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BGU - TSLA 8/8/13

Tesla Motors (TSLA) gapped higher by 14% in after hours trading after a strong earnings report, beating revenue estimates. It is currently up 15% in premarket trading. TSLA has been the leader of leading stocks in the current cycle. TSLA has only been climbing for a brief while, up about 275% from its breakout if it opens at 150. Thus, today's gap up is a buyable gap up since the best leaders in any cycle are generally up several hundred percent or more. That said, TSLA is trading about 150% above its 200-day moving average if it opens around 150. While this is a very high percent above its 200-dma, history shows such leading stocks should continue their move higher, though with volatility, so position size with care. Should the markets have a correction here, TSLA could tumble further before regaining its footing.

If you sold some or all of TSLA before earnings, you can buy back part or all of your position, using the BGU sell rules we have outlined in the FAQs and keeping in mind your risk tolerance levels.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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