• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

The Short That Keeps On Giving?

By Kurt Osterberg · On April 10, 2018

Among the list of stock selection and trading ideas maintained at the TSI web site there was, until the week before last, a Tesla (TSLA) put option position. The position was exited — and a large profit recorded — after the stock’s recent plunge from well above $300 to the $250s. However, this stock could present multiple opportunities over the coming 12 months to profit on the dark (bearish) side as it makes its way along the path to zero. TSLA could become the short that keeps on giving.

In fact, the fast rebound from the 2nd April low in the mid-$240s to the 9th April high of $309.50 may have already created the next such opportunity. The reason is that the rebound appears to have ended near the top of the former major support at $300-$310, the implication being that the stock has completed a successful test of its breakdown.

The company is clearly in trouble. It is hemorrhaging cash and running out of money, it is suffering production problems, it has possibly engaged in fraudulent accounting and is under investigation, and it will soon be faced with much greater competition from companies that are far more adept at vehicle manufacturing. And yet, it still sports an extremely high market valuation.

TSLA bears will have to remain on guard, though, because Elon “the carnival barker” Musk is still capable of whipping up enthusiasm.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

  • Finance

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

  • Finance

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

No Comments

Leave a reply Cancel reply

Top Finance

  • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
  • What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage
  • Hedge Funds In The US Hedge Funds In The US
  • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

New Posts

  • STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    June 20, 2022
  • NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    June 20, 2022
  • 5 NFTs Trending on Twitter Going Cheap to Invest in Now

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

    June 20, 2022
  • Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    June 20, 2022
  • Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    June 20, 2022
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018-2021 NJCEE. All Rights Reserved.