Jo Ker
04-24
$Tesla Motors(TSLA)$  

Well the price dropped to below my entry level of $144 before the earnings report so l did put in 20% of my intended position amount today. It is very difficult to fish the bottom in stocks. My advice is to buy 20-25% for your first trade and buy up or down for the rest of it. l am as comfortable to buy at the $150-$160 levels now as averaging down at $120 and $102 if things go south after earnings report. 

Nothing is changed for the reason behind the trade. You want to be in it for your initial reasons. In fact, Elon Musk forecast for Model 2 production period fit perfectly for my trade timeline and it is the best news l can hope for so l don't mind buying th bulk of my position at higher prices. So l am vested in long call options till Jan next year with a strike price of $220.

Modified in.04-24
Will Tesla Hit $200 With FSD Breakthrough?
Tesla jumps to $190 in the premarket trading. Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. clearing two key hurdles to introduce its driver-assistance system to the world’s biggest auto market. The US carmaker will partner with Chinese tech giant Baidu Inc. for mapping and navigation functions to support what it calls Full-Self Driving, or FSD. ----------------- What's your target price for Tesla's rebound? Back to $200 tonight?
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Comments

  • MayGodwin
    04-24
    MayGodwin
    Good luck with your long call options!
  • ADguynight
    04-24
    ADguynight

    agree. All bad news has come out

  • STEVY
    04-24
    STEVY
    Perfect
  • AuntieAaA
    04-24
    AuntieAaA
    GOOD
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