Not sure if the fast retracement down to the 197 level is a sign to be concerned. The cross over 200 was too brief to be registered as breaking the 200 duck. Let's see what happens on delivery announcement day.
It is not about EV deliveries. Elon Musk has already managed expectations by saying Tesla is not an EV company. Even though in reality EV is Tesla's only source of income. Many are putting their trust in his promise of robots. That is so very scary.
Tesla Stock Nears $200. Why It's Make or Break Time
Hmmn. This means we should start buying Nvidia again. Cathie has track record of making wrong calls lately. Like buying up Tesla when it was high and selling off Nvidia, when it was at the pre-slit price of under $500.
Pay attention to these words. "This time, the short sellers are hardly involved with GameStop. They learned their lesson and won't be big losers this time. Instead, it's individuals who are buying GameStop shares, dreaming of the riches they hope to make. Ironically, GameStop, a company devoted to promoting and profiting from the video game industry, has become the ultimate video game. But unlike video games, this game is rigged against the traders in ways that most do not understand." It is so strange that so many very experienced investors gets caught up in fomo so easily.
Peter Tuchman is very brave to be writing this. He runs the risk if ire from irrational Meme pumpers who follow Roaring Kitty like how some follow Trump. If what Peter says here still does not convince, nothing can help now. Buyers beware.
$Tesla Motors(TSLA)$ I will not take any positions based on EV deliveries. But I am negative on Tesla overall. Whatever will be the EV output, fact is their car sales are slowing and their margins are collapsing. The price war started was an act of desperation and the result has been, however low Elon Musk can price his cars, The Chinese can do better. It's a slippery slope for the industry. No EV's for me for now.
Another Meme stock down to the dust. This is one very clear warning for common investors NOT to be moved by the meme hopes. It's very very high risk. Watch out on GME and AMC. These are also being held up only by memers who have no other options. Repeat of the day-after from 2021.
Faraday Future Proposes Reverse Stock Split Ratio of Up to 40:1 for Regaining Compliance With Nasdaq’s Listing Standards
Completely agree with this warning. There is no fundamental to the company and the timing of the $4b raised was incannily linked to the resurface of Roaring Kitty. If we want to discuss conspiracies, one can even suspect there was some collusion involved. Disclaimer : I am not a financial professional. Not an advice to trade either way. But I personally have made quite a bit shorting GME.
GameStop Warning: The Rout in GME Stock Could Just Be Getting Started
It is always smart to cash some out. And Jensen is holding quite a lot still. But I do think Nvidia holders may want to donsome rebalancing too. Like Jensen. Nothing to read into this, unless it is Ryan Cohen. Ryan Cohen will leave his shareholders hanging dry.
Jensen Huang Offloads Over $90M Worth Shares In The Last Week Since Nvidia Scaled Peak Market Capitalization Of $3.24 Trillion
Actually I feel the AI hype may have gone overboard for the moment. It is true. AI is indeed the future. But the future has timing considerations too. Just don't get caught in the FOMO trap.
If Nvidia Stumbles, How Far Will the Stock Market Fall?