TSLA, Tesla Motors update

The usual then – 15th Aug, 2013 – and now charts;

tslaTSLA Aug 31 2013

On Aug. 30 the new Elliot Wave Financial Forecast came out and, reading it, I was surprised to see a chart of Tesla Motors in there. This chart is, more or less, duplicated on the right, except that mine spans a slightly longer timeframe, from Aug. ‘12 rather than Jan. ‘13. This allows me to add my own  “gap-in-the-middle” observation. Otherwise the chart is identical in most respects showing the parabolic rise of this stock. They believe the stock will fall soon and retrace the entire rise. Given how many stocks there are and given that is not mainstream by any stretch of the imagination, it is a huge coincidence that the ONLY individual stock that is mentioned in their publication is one that I discussed less than a fortnight earlier! This is the 4th time this has happened. They charge for their subscription, I do not and I am seriously considering starting to do so soon as it becomes a little annoying to pay for your own stuff in someone else’ publication. For the moment I will just flatter myself with the thought that great minds think alike. Tesla, by the way, is a sell.