Tesla (TSLA) Tanks As Window Dressing Over

Tesla Motors Inc (NASDAQ:TSLA) is dropping fast. This is a direct result of window dressing at the end of the third quarter pushing the stock up far too high and far too fast. I wrote an article a few days ago explaining this very thing and why TSLA was jumping higher and also why you should expect a collapse after the start of the new quarter.

The bottom line is this simple fact. Fund managers buy the best stocks at the end of the quarter so they can fool their investors into thinking they owned them all quarter. This causes a big pop in stocks like Tesla and other best performers. The issue comes into play with this is excessive buying which will cease at the onset of the new quarter. When that new quarter starts, the stock has no more bidders and will fall quickly. This can be seen today on Tesla. The stock is trading at $185.65, -7.35 (-3.81%).

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About Gareth Soloway 168 Articles

Affiliation: InTheMoneyStocks.com

Gareth Soloway has been an avid swing and day trader since his days at Binghamton University where he studied Economics. After college, Gareth quickly excelled as a financial advisor, helping clients get their financial houses in order. While helping others gain financial independence, he continued to study the day trading and swing trading world, developing a unique market philosophy and proprietary methods. Following his work in the financial sector, Gareth went on to trade alongside professional traders. Unable to tolerate the hype of Wall Street any longer and having an amazing ability to profit using his developed techniques, Gareth Soloway decided to partner with his friend and colleague, Nicholas Santiago to form InTheMoneyStocks.com. Chief Market Strategist Gareth Soloway serves as the president and CFO of InTheMoneyStocks.Com.

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