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With TSLA it may not work so well because TSLA has had a high short interest rate historically. So actually, after the split, if we see more shorts come in to d
by marketgod 6y ago
With TSLA it may not work so well because TSLA has had a high short interest rate historically. So actually, after the split, if we see more shorts come in to drive TSLA down, we may get another substantial move up, hence I have $1000 targets for December.
- brandmeyer 6y agoSome fraction of the short interest will choose to cut their losses on the way up. Since that is yet another entry on the buy side of the books, that would act to drive prices up even higher, no?
- marketgod 6y agoThe short interest has really gone down for TSLA significantly. It was double what it is now so I don't think short covering should push the market up, I'd presume the people who think Tesla is a fraud are going to get back in now as it is cheaper and maybe even look for a $240 target to add more shorts.