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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (20359)	11/13/2017 12:27:49 AM
From: John Pitera	1 Recommendation Recommended By sixty2nds Read Replies (1) \| Respond to of 33421

"Gotta Serve Somebody" ( And our latest nobel prize winner in literature... Mr Robert Zimmerman... sums it up quite nicely.....) You may be an ambassador to England or France You may like to gamble, you might like to dance You may be the heavyweight champion of the world You may be a socialite with a long string of pearls. But you're gonna have to serve somebody, yes indeed You're gonna have to serve somebody, It may be the devil or it may be the Lord But you're gonna have to serve somebody. Might be a rock'n' roll adict prancing on the stage Might have money and drugs at your commands, women in a cage You may be a business man or some high degree thief They may call you Doctor or they may call you Chief. But you're gonna have to serve somebody, yes indeed You're gonna have to serve somebody, *Well, it may be the devil or it may be the Lord* But you're gonna have to serve somebody. You may be a state trooper, you might be an young turk You may be the head of some big TV network You may be rich or poor, you may be blind or lame You may be living in another country under another name. But you're gonna have to serve somebody, yes You're gonna have to serve somebody, Well, it may be the devil or it may be the Lord But you're gonna have to serve somebody. You may be a construction worker working on a home You may be living in a mansion or you might live in a dome You might *own guns and you might even own tanks* You might be somebody's landlord you might even own banks. But you're gonna have to serve somebody, yes You're gonna have to serve somebody, Well, it may be the devil or it may be the Lord But you're gonna have to serve somebody. You may be a preacher with your spiritual pride You may be a city councilman taking bribes on the side You may be working in a barbershop, you may know how to cut hair You may be somebody's mistress, may be somebody's heir. But you're gonna have to serve somebody, yes You're gonna have to serve somebody, Well, it may be the devil or it may be the Lord But you're gonna have to serve somebody. Might like to wear cotton, might like to wear silk Might like to drink whiskey, might like to drink milk You might like to eat caviar, you might like to eat bread You may be sleeping on the floor, sleeping in a king-sized bed. But you're gonna have to serve somebody, yes indeed You're gonna have to serve somebody, It may be the devil or it may be the Lord But you're gonna have to serve somebody. You may call me Terry, you may call me Jimmy You may call me Bobby, you may call me Zimmy You may call me R.J., you may call me Ray You may call me anything but no matter what you say. You're gonna have to serve somebody, yes indeed You're gonna have to serve somebody, Well, it may be the devil or it may be the Lord But you're gonna have to serve somebody. Bob Dylan - Gotta Serve Somebody - Grammy's 1980 surprisingly only 22,357 views as I post this..... but then again ... probably not surprising.... JP

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) \| Respond to 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

To: John Pitera who wrote (20359)	11/13/2017 10:20:46 AM
From: Fintas	Read Replies (1) \| Respond to of 33421

TSLA. Previously I had that hit of 142 from on high as a safe hit. I had a possible 90 lower. Here and now I maintain that 142 can be retested and yup first the 243 has to go. However I'm more confident that the 90 can be hit today then back in 2015. I love the car and the stock has done well. Yet the business model is suspect. IMO I've put up PNF charts of both the trend and RSI to support the view and any who are good with FA should be able to understand Robert F's view. Fintas