Catchup on all my $TSLA tweets since Oct 2019. a ton of funds were balls deep short with insane size, with a breakeven price of around $305 (presplit). So i explained repeatedly that if we reclaimed $305 it would result in a MASSIVE demand imbalance due to..
https://twitter.com/Rooky_Trader/status/1346907766288310272
delta hedging, short covering + fed pumping & retail chasing etc, that could catapult $TSLA to $1000 by june 2019 & eventually $1600 (presplit).
As of right now there is over $30 BILLION worth of demand from bagged shorts alone, ready to clog the bids at every dip.
As of right now there is over $30 BILLION worth of demand from bagged shorts alone, ready to clog the bids at every dip.
Add to this the constant delta hedging and dumb ass retail who loves to chase overbought shit, plus the $SPY inclusion index buying plus fund managers who "chase performance" etc and it doesnt take a rocket scientist to figure out that there is way more demand than supply.
This imbalance can continue "forever" until
a) a MAJOR negative catalyst hits
b) FED starts to raise interest rates dramatically
c) majority of shorts are all squeezed out
d) majority of retail & small funds are fully long (no one left to buy)
Only then will supply dominate.
a) a MAJOR negative catalyst hits
b) FED starts to raise interest rates dramatically
c) majority of shorts are all squeezed out
d) majority of retail & small funds are fully long (no one left to buy)
Only then will supply dominate.
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