I follow the sell/buy ratios during the day and noticed Thursday morning, a brief buy sliver ... almost a probe. If past patterns repeat, I would expect another local 'peak price' is coming:
- Friday morning, first 30 minutes - SHORTs jumping on the stock in light of current 'bad news' from the anal-ists.
- Friday afternoon, last 30 minutes - SHORTs trying to 'carp diem' IF the prices seem locally low. Additional 'sack cloth and ashes' articles expected to soften the price.
- Monday morning, first 30 minutes - late SHORTs trying to get out of their position. The NASDAQ short report should be out (or leaked.)
IMHO, a pause in a SHORT squeeze is expected and they will be trying to cover their margins by clever strategies is not trivial.
I'm still pissed about 'lying by omission' such as this example:
https://www.cnbc.com/2020/01/16/new-tesla-registrations-in-california-nearly-halved-in-q4.html
Tesla’s overall vehicle registrations nearly halved in the U.S. state of California during the fourth quarter, according to a Dominion Cross-Sell report, which collates data from state motor vehicle records.
. . .
The report released on Wednesday showed registrations in California, a bellwether market for the electric-car maker, plummeted 46.5% to 13,584 in the quarter ended December 2019, from 25,402 in the same period a year earlier.
Model 3 registrations, which accounted for about three-fourth of the total, halved to 10,694.
. . .
The new data comes nearly two weeks after Tesla beat Wall Street estimates for annual vehicle deliveries and met the low-end of its own target, . .
This is a year-over-year, per quarter this partial report saying 25,402 - 13,584 =
11,818 cars. But they did not mention the
2019 Q4 metrics: "
112,000 total deliveries" and "
92,550" Model 3. This means 11,818 / 112000 ~=
10%. The report and news articles did not report on increased China and EU sales.
Bob Wilson