GB: $TSLA MIC Y has a 4 mo wait. It’s entering India. Analysts are playing leapfrog raising PTs. Active mgrs have to own it or get fired. It’s cheap at 80x 2022 EPS vs 55% growth.
The guy I used to work with (I’ll call him “Q”) who shorted $TSLA at $600 in Dec called me today:
Q: Why is $TSLA up 6% on no news?
GB: Because it was down 8% yesterday on no news - unless you call a 10 bp rise in treasury yields and $BTC collapsing news. You still short?
I had a two-day email exchange with a guy I used to work with who now runs a $600M hedge fund and shorted $TSLA at $600. He\u2019s now kicking himself as $TSLA approaches $700. Amazingly:
— Gary Black (@garyblack00) December 28, 2020
1/ He\u2019s a value investor who doesn\u2019t own growth stocks, but thinks he can short growth stocks.
GB: $TSLA MIC Y has a 4 mo wait. It’s entering India. Analysts are playing leapfrog raising PTs. Active mgrs have to own it or get fired. It’s cheap at 80x 2022 EPS vs 55% growth.
GB: The Street’s been wrong on $TSLA forever. Why do you listen to them? You really shouldn’t be short going into Biden’s inaugural speech and the FY’21 volume guide at the end of Jan. You’re going to get run over.
GB: Did you rent a Tesla for a week like I told you?
Q: No. You know I don’t drive.
GB: Did you build a $TSLA 5-yr volume, earnings, cash flow model?
Q: No. No one can forecast out 5 years.
GB: Did you talk to any Audi or BMW dealers? Or Tesla owners?
GB: Q, you haven’t done any real research. $TSLA ‘s up 40% since you shorted it. Maybe you should figure out why it keeps going up.
Q: It keeps going up because people like you are pumping it.
GB: You’re giving people like me too much credit.
GB: You’re using the wrong metric. TSLA’s future competitors are $AAPL, $GOOG, $AMZN, $BIDU, plus Rivian, Lucid and new SPACs launching dedicated EVs. The legacy guys are dead.
GB: CNBC is looking backward at 2020, when Tesla’s plant was shut for 7 weeks, and capacity was re-purposed to produce Y CUVs, which more than doubled TSLA’s TAM, but none got to Europe.
GB: And $AAPL was a cellphone company that destroyed Blackberry, Nokia, and Motorola. $AMZN was a online bookseller that destroyed the entire retail industry.
More from Trading
DJ @ITRADE191 multiple chart analysis for INTRADAY TRADING.
1. Core setup
2. Pivot points trades
3. PDH/PDL trades
4. Open interest addictions combined with rejections on charts.
5. Website to confirm bias
Very quick read.
Share if you liked for the benefit of everyone.
•Main setup of @ITRADE191
He used this setup daily for all trades.
1. EMA crossover 10/20
2. Supertrend 10/3
3. Vwap
4. RSI >
•Volume always greater than
•Candle Rejecting from
•Pivot settings
1. Core setup
2. Pivot points trades
3. PDH/PDL trades
4. Open interest addictions combined with rejections on charts.
5. Website to confirm bias
Very quick read.
Share if you liked for the benefit of everyone.
•Main setup of @ITRADE191
He used this setup daily for all trades.
1. EMA crossover 10/20
2. Supertrend 10/3
3. Vwap
4. RSI >
@MiteshFan @Mitesh_Engr @Abhishekkar_ MY TRADING SETUP .... I've been using it for a long time .. result good try it \U0001f607 pic.twitter.com/XThUD0ftbl
— itrade(DJ) (@ITRADE191) June 13, 2020
•Volume always greater than
Volume Should always be above 20 pic.twitter.com/CPgxLgpPKF
— itrade(DJ) (@ITRADE191) June 13, 2020
•Candle Rejecting from
— itrade(DJ) (@ITRADE191) August 25, 2020
•Pivot settings
— itrade(DJ) (@ITRADE191) October 20, 2020
A 🧵on the basics of block and bulk deals.
Block and bulk deals are large purchases of stocks by investment banks, mutual funds, hedge funds, pension funds, FIIs, and promoters. Tracking block and bulk deals can help give you a sense of what these large players are thinking.
A single transaction where shares more than Rs 10 crores or the number of shares traded are more than 5 lakh is considered a block deal.
Block deals are carried out in separate trading windows. This trading window operates in two shifts of 15 minutes each:
Morning trading window from 8:45 AM to 9:00 AM.
Afternoon trading window from 2:05 PM to 2:20 PM
Block deals happen in different windows to reduce volatility and sudden price movements. Given that they are traded in a separate window, they do not show up on the volume charts.
Brokers facilitating the transaction are required to inform the exchange. You can track bulk and block deals on NSE & BSE:
https://t.co/pwTyzWTnUL
https://t.co/g9BbHiEag3
Block and bulk deals are large purchases of stocks by investment banks, mutual funds, hedge funds, pension funds, FIIs, and promoters. Tracking block and bulk deals can help give you a sense of what these large players are thinking.
A single transaction where shares more than Rs 10 crores or the number of shares traded are more than 5 lakh is considered a block deal.
Block deals are carried out in separate trading windows. This trading window operates in two shifts of 15 minutes each:
Morning trading window from 8:45 AM to 9:00 AM.
Afternoon trading window from 2:05 PM to 2:20 PM
Block deals happen in different windows to reduce volatility and sudden price movements. Given that they are traded in a separate window, they do not show up on the volume charts.
Brokers facilitating the transaction are required to inform the exchange. You can track bulk and block deals on NSE & BSE:
https://t.co/pwTyzWTnUL
https://t.co/g9BbHiEag3