Some days are just funnier than others. It's come to my attention that a forum member has been posting on a Chinese forum claiming that I've been trading on inside information. And not only that, that I've shared that information with some of you (NigelM, fluxcap, AlMc, wk057, daveT, TSLAopt, sub, causian) and caused you to either sell or reduce your core positions in TSLA.
This may be a surprise to some of you, since of that list, I know there are some I've never had a private exchange with. Not once. But no matter. And for the record, I do not have inside information that I use for trading.
Obviously this person is using this story to bolster their bear position. Personally I find it sad that they'd make up stories to try to prove they are right. (Of course I also understand that they've said I was a liar if I said this wasn't true. No arguing that logic!) And I also find it interesting that someone would be so 'in the know' that they'd not only know about my financial portfolio, but all these other people, too.
Anyway, only posting this so 1) if someone here is being told this crock of bs, they will understand it for what it is, and 2) if someone here is arguing with that person, they can point to this thread.
Of course if that person would care to speak up and talk to me directly, I'd welcome that. Mostly because it would be interesting to see who it is.
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Update 3/9: At this point, I think this whole thing is a result of squabbling over on another forum in China as to who is right and who isn't (not like that ever happens here). As I told a fellow forum member this morning, I don't really care at this point who or why, not worth getting to the bottom of it. Insider trading, private circle, influencing -- I don't know how true all of that is or isn't. It just doesn't matter.
But I would like to just make sure a few facts are straight, so that there isn't any question by people who don't know me:
This may be a surprise to some of you, since of that list, I know there are some I've never had a private exchange with. Not once. But no matter. And for the record, I do not have inside information that I use for trading.
Obviously this person is using this story to bolster their bear position. Personally I find it sad that they'd make up stories to try to prove they are right. (Of course I also understand that they've said I was a liar if I said this wasn't true. No arguing that logic!) And I also find it interesting that someone would be so 'in the know' that they'd not only know about my financial portfolio, but all these other people, too.
Anyway, only posting this so 1) if someone here is being told this crock of bs, they will understand it for what it is, and 2) if someone here is arguing with that person, they can point to this thread.
Of course if that person would care to speak up and talk to me directly, I'd welcome that. Mostly because it would be interesting to see who it is.
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Update 3/9: At this point, I think this whole thing is a result of squabbling over on another forum in China as to who is right and who isn't (not like that ever happens here). As I told a fellow forum member this morning, I don't really care at this point who or why, not worth getting to the bottom of it. Insider trading, private circle, influencing -- I don't know how true all of that is or isn't. It just doesn't matter.
But I would like to just make sure a few facts are straight, so that there isn't any question by people who don't know me:
[*=1]I've never made a trade based on any information from someone at Tesla.
[*=1]Basing trading strategy on what it's perceived that I will or won't do is not a good thing to do. Clearly trying to buy in at the bottom failed me this last round
, because I used up all the dry powder before we got to bottom. Ah well. I'm in it for the long game, so doesn't matter. Right? RIGHT??
[*=1]While I have some good friends at Tesla, I'll never know if they're tight-lipped on this stuff or not. Because I purposely don't ask. If I do ask a question that would give me material info, it's quickly followed by, 'No!, don't answer that, I don't want to know.' That's how you stay trusted - if there is a leak, they'll never wonder if it was me. Because they know I've never tried to get information out of them. Ever.
[*=1]No one outside my financial advisor knows my portfolio. And a lot of times his response is to clutch his head and say, 'Oh god'.
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