🔴 Become Tim's Next Student, JOIN my Challenge: https://bit.ly/2L3HVPu 🤑👇🏻 EXPAND DESCRIPTION for more LINKS 👇🏻🤑 It’s crazy how a tweet or anything on social media can affect a stock’s performance. Want an example? How about $TSLA? See for yourself just how connected social media and the business world are. Watch this now! LINKS Mentioned: 🔴 Find out more about Direct Relief: https://www.directrelief.org/ 🔴 Check out my charity, Karmagawa: https://bit.ly/2W3xUIw 🔴 Link for a special on StocksToTrade: https://bit.ly/2L4gjK0 🔴 Don’t miss out on my tweets: https://twitter.com/timothysykes 👉🏼Get my FREE weekly stock watchlist here: https://timsykeswatchlist.com/ 👉🏼SUBSCRIBE: https://bit.ly/2MDNeVq to get INSTANT alerts when I post a new video outlining my penny stock trading techniques.* ✅ Share this video with a fellow Trader: https://youtu.be/Uip358Ma9Q0 ✅ Recommended video: https://youtu.be/-Ti_L5VoOGE ✅ Recommended playlists: Day Trading 101: Starter Videos: https://www.youtube.com/watch?v=sxhDIeYxNpE&list=PLTKUP0v0mxhvcNcP55fLthMRuTep2SGzY Advanced Day Trading Tips: https://www.youtube.com/playlist?list=PLTKUP0v0mxhsG4FCc4go7v4EOvyeNubJS My Millionaire Students – Are You Next?: https://www.youtube.com/playlist?list=PLTKUP0v0mxhtFSV2MDrpS6hziwptlpv4_ Trading with the Tims: https://www.youtube.com/playlist?list=PLTKUP0v0mxhvhVuORoUdAQ1yCAZ6RAI_R I wanna talk about something different today… In this video, I’ll show you how social media can affect a stock’s performance. Famous CEOs of publicly traded companies must be careful about the comments they make … or they can find themselves in legal trouble and even publicly shamed. In my opinion, when billionaires tweet, it only distracts them from running their corporations. I get the desire to be real while interacting with millions through social media … I’m the same way. But it can blow up fast. Here’s a recent example … Elon Musk, the owner of Tesla Inc (NASDAQ: $TSLA), recently tweeted that his company’s stock was overvalued. Crazy, right? This tweet pissed off Tesla’s shareholders. That’s because $TSLA dropped about 10% after he posted the tweet. And remember, Tesla is a high-priced stock. It’s not a small penny stock. So $TSLA lost about $10 billion — from just ONE tweet. This was actually a pretty good short. Personally, I didn’t short it. I was scared he’d come out with some press release right after to push the price back up. And really, based on his following tweets, I think I understand what he was trying to do. But I’d never say my own products are overvalued. That can cause investors and consumers to distrust the product and the company. This just shows you that no one’s perfect. Even billionaires can make COSTLY mistakes. I’ll tell you my best guess for Elon Musk’s thought process and what I think will probably happen next for him and his company … Tune in! What do you think was going on with Elon Musk when he tweeted that $TSLA was overvalued, Leave a comment below and let me know! ✅ Follow Tim Sykes and his trading travels: Instagram: https://www.instagram.com/timothysykes/
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