TESLA. HOLD OR SELL?WHEN TO BUY?
Hey!
My idea is bearish
Decision price level is 700$ or zone of 685-705$.
When the company could not pay its debts, it issued additional issues and paid off its debts in this way. So it was profitable to keep stock prices at high levels plus squeezing out short sellers. Now operating activities cover all costs, so the capitalization is not very important for the company's management. Now Tesla have a nice cash flow, low debt. The perspectives of growth here are high, but due to high P/E and P/S we should be ready for price correction.
I see 8 reasons for deep correction right now:
1. Historically, September is a bad month for the markets.
2. Right now, the correction phase begins, the depth of which will be at least 3800-4000 according to the S&P500 index.
3. A good and understandable potential for a price drop.
4. The serial production of the truck and pickup truck was postponed.
5. There will be poor sales reports due to a shortage of chips.
6. The systemic crisis in China (evergrande and Alibaba) may affect the purchasing potential in the future
7. Cash flow financing due to an additional issue no needs to make anymore.
8. Joe is sleeping.
And what if?
If S&P500 correction will be stopped this or next week than it will be possible to see the new high.
My idea is bearish
Decision price level is 700$ or zone of 685-705$.
When the company could not pay its debts, it issued additional issues and paid off its debts in this way. So it was profitable to keep stock prices at high levels plus squeezing out short sellers. Now operating activities cover all costs, so the capitalization is not very important for the company's management. Now Tesla have a nice cash flow, low debt. The perspectives of growth here are high, but due to high P/E and P/S we should be ready for price correction.
I see 8 reasons for deep correction right now:
1. Historically, September is a bad month for the markets.
2. Right now, the correction phase begins, the depth of which will be at least 3800-4000 according to the S&P500 index.
3. A good and understandable potential for a price drop.
4. The serial production of the truck and pickup truck was postponed.
5. There will be poor sales reports due to a shortage of chips.
6. The systemic crisis in China (evergrande and Alibaba) may affect the purchasing potential in the future
7. Cash flow financing due to an additional issue no needs to make anymore.
8. Joe is sleeping.
And what if?
If S&P500 correction will be stopped this or next week than it will be possible to see the new high.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.