Elon Musk: Apparent pot-smoking, smokes TESLA's share price.
Just to be 100% clear, I have not determined what Elon Musk was smoking on the Roe Jogan show. Media sources say it was pot. Video and audio evidence suggests that Musk knew or was led to believe that it was a cigar containing marijuana that about he was about to smoke. It is not clear if this was a prank. He smoked what he was offered.
If it was a prank it was misguided. The point is that markets react to this sort of thing. It’s about perception and human psychology – well ‘beyond technical analysis’.
There may be a limited opportunity to exploit any probability that the one-hour time frame gap could be be closed. Risky – I’m not in it on the one hourly time frame.
Tesla’s move south may have nothing to do with the ‘incident’. Overall ‘tech’ stocks in the USA have been taking a beating. The FANGS have been taking a beating as international trade tensions hit home.
I’m short on APPL – and at no-loss position.