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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Time to Get New Wheels

chessNwine Fri Oct 28, 2011 2:31pm EST 2 Comments

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I flagged the auto stocks for you, especially TSLA,  in this post this past Monday. I have been long the stock for several days now, timestamped inside 12631. The stock is the quintessential heavily-shorted/low floater play. However, earnings are next Wednesday. Consistent with my discipline, I will sell before they report. That said, the stock is breaking out from a tight base, and has the shorts in a very tough spot here. Hence, I expect further upside before I sell next week.

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2 comments

  1. RaginCajun
    RaginCajun
    October 28, 2011 at 2:46 pm

    yet, another great call!

    Great week.

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