ELON MUSK IS UNLOADING SHARES OF HIS OWN COMPANY IN A BIG WAY.
You can see by these SEC filings that Elon musk has sold a ton of shares of his own company. Last time you did this there was a significant downtrend that occurred following similar SEC filings from Mr. Musk in the past. I'm not saying that that will happen this time. But with a sale this big, and most of it was done on the open market, it is definitely something to take note of. also take note that these SEC filings came out after the US markets closed. We may very well possibly see a gap down if the markets across the world take this information badly. I know in Europe there is Tesla 10x and -10x leveraged shares traded so it will be interesting to see how Tesla opens in the US tomorrow.
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102137116 : https://www.reuters.com/business/autos-transportation/elon-musk-sells-792-million-tesla-shares-worth-69-billion-sec-filing-2022-08-10/
102137116 : Apr’2022 he sold $8b n Aug $6.9b worth of shares. I think he will stop doing this from today until stock spilt. If CPI data is not too bad, I think the price will start rising from today until stock spilt.
102218509 102137116: don't get the hope too high for the split in this kind of market. in fact, the stock alrdy factored in the split earlier when it shot up to 900+.. dun think will have much effect when it actually happen.. I might be wrong though.
102137116 102218509: I look for 900+ should be possible
SpyderCallOP 102137116: I am just worried because Tesla share price has broken below support of an upward trending price channel as of today. that kind of worries me a bit
102137116 SpyderCallOP: Let’s see the general mkt and the data released today.
icezzz : What time release cpi report?
SpyderCallOP icezzz: CPR came out 20 minutes ago and it shows it inflation is slowing. the market is ripping off of that economic data
icezzz SpyderCallOP: Market is temporary rally or change to bull trend?
SpyderCallOP icezzz: it's starting to look like we are in a bullish market at least for the short term. we had a solid bottoming pattern on all the major indices. all of the major indices are breaking out above the downward trending resistance from the price channel that is brought them down since last november. and the very bottom of the S&P 500 this year was during the quad witching day exactly at the end of the first half of the year. I mean it looks too perfect to say that that was the bottom. but I do not know how long this uptrend could last. it all depends on the macroeconomic picture and inflation at this point. and it looks like inflation is going down.
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