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It doesnt look as crazy when you see the TSLA chart. Technically we have only lost about 2 or 3 weeks of gains. Realistically however, It should probably float down to about $200. It may not but that would surprise me. That would be $1,000 pre-split. It has a lot of support around $300 (or $1,500 pre-split) and it should catch some help around there. Notice something. The 50 DMA is $329.63 and we closed today at... wait for it... $330.21 So this is our first level of support. if it cant hold this level and get some sort of bounce the elevator goes to the next stop down around $300.
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My investment strategy stands no matter which way it unfolds. I buy another share every $100 it drops. It either goes to zero or I end up with 4 sharesTechnicals vs momentum and Robin Hood. Will be interesting
Blazin looking like the jedi master these days.
Are you making fun of my leet stock picking skills?Obsessive study, experience and a dose of voodoo. I'll be giving the market a chance to hurt me if we open down big tomorrow as I'll be reapplying long positions and putting cash to work.
Nasdaq futures actually green for the moment.
Im not looking for some parabolic move back up. I just want to see it establish some firm ground. A lot of this is related to the insanity around the two splits. They had to come back down to reality. AAPL had amazing earnings when it announced the split so some of the move up needs to be kept based on their earnings. I did what I always do in times like these. looked for value that got oversold in the move down. I added some MSFT right above $200 and some NVDA near the bottom. I reached a bit for PYPL (I wanted it at $175) but long term Im happy with where I got it. I also started AMZN down around $3100.Turn arounds that occur in the after hours rarely hold as a pivot point. It can happen but pretty rare, will have to be watching volume .
Maybe this?Riddle me this... Mortgage delinquencies are skyrocketing. Foreclosures are being stopped by the government. Eventually all that has to break free. So why are companies that are focused on/hold mortgages in their portfolio going higher?