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Monday, March 26, 2012

TSLA

TSLA has formed what I think is the first base since it IPO'd. It is not a terribly well formed base, but most first stage bases are not terribly well formed, and the gain until the next base should be pretty small (I have a target here about 39, but is think it might go a little higher than that). The big gains, if I remember O'Neil's book correctly, usually come after the second and third bases. However, until these guys start making some money, I think the probability of it forming second and third bases before it collapses is probably pretty low.

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