02.07.2020 TESLA Daily Analysis
Do you remember when Musk tweeted out about how he was thinking of taking the company public at $420 and that he had ‘funding secured’?
Yayınlanma: 2 Temmuz 2020 18:44
Güncellenme: 5 Kasım 2024 16:17
02.07.2020 TESLA Daily Analysis
Do you remember when Musk tweeted out about how he was thinking of taking the company public at $420 and that he had ‘funding secured’? What was risible about the tweet was what an absurdly high price he was suggesting. It's almost three times that much now. In a relatively short amount of time, the public markets are willing to pay almost triple what not long ago seemed like a totally zany takeover price. Green was a beautiful bullish setup, and I said as much at the time (an adjunct to my over-the-top praise for the stock). The stock was about $40 back then. Yellow was the “launch” phase from that bullish base when the world really started paying attention to this stock. Cyan was the “going nowhere phase part one” portion of the stock’s history. In nominal terms, big price swings, but from end to end, a lot of smoke and not much fire. Grey was “going nowhere phase part two”.
