/biz/ - Business & Finance

Repeating,

My coworker who only knows of FAGMAN stock buying Tesla has my "buy" button itching. Don't fight the market flow, you're just going to get burned. /biz/ is full of autists who have no say in how the market goes - the normies do though. And trust me, normies are going to keep buying into Tesla. The only thing that will drive Tesla down is if it somehow reports negative earnings (which will still be drowned out by "oh that's not that bad for COVID performance") and even then it will probably still stay afloat from all the shorts & institutions buying in to rebalance according to S&P 500 inclusions (ETF rebalancing). Even if Tesla is fundamentally not a $2000 stock, the market conditions and "safe haven" mentality will drive Tesla to become a $2000 stock. I doubted myself the past few weeks but main street has a "Buy" rating on Tesla, so we should probably "Buy" as well.

The price only goes down when people sell. People buying "safe haven stocks" usually don't sell for years, if not ever and never.

>RSI 190
>Technical analysis is still a buy
Get the fuck in here retards, Tesla RSI was crabbing above 70 the entire last week and we're STILL going up. S&P 500 inclusion being priced in as we speak.

Institutions scrambling to buy cheap shares before the short squeeze pumps it up even more. You think ETFs will rebalance at September 2020 prices? No way. They're buying RIGHT NOW.