind to re-buying closer to its trough. Of course, some are predicting $TSLA to exceed 900 per share within the next week. It is a volatile stock, but it definitely is showing some clearer signs of real value and range.
That range is 750-820; with the median of 785 representing an ideal buy-back point.
The idea here is to hope on a TSLA short, with profits in the 20-40/share range for those shorting it. Long-term, this is still a stock to remain BULLISH ON, though. Ideally, any dumping of Tesla should be done with a close eye and mind to re-buying closer to its trough. Of course, some are predicting $TSLA to exceed 900 per share within the next week. It is a volatile stock, but it definitely is showing some clearer signs of real value and range.
That range is 750-820; with the median of 785 representing an ideal buy-back point.