I sold Tesla at $354 in June for the following reason, the company is burning cash right now with its rapid expansion and is likely to need to raise further finance by issuing fresh stock. This in turn will drive the stock down. To date Tesla is a huge success and has already transformed the automotive market (who wouldn’t want to own a Tesla?). Il be picking it back up at a lower price in the near future, hopefully I’m right and I’m not missing the boat.
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Great trade thus far, may want to take some profits near the $280 level.
Il certainly be keeping my eye on it :)