It’s a good thing I recommended selling one of the positions on TSLA last Wednesday…and selling the other position Tuesday morning.
Tesla Inc (TSLA) daily
An analyst at Goldman Sachs downgraded TSLA this morning hence the 7% sell off. What is quite amusing is that this particular analyst has the worst track record on the planet. Go figure.
TSLA traded all the way down into support today so likely to get a 3% bounce tomorrow.
All in all we made a nice profit…twice.
Remember, we can always get back in.
Trade Smart,
Don