$Strategy(MSTR)$ Spiraling down to nothingness. Last night's action looks to be like last grasp, and only success was delaying the invitable. Look at Bitcoin prices now. $73k and still under pressure. How long can MSTR hold before they have to start selling their Bitcoin? And if they do, it will do two things. 1) Press Bitcoin prices down even more. 2) Show a loss for MSTR as their average cost is $76k. Not the best of dayd for MSTR and Michael Saylor.
Tesla makes one of the biggest daily drop in it's history today. And at the moment there seems to be some bounce. But I think it is only a temporary bounce created by day traders who have shorted the stock. I am staying with my price target of $170 as the real base. This is because a month ago, this was where Tesla begun the FOMO indused run created by Elon Musk talking about Robotaxi and 8/8 first view. Now that robotaxi has been delayed to October, should Tesla not go back to the starting point? Especially after this dismay quarterly result?
$Rigetti Computing(RGTI)$ I will be very careful about being over confident either way on Rigetti. It may fall back below $2, or it can just as easily resume it's climb above $15. Be very nimble and quick in making decisions if uou are trading this counter. At the moment, after the last weeks trend down, I will be inclined to bet on a rebound in a day or two. No more shorts for me for the moment.
$Tesla Motors(TSLA)$ Guggenhiem has targer price of $134 and Well Fargo has target of $120. I am not so cruel. My target price is $170. This is because a month ago it waa around this price before the FOMO crowd got suckered by Elon Musk with his robot talks.
$Tesla Motors(TSLA)$ Down another 3.6% pre-market. Watch out for the 386 support level. If that does not hold, 365 is next line of defence. Failing to hold that will bring Tesla into new lows for the year.
$Tesla Motors(TSLA)$ Financial report out on Tuesday 22nd April. Next week! Will TSLA go back up to $280? Or down to $180? What do you guys think? My own opinion - down to below $200 and 1st support at $180. If that breaks, Wells Fargo and JP Morgan prediction of $120 will be visible by year end.
$Strategy(MSTR)$ MSTR has a very danger of going insolvent. It's breakeven price of Bitcoin is around 74k which is not very far from today's price. And with the leverage MSTR has taken for their purchases, really scary position to be in now.
$Tesla Motors(TSLA)$ This is starting off really bad. Already down almost 5% at $251.00. If Tesla does not hold $250.00, it will test $238.00 by end of the day. And if the Tuesday report comes out poor, my $180.00 expectation will be around the block....
$Tesla Motors(TSLA)$ The attempt to break out failed. Tesla needed to enter the earnings reporting week with some cushion. The way it ended the trading week is not good. At $241 plus, my expectation is it will retreat to $230 prior to Tuesday the 22nd April. And if the earnings results are as poor as I expect it to be, Tesla will likely go down to $220. Or lower. But beyond this earnings season, I expect Tesla to fall even further to below $200. Again, my target price by mid-year is $180. I am kinder than Wells Fargo and JP Morgan who have called $120......
Tesla Is really good for shorting. Yesterday's pre-open high was above 181. And an hour into the open it fell to near 173. Now trading at 174.20 post-market. All these volatility caused by Elon Musk's erratic behaviour. He is making life interesting for Teska stake holders.