Guavaxf30
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Tesla makes one of the biggest daily drop in it's history today. And at the moment there seems to be some bounce. But I think it is only a temporary bounce created by day traders who have shorted the stock. I am staying with my price target of $170 as the real base. This is because a month ago, this was where Tesla begun the FOMO indused run created by Elon Musk talking about Robotaxi and 8/8 first view. Now that robotaxi has been delayed to October, should Tesla not go back to the starting point? Especially after this dismay quarterly result?
$Rigetti Computing(RGTI)$ I will be very careful about being over confident either way on Rigetti. It may fall back below $2, or it can just as easily resume it's climb above $15. Be very nimble and quick in making decisions if uou are trading this counter. At the moment, after the last weeks trend down, I will be inclined to bet on a rebound in a day or two. No more shorts for me for the moment.
$Tesla Motors(TSLA)$ Guggenhiem has targer price of $134 and Well Fargo has target of $120. I am not so cruel. My target price is $170. This is because a month ago it waa around this price before the FOMO crowd got suckered by Elon Musk with his robot talks.
$Tesla Motors(TSLA)$ Financial report out on Tuesday 22nd April. Next week! Will TSLA go back up to $280? Or down to $180? What do you guys think? My own opinion - down to below $200 and 1st support at $180. If that breaks, Wells Fargo and JP Morgan prediction of $120 will be visible by year end.
$Tesla Motors(TSLA)$ This is starting off really bad. Already down almost 5% at $251.00. If Tesla does not hold $250.00, it will test $238.00 by end of the day. And if the Tuesday report comes out poor, my $180.00 expectation will be around the block....
$Tesla Motors(TSLA)$
Tesla Is really good for shorting. Yesterday's pre-open high was above 181. And an hour into the open it fell to near 173. Now trading at 174.20 post-market. All these volatility caused by Elon Musk's erratic behaviour. He is making life interesting for Teska stake holders.
TSLA Another Tesla hard-call bull may go bankrupt. Kathie Woods who have repeatedly called for $2600 as her target price will have lost billions in her ARKK funds this week. Mostly from Tesla's collapse. If ARKK is leveraged, they, and other similarly affected big holders, will be forced to liquidate their positions. Thereby further exacerbating the fall in Tesla prices. I said $180 as my target. Like Dan Ives, I am reducing this to Wells Fargo and JP Morgan's target price of $120-130. Elon really is having a Jack Ma period. Hopefully like Jack Ma, he learns to be humble and contrite. And get far far away from Trump.
$NVIDIA Corp(NVDA)$ Strong close yesterday. Up almost 5%. Market is pricing in a spectacular result. It will be bery exciting tomorrow after market hours when the results are released. The market will either see a super rally, or a sudden retracement down.
$Tesla Motors(TSLA)$ China taking it all the way. Tariff on US imports goes up to 125%. Tesla and apple are going to be the trampled sands in the room where elephants are having a fight. Elon Musk must really be regretting getting involved with Trump now......
$Tesla Motors(TSLA)$ It's been a nice 2 days of recovery but I am still holding to the view that nothing has really changed. The fundamentals remains the same as it was a month ago. Actually, no. It may have even worsen as the robotaxi news may just be a show and tell by Elon Musk of what a future car may look like. So the very famous quote about how in the short run the stock market is a popularity contest, but in the longer term, the weighting machine comes up really will apply to Tesla (and other similar meme) stocks. Just ask Warren Buffett why Berkshire Hathaway is not interested in Tesla.
Well written opinion piece and worth paying heed to. My view is last Friday's movement was a breather, not the correction, and a healthy one at that. Which means, I feel the bull run is not over yet. But it is also always good to watch carefully and be ready to take actions. Either ways.
Is Nvidia's Slide a Sign of a Market Top?
It is going to bleak for all growth companiesfor now. With global economies slowing down, and pressed in further by inflation and high cost of operations, without a good cash profit flow, some if these will find it increasinlycostlier to just stay in biz. Regrettably, apartfrom Tesla, I cannot think of any EV companies which have a decent profit trend. In fact,all are currently notnin the money, yet.
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$Strategy(MSTR)$ This is a super high risk stock. It makes almost nothing, it's borrows money or issues and sells more stocks, just to buy and hoard Bitcoin. When Bitcoin prices falls (as is now), shareholders are hit by a double wham. Share dilution and asset depreciation. Be careful with your hard earned cash.
$Tesla Motors(TSLA)$ $250 did not hold. Next number to look at is $220. It that falls, sub-$200 will happen. My target is $180.
"However, its performance was below par, as it came in below its previous midpoint guidance of 32K vehicles. As such, investors expecting a robust report are likely disappointed after the company also underperformed in FQ4'22." Has the market already pried this present upturn a case of herd stampede?
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$Strategy(MSTR)$ back on a downward trajectory. This time it will likely break below 250. Bitcoin is now touching $85k. We may see BTC fall below $80k this coming week.
Sadly there will be more blocks ahead. But between the three Chinese EV's, I fear NIO has a longer way to fall. Xpeng and Li Auto has already fallen a lot more whereas NIO was held up by news about their new ET5 sedan.But if you go beyond the hype, you have to worry about NIO's recent losses reported. it is worst than the other two.
EV Stocks Slumped in Morning Trading
Ah. This may explain why Baba shares fell so much last night. This beside the reading of another Fed interest rate hike spooking the overall market. But what happened to the Super feel-good over the business split into 6? So, from my experience, whenever stock prices jacks up tremendously like last week for Baba, it is usually good to sell. And conversely, when the opposite happens, buy in. Even more when the opposite happens in a very much faster time like for Baba last night. For me, Baba is a strong buy now. Just as Tesla was a strong sell early yesterday. But please note it is only my own reading.
SoftBank to Sell Nearly All Its Stake in Alibaba - FT
This is what I have been seeing as well. The future promises and expectations are still just that. A future that has yet to be proven. Tecent developments, both within NIO and Chona, are just presentlijh too big a risk. Do note that people were very encouraged with Chines government support. But government support is waning. China itsef is showing strains i their economy.
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