Saturday, 8 October 2022

One of the worst week ever for TSLA since 2020

 Stocks

  • After the crash on Mon, I thought I got a good deal at 234 on wed and price actually went back up to 240.
  • Did not take jobs data as much of a concern but not for the market where a 5% more increase in jobs available led to a major crash on fri.
  • All 3 indices dropped around 3 to 4% and our main player fell by almost 7% despite having good news of confirmed semis delivery in dec to Pepsi.



TSLA











SPY












QQQ




  • Past 2 weeks for TSLA was a shitshow with 27% drop in share price which was equivalent to $240 drop pre split. Imagine falling $24 every trading day..wtf?
  • RSI currently stands at 27 and FX trader fren says more room to fall which is always a possibility in the stock market. His next price to add will be $185 if 210 supports fall, by then entire market will capitulate.
  • For moi, once bitten twice shy, regardless of what happens this current holdings will be a long hold but I hope not to lie to myself...
  • Expecting to see a bounce on following Mon due to oversold conditions, selling calls if that happens.
  • Portfolio took a big L compared to 2 weeks ago, sucking thumb right now.
  • Rumors of a share buyback due to investment grade awarded to TSLA on thur night, company may have shown some plans.









 Current URL factored in





Life
  • Social media is such a shit place to be, fk those pretentious scenarios..PKL

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