Next Shorting Opportunity For Tesla
Tim Knight | Nov 19, 2013 02:31PM ET
After I boldly posted my Tesla Top screed, which flew in the face of every analyst on the planet, Tesla has been falling to pieces. Tesla, as I predicted, has become a short-selling paradise. This morning, however, in a classic example of the “news” being priced in before it was even out, the Feds announced they were opening a probe into all those inconvenient fires that Tesla sedans keep having. The stock actually went higher.
I believe this will simply provide another opportunity for shorting. I think it’ll poop out in the lower 130s and then resume its slide. Who knows…….maybe this stock could re-enter the double digits within the next few months.
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