Apr 23/14 – A series of rolling bubbles

I am going to tell you a story about buying Tesla at $37. Before you dismiss this as yet another trader regaling you with stories about his great trades, I urge you to press on and see why this trade is more of an embarrassment than a source of pride.

It was a little more than a year ago that I began to understand the potential of Elon Musk and his elect…