Friday, November 21, 2014

Opened Short TSLA

TSLA is one of those stocks that everyone watches and marvel  at how high its gone.  I've tracked it for a long time.  I was less than impressed by the all time high it made on lower volume. And noted my charts at the time.  

TSLA has since made a higher low and now again another higher low. As the selling is increasing with volume to the downside I entered my short.  If this works, It will work remarkably well.  If it doesn't, I feel the risk here is manageable, but the trade favors the bears here.

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