Well, $TSLA finally takes out the low of Wednesday and drops below $99.00. Does this correction has more room to go?
Stay tune for next week.
Yes, I still have my put option on, so I’m doing fine. My target is low $80.00.
For those die-hard believer, please save your breath trying to convert me. Believe me, I do believe electric car has a future; a distance future is how I see it. But for now, what goes up can come down as well.
My 2 cents.
If you enjoy the content at iBankCoin, please follow us on Twitter
that’s some risk there
You’re right, bomo; hence, the put option only. Loss is limited to the premium if this guy go ballistic next week. From my perspective, the risk/reward is good.
Thanks for the input.
Cheers!
What about the June 20 announcement? Is that worry? Do you see Einhorn getting short on this one?
Hi Dink,
The announcement is 2-1/2 weeks from now; but technically, the stock is going thru some correction right now.
If the general market continues to correct, $TSLA may fall further as well.
My target for $TSLA’s correction is low $80; price action may or may not get there; but if there is a spike in price action, I will cover my put option pronto, hopefully, with some profit intact.
Thanks for the head up on the June 20 announcement.
Cheers!