02/11/2015 – Tesla
Tesla, TSLA:
1. In Tues. (Feb. 10) live stock meeting (and in recent stock meetings) it was noted that any daily and especially a weekly close below $220 in Tesla would place the market into a ‘Sell’ position for a sharp decline to $197/$95 into the week of February 17 (+/-1 week).
2. Since Fri., Feb. 6 Tesla began closing each day below $220, giving the earliest indication for new short entry for the above noted decline.
3. Today (Thurs., February 12) Tesla declined sharply and completed the $197/$95 downside target (today’s session low $193.28, so far). This completes the trade. Will message any further entry or indication in Tesla.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.