02-FEBRUARY 29-2020

Leap Year!

Come onGood morning.
Most assets that see a rapid rise by going parabolic quickly see a rapid decline.  Think gold in 2011, which led to a multi-year bear market.  Or think Bitcoin in 2017.
Tesla shares, by rising at a steep angle in the past few months, looked like they were on the cusp of a bigger pull-back.  Yet with analyst upgrades coming in and more good news for the company, it seems as though the company will set a record for surviving a parabolic move up without a corresponding move down.  Shares are now back over $900.  Those who bet on Tesla to hit $1,000 earlier in the year may have been early, not wrong.

February 29, 2019 …
February 29, 2018 …
February 29, 2017…

[was not]
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