My premium posts about Tesla has been red-hot the past week. Let’s review the most recent two.
The first was from only six days ago, on Friday, when I called the top. In a nod to the Beatles, I called the post “1234, Can I Have a Little More?” and stated that the charming price of $1234 was a great place for a reversal.
Almost immediately, Tesla went into a collapse that made worldwide news, destroying about a quarter trillion dollars in shareholder value in less than two trading sessions.
I then decided to go out on a limb again (anything for my Gold and Platinum members!) and wrote the not-at-all-subtle post called How High Will TSLA Bounce?
Most people who do what I do will hem and haw and lay out about eighty-seven different possibilities (or, if you’re of a Elliott Wave persuasion, will explain WHAT happened after the fact), but that isn’t my style.
I came right to the point and stated quite plainly: “My view is that dip-buyers will jump in above the psychologically-important $1,000 level and bid TSLA back up to about $1135 or so.”
OK, so how’d that work out?
OK, so within 1% of the target. Is that close enough? I sure think so.
Let the crumbling resume.
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