Member Info for teslo

I am a financial professional with multiple degrees, an MBA in valuation and Chartered Qualifications in two different fields and I made my bones as a forensic accountant.

I did my due diligence before I joined this bored, you're a clown and anyone listening to you deserves to lose their money.

I am financial professional with multiple degrees, an MBA in valuation and Chartered Qualifications in two different field and I made my bones as a forensic accountant.

I did my due diligence before I joined this bored, you're a clown and anyone listening to you deserves to lose their money.

Historical Falkland was also correct in his post, the price on 3rd May 2018 was 5.88, on the 13th May the price reached it's all time high of £ 6.32.

You, on the other hand bought all the way day from the all time high of £6.32 and then likely sold when Rico resigned at the 170 level, or just above it.

From a technical analysis perspective when a price breaches it's all time high, that is normally a very bullish sign and probably why he thought 650-700 could be breach.

The fact you neither comprehend or understand that BASIC concept say's a lot more about you than Falkland, and Mark Twain put it well .. “it is better to remain silent and be thought a fool than to talk and remove all doubt.

Price is flying this week and it bounced perfectly of support of 352 on Monday.

I really hope the price hit's it previous high's, but does anyone actually believe without the pandemic the price of this share would be even remotely close to where it is now ?

It was not the timing that was out in 2019-2020 with certain posters on this board, it was there reasoning and analysis and the fundamental lack of it.

There was distinct group of posters, who overvalued their own opinions and devalued those that had actually carried out detailed and reasoned analysis of both the company and price. Alternatively, their was a keyboard warrior union representative who also used to make agenda based posts here, before he vanished after being doxxed by @Alan.

Additionally, In February 2020 only @Derek and @Ispy mentioned the impact of the pandemic and that the price may breach the the 125-115 level. Falkland and myself actually thought it might breach the £1 level when the pandemic hit.

I distinctly remember viewing this board in 2019 and early 2020 and the main posters then seemed more interested in proving others wrong and driving anyone who disagreed with there agenda based posting off the board. The main cause of this was one poster who is actually a walking contradiction and anyone who either listens to him or gets drawn into his nonsensical postings actually deserves to lose their money.

Hopefully the rise continues and RMG books a profit in the next results.

To be honest Ned, things have only become positive for RMG due to the pandemic and the company is yet to prove it can be profitable, other posters like Falkland, Derek and Scamp were all correct in their cautious price analysis pre-covid.

Additionally if memory serves me correct, both Falkland and Derek predicted a price of sub £1.75 pre pandemic and then £1.25 after, both these targets were hit. Scamp also predicted Sub £2.20 and sub £2.00 in 2019 when 90 % of the board was talking nonsense, dismissing anyone with a different opinion.

People tend to only see what they want to see and many on here have very selective and short memories, also forgetting that Rico's original £1.8 billion plan for transformation was effectively shutdown and opposed by the union and was one of the reasons the employees balloted to strike.

The real irony is that Rico's vision for automation, has now become the ONLY option open to RMG and pretty much the key to the share price hitting it's former highs.

The USA monthly jobs reports was released around 1.30pm and the data was below expectations, 140k Jobs lost rather than the expected 50k gains.

US data always has an impact on global markets, as they all tend to follow and are led by the DOW, either way RMG has performed well this week and seems to have found support at 3.52 with 3.67 being the new short-term resistance level.

To be honest Scamp I had no Idea Elon was close to surpassing Bezos when I posted earlier today.

If Biden issues the $2000 stimulus cheque, followed by another one in the Spring, Tesla will likely break $1000 which is effectively $5000 a share, before it inevitably crashes and burns.

Option trading is huge in the USA, that combined with all the new additional Robin Hood traders who have been loading up on in and out of the money call options since March, it made it really expensive for Call-Option sellers to cover their positions, forcing them to buy the stock as a hedge which has vastly inflated the price. Plus the shorts have also getting burned on this since January 2020.

