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TSLA and Earnings Reports

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Eric Ash asked 4 years ago
Hi Pat! I bought TSLA before their earnings came out thinking ? if it was good, their stock would go up. So i bought 6 shares at 1600/1615. After the report, they have fallen and stayed in the 1500 and now 1400s. I have a few questions, why did they fall if the report was better than expected? How long should I hold? Will they go up again to rise before their next report date? Is this routine for institutional buyers? Or was this a big hype bc of the space launch? Thank you again for your awesome advice and kind words in speaking to us, your followers/teammates!  Eric
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Avatar photoOwen Staff answered 4 years ago

Hi Eric,
Video from Patrick:
https://youtu.be/VvyLdH9w2-Q

Eric Ash replied 4 years ago

Thanks, Pat! That clears up a lot for my thinking and pondering! I will be holding for awhile and may shoot another question in the future. Since I am new to trading, not completely new, but new enough to know that emotions can roll around big time and that that is part of the job description, I am very happy to hear from you and your thinking throughout the day and your analysis! Thank you again! Rules help keep the stress down in order to think clearer!