Who Is Shorting Tesla?
Modern Energy Roundup - February 24, 2012
Here's this morning's Modern Energy Roundup. . .
Exide Technologies (NASDAQ:XIDE) announced yesterday that it will be expanding its Salina auto battery plant. This new plant is expected to create 130 new jobs. XIDE is down considerably from its recent high of $4.15 after an earnings disappointment. Could be a good play down the road. May consider picking up a few shares in the $2.85-$3.00 range.
Heavy short action continues on Tesla Motors (NASDAQ:TSLA). Shorts probably feeling confident that $35 resistance remains strong. Still not willing to take the short bet, though. Tesla has a way of burning those who bet against it too much. Wouldn't mind picking some up below $30. Also wouldn't mind getting my hands on a new Tesla Model S. Check it out. . .
Enjoy this article? Get even more in our FREE newsletter!
After getting your report, you’ll begin receiving the Green Chip Stocks e-Letter, delivered to your inbox daily.