Submitted by Guysmarket t3_z848g6 in wallstreetbets
Bradleynailer t1_iyb2rpa wrote
Reply to comment by Its_me_mikey in Careful Going Long on Tesla by Guysmarket
Elon made multiple large sells at a price quote a bit above where the price is now. Currently, the stock is trading in a range below those large sells. Why would Elon sell a bunch of stock if he thought his stocks were cheap? There is also a gap well below the current price. That is where there is a gap in the stock price from one day to the next, usually from some important bit of news. More often than not, those gaps eventually get filled as the stock crosses over those missed prices. If that happens here, Tesla stock price would have to drop quite a bit.
Its_me_mikey t1_iybft4k wrote
This is the kind of answer I was looking for. Thanks king.
Guysmarket OP t1_iybi2xf wrote
what he said
JoseArcadi0 t1_iybvjwt wrote
I was gonna post the same but my leg hurts
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