|Day Low/High||859.94 / 912.00|
|52 Wk Low/High||176.99 / 968.99|
While some 'pruning' can be necessary, Thursday was a strange day to get clipped.
The world's most levered balance sheet belongs not to a company, but to a country: Japan.
Virgin Galactic Holdings is pulling a Tesla now. Through the first 90 minutes of trading, SPCE volume is 54 million shares - more than 1/4 of the total shares outstanding and a large portion of the float. SPCE and TSLA are indicative of speculative ...
If you want a perfect example of this, look at two recent capital raises: one from Tesla and one from Genprex over the past week.
* Speculation is rising * Economic growth is slowing * Values are diminishing It is not only coronavirus that is growing contagious, so is speculation (see the climb in Tesla's share price today). Based on a plethora of reasons, I am now assuming th...
Returns can be robust if the conditions are favorable, but it won't always be so fruitful.
SPCE is about commercial spaceflight, the future, and possibly a radical shift in some commercial airline travel as well.
Talk about talking out of both sides of one's mouth... Bernstein has nearly doubled its price target on Tesla shares, saying the electric car maker is the "ultimate 'possibility' stock." Huh what? I wasn't aware we had a new rating category to wor...
Pre-market futures are continuing to point to an up opening in less than an hour. Investors continue to watch Q4 results hit the wires in a furious manner. Here are a couple that caught my eye. Expedia is up over 10% in pre-market trading after pos...
After gapping lower, the market saw its all-too familiar rally occur. As mentioned in my Diary, I sold short into the strength (adding a layer of trading shorts on top of my investment short position). Down, up, down. The rally from the lows was st...
This market's bound by earnings and a virus, and both are astonishingly subjective.
TSLA built a plant in China at exactly the worst time in modern Chinese history because of the spreading coronavirus.
"Too much of a good thing can be wonderful." - Mae West Amazon is indicated +$20/share in pre-market trading. Amazon is the new Tesla . I continue to look for a narrowing of leadership in a maturing stock market as the leaders enter the "Tesla stock...
Looking at a chart of spikes in new highs shows they are like one-off events, they fail to build on themselves, expand or improve.
I hope you never find yourself in a position where you're hoping for a plague to spread or lives to be lost in order to make a buck.
* I have learned a lot by looking back at my mentor, "The Chief's" investment observations and successes * In a world starved for earnings growth I am back in Google and Amazon - that's where "The Chief " would be * The next Tesla might be Amazon or...
If you can't become self-aware as a trader, you'll likely be short for the trading world.
Most notable on my screens today is the action in Twitter.
The shares remain wildly overvalued and you should not buy them.
This move by Beijing comes on top of massive injections of liquidity into that nation's financial system earlier this week.
But, still, breadth has not been leading as it had been, it's at best keeping pace.
Betting that the indexes can't continue to run higher makes sense, but...
Understand that the reversal today is something that happens in the natural course of a stock that's too heavily shorted, but unlike so many of the heavily shorted stocks, this one is the real deal.
On the one hand and on the other... back and forth goes the market.
Sure, TSLA could see a period of sideways price action, but a real peak probably won't come until TSLA bulls start leapfrogging each other with higher targets.
Enjoy the run, but don't get caught holding the bag.
This is not investing or trading. It is gambling.
Much of Tuesday's rally is on the backs of hedge funds who -- poorly positioned for the Wuhan coronavirus -- started shorting virus-related stocks right into Friday.