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hey the next morning to buy even if it means not buying them okay Tesla um the other day they reported that they were going to be selling a like a a new and not improved uh Model S a cheaper version of Model S okay the stock fell little bit and then on Friday big mve down on news that there was some kind of issue with their suspension and and yeah I don't know the exact details and frankly neither did anybody seem to on CNBC didn't really know exactly what it was about but there was an issue with respect to them requiring um customer or car owners with um suspension issues to sign non-disclosure agreements okay when you hear that it's not good for a car company even if it's maybe well we don't know exactly how widespread it was kind of thing so anyway the stock fell more so what do you do with this I've said this before in various venues um at um stock market Mentor anyway and I think option Market Mentor too um this chart's just a mess if you just look at where this has been over the last year or more it's just been all over the place and so right now there's nothing going on with this stock that I would want anything to do with if you you're saying like I can't believe you said that Dan well then you're a Tesla fan that's fine I'm just saying from a technical standpoint there's nothing going on here that makes this a compelling buy and if you think well why don't you sell it hey I can't do that either because it's Tesla and this thing has look the guy who runs it is talking about going to Mars really have you seen the Martian um that doesn't look fun so there's really nothing going on here in my mind anyway which is actually maybe there's nothing going on in my mind um or maybe I'm going to Carolina with Jim uh Taylor anyway so Amazon they um announced after the market on Friday after the market closed that they're going to have their own streaming news Sur service okay so let's see what happened with the price of the stock not a whole lot I think after the kind of week that we've had um Traders were already hitting the bars doing the martinis I mean there's really no real movement so I don't anticipate suddenly the news coming across the desks on Monday morning and they're being a big uh Splash on this either I think this stock ultimately goes higher and that's just simply because that's the way the trend has has been but I don't see a compelling reason to buy it if the stock happens to fall down um below 700 hopefully like to 680 670 something like that it would be hard to buy it because you got to look at it and say wait a minute well there's something wrong with the stock but that's when you want to buy it if the stock happens to pull back then you want to buy it on the other hand this is the other side of the coin if the stock starts trading at all-time highs again you need to be on board because it's probably not going to look back okay and then finally Apple um they've got their developer conference on um starting on Monday and I guess the big deal is they want to make uh one of the things they're going to do is unveil how they're going to make Siri smarter um um so anyway I was thinking like let me see the see if I can get the skinny on this so I'm asking Siri hey Siri are you going to get any smarter I can't answer that okay so you see we got a ways to go on this um the other deal is Apple is going to they what is it 925 Mac um they're going to have a car and a power company and all that jazz I'm looking at this and I'll still say the same thing I'm not betting against Apple I have absolutely no position but I got a bunch of devices the stock is in jail underneath a hundred bucks and even if it start start's moving higher frankly I don't think it's going to do it because they're making Siri smarter the stock still has a pretty low seiling on it and it's fine to hear people say stock isn't and I've actually said this before just before I sold it um stock isn't a stock Apple isn't a stock to trade it's a stock to just own and that may very well be good but when the Stock's moving down like it is it's not a stock to own it may not be a stock to trade but it's not a stock to own I want to see this type of price action I just want to see it start doing this and that's when I'll buy I'd rather buy it at 110 than 91 just because it'll show me that the Stock's moving higher that's just me wanting to be in stuff that's moving higher and that's really no deeper than that okay that's it for this video three stocks is saw TV I'll see you next time
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