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Today’s volume was the highest during the run up from 25-30 dollar range to 100.
I expect the next five days to be wild wide-ranging days as the market tops out but make no mistake…
This is not a bubble it’s a feeding frenzy that got away from the institutional players, as the day traders piled in providing more supply imbalances and too much liquidity.
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CIMT is a good example earlier this year of another “sexy” stock that got way institutional players in much same way that TSLA did in the last few weeks.
The charts above and below almost look identical even though CIMT rocketed to be a 10-dollar-stock while TSLA surged to the 100-dollar-level. With both stocks showing the highest volume levels (Red Lines) moving to the blow-off levels.
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Once the stampede had halted CIMT was driven down to acceptable levels as we see the strong volume level fall from just above $10 dollars as a ceiling, to $6 dollars and $7 dollars as a floor. All through the “correction” Institutions where shorting to accumulate on the way down and through base.
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DDD was also shaken out in the same manner, so let there be an orderly feeding with everyone taking their turn with TSLA.
And when it bottoms and rebounds that will be yet more proof that this is a stock to own long term.
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James,Carter,Musk,Dow 