Thursday, February 23, 2017
Follow The Smart Money?
Last night Tesla reported quarterly earnings. Its loss widened to $293,000,000, up from $184,000,000 in the previous one. But Elon Musk did his usual superb job of showmanship and before you know it the stock was trading up five or six dollars in after-hours trading.
This morning, again, the stock was up several dollars in premarket. Note that the pre and post markets, outside of regular trading hours, are mostly populated by professional traders, the smart money.
And so: Tesla opened for actual trading this morning down over ten dollars a share.
Posted by LAL LTD. at 6:30 AM