Nothing being said here is new. But the buying public still chased Tesla to record high. High after high.
Today's relative weak showing is just a sign of rotational play. But if truth be said, there are no fundamentals on hand that can justify the super sky high valuations, even after the correction.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
Likely it is market taking money off the table as we head into the new year.
But the end could be coming soon. Again, be very careful and do not loose focus.