I just heard an analyst describe the current period for Tesla as being “catalyst light”. I have never heard this term before, but I assume it means that one can wait to buy the stock until such time as there is a newsworthy event to get speculators juices , and momentum, flowing. Another sign of the times I guess, but we have always preferred to position ourselves when price is a reflection of catalyst blight. In other words, we look for those opportunities where the price in the marketplace is indicative of a market that places a very low probability on any significant shift in the current environment.
The Informed Contrarian 