It's crazy to think Tesla was $188 in September 2019 and it's now trading over $4000 in old money (800 post split.). and it has never once made a profit.

Shorter's have been getting burned on this since January 2020

Elon just overtook Jeff Bezos as the world richest man.

If the Governments keep printing money and pumping liquidity into the market they will continue to inflate.

Eventually though it will come down to whether or not companies meet the markets expectations when they start reporting year end figures and more importantly Q1 and Q2 2021 results after the economy reopens.

I cannot imagine what the expectations will be for a company like Tesla, which now has a market cap larger than it's 9 biggest rivals combined, Elon could at this stage just issue more stock and become the world richest man overnight, his wealth has increased $150 billion in 2020 alone. His company also received billions in funding from the Government, yet the Government is stalling on delivering the $2,000 stimulus cheque to people that really actually need the money.

It's never one tool more a combination of all of the elements combined with having the correct mindset to trade.

I have a financial background academically and professionally, so company analysis, risk analysis, valuations and the math element of charting and technical analysis came naturally to me and was easy to pick up. Having said that I still paid for my education, trading and losing before it finally all came together.

In fact the best advice and or resources I ever read or viewed about trading were more about the psychology of a trader.

This is the biggest liquidity rally in history and most likely the biggest bubble also.

FTSE is fast approaching 7000 and is now less than 10% away from pre-covid levels, the DOW is at record highs, yet the economy remains closed and covid numbers both here and in the USA continue to hit record numbers daily.

The rich will get richer, whilst the poor and low income earners will continue to be crippled financially in 2021.

To be honest the key to TA and Charting is not the information that is being presented, it's having the understanding to know what it actually means, knowing how it is calculated and understanding how people actually utilise and use it to trade in and out of positions and investments in real-time.

Just monitoring the data on the site you posted, will ultimately become a self-fulfilling prophecy and it would actually lead a person to second guess themselves, due to the nature of all the different indicators and the information being presented.

Some technical indicators are leading whilst others are lagging, and it's the same with the different time frames, which means they will contradict one another. On there own and without being able to overlay them onto candlestick chart in real-time they're actually pretty meaningless. Finally the information shown on the website you have been using is neither 100 % accurate or posted in real time.

No

It's a good sign Shaun, and too be honest with the country in Lockdown at least until March, the momentum going forward especially in the lead up to results day is positive.

The price is at overbought levels but whilst it continues trading above its short, medium and long term moving averages the trend is up and it may well continue to pump higher and test 377 but nothing is guaranteed. Some will try and ride it up, whilst the more conservative investors will either lock-in or protect profits.

Once Lockdown end's and the economy reopens other sectors that are being heavily shorted now will start returning to their pre-covid cashflow and profitability levels. When that happens RMG will have to show especially in the Q1 and Q2 2021 reports that they can keep pace and match them, otherwise the shorts will be back.

4th February would be my guess,

Followed by the full year end report in June and the Q1 report in July, hopefully normality will have resumed by then and that is when reality will most likely set in, not just here but in the markets as a whole.

Q1 and Q2 reporting in 2021 will be the real test for RMG as a company.

Twice it failed to break 3.57 today, this morning it tested it on high volume, this afternoon volume was low and the sellers are now forcing it down.

At 3.57 every time frame is at overbought level's outside of the daily time frame, which is pretty much the same scenario as December 16th, indicating a double top. It would be nice to get a drop back to the 3.10 - 3.20 level and then another push up going into results week.

An extended lockdown beyond the nine month trading update in early February I personally think favours an up day, but that is not a risk I will be taking.

Lot's of money is going into this share especially in the last hour or so, and a close above the 52-week high of £3.57.5 would be a huge positive.

I tend to agree with your line of thinking.

The price really needed to break £3.57 this morning.

if you sold today and bought them back in a few days/weeks time, there is a actually a much higher probability of making 20p a share, then relying on the possibility of RMG issuing a dividend in the next RNS.

Historically, holding this share into results day is pretty much the biggest gamble any shareholder can actually make.