John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (20359)	11/13/2017 9:39:45 AM
From: robert b furman	1 Recommendation Recommended By sixty2nds Read Replies (1) of 33421

Good Morning John, FWIW I have no tsla position. It is a darling stock that has chosen a low margin business to reinvent. It does look like it is finishing up an ABC back to the break out level - which should now be support. The shorts will have a battle royal there either way. Personally I hope it reverses and goes higher. Much like AMD was a long term short for me as they were taking on INTC with debt and INTC had no debt - it was a losers game. Long term: TSLA bones will be picked by big OEM's. The patent portfolio will be the greatest value. Let the cash burn games begin. This pig will have more lipstick than a luau - but a roasting is in the cards. By the time they reinvent the world's EV's, the original model will be old and a refresh will be due. Sooner or later ya just run out of money. Additionally I never invest in an industry that is being supported by government subsidies - when the winds change - the subsidies go away. Ask GE how their power business is doing? Bob

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