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Just sold Nov 350 put @39, worse case I will own stock at cost of $311.00
Bought more @ $348 then $350.2 then $350.05. Seems like it has turned into a battle of $350 today
And I know why I don't follow many on twitter...I go down the flaming crap hole that is the comment and retweet section and then I have to go take a shower and bleach my eyes out.
Just bought at 350. Now I will wait for events to unfold. I set the sell trigger to 4000$ 
And THIS is why we love Elon so much as investors and why shorts should be so frightened of the current situation.
Elon follows-through (hopefully not on those particular shorts though).
Elon follows-through (hopefully not on those particular shorts though).
Artful Dodger
"Neko no me"
@winfield100 wrote: "15% Tesla... 15% SpaceX... 15% Boring Company.... hmm, what else could we add in?"
15% Asteroid Mining 15% CO2 Sequestration 15% Methane Clathrate Capture
15% Asteroid Mining 15% CO2 Sequestration 15% Methane Clathrate Capture
Fact Checking
Well-Known Member
Why would shorts be cashed out at $420?
The $420 cash buyout is an offer to allow investors to sell shares for a guaranteed price, to the buyout consortium, which is accumulating shares. Holders of short positions need to buy shares to close their positions - and they need to buy shares from the market.
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I sold Oct 200 put @ $4.4. I am surprised at how high put premiums have risen. They are now higher than the level at which the SP was after the result.
Fact Checking
Well-Known Member
That's inconsistent with the data that shows net short interest dropping slowly.
I.e. if the pool of shorts is shrinking and there are buyers present who is marking down the price so systematically?
Which can only be a long reducing position size, either temporarily in combination with an options play, or permanently.
Not even Elon may be able to magically create a scenario whereby non-accredited investors can participate in a private Tesla.
Seems to me (and this is "NOT an advice") that it would be prudent for TSLA longs who fall into non-accredited status to consider, as a safety-net, to rig their accounts now to place good-til-cancelled orders to sell everything they own in TSLA, limit set at high prices above $420, however higher above $420 you think it might go, or that you would be at least partially satisfied that you got a good return on your TSLA investment. For example, set some to $450, some to $550 or $700, or $1000 and higher if you're really feeling adventurous, and perhaps a squeeze or other panic-buy will come along in the course of the next few months and trigger your limit sell orders to go into effect.
I truly hope Tesla can find a way to enable non-accredited investors to stay on board even in a private scenario. I mean, think about it, it's likely that many non-accredited TSLA longs are counting on TSLA to turn them into accredited investors, amirite?!
The guidelines how the deal will be structured has been communicated by Elon already. When he did wrote "that the short burn will happen, he had finalized his plan after getting advice how it will work.
With all business related aspects of his life Elon is a person that is making a decent and profound plan and validates it before he communicates and starts acting. People get confused about him calling people boneheaded or pedos and believe that gives insight about his business attitude. It does not.
After the made the plan to go private, a plan he worked out since years now he decided to go for it having had backing from the important part of his board. No surprise here.
Elon is driven by values and his mission as a greater good and tries to motivate people to do the same. He loves people who trusted him when the outcome was very uncertain and has love for small stock owners who did invest early enabling putting his mission into reality. All his actions and decisions needs to be seen under that framework .
Having said that he will rather stop privatization as to accept that small investors will be squeezed out. Asking me, like a good chess player he thought all moves through way in advance and is certain that it will work. Now its all about execution.
Personally I doubt that accreditation will play a role at least not for small investors.
This is the " 2018 Investor Roundtable"
what is your __timeframe__?
20 seconds? 20 days? 20 years?
mine has gotten longer, to the point where my children, and potential unborn grandchildren, may inherit the shares of a _non_ volatile company, and perhaps be Mars colonists.
Why are we not just _accumulating_ shares for the really long haul. I wish like heck i had kept my shares i was in and out of since late 2012, at less than 7% of todays cost. $5,000/share is the same multiple. $350 divided by 0.07 i'm still eeking out a few shares at a time.
we are self identifying right here, right now, if we deserve to even be in the private company.
do you trade, or do you accumulate?
are the number of shares you have increasing?
think 2050 (i'll either be 102 or worm food or an upload)
what is your __timeframe__?
20 seconds? 20 days? 20 years?
mine has gotten longer, to the point where my children, and potential unborn grandchildren, may inherit the shares of a _non_ volatile company, and perhaps be Mars colonists.
Why are we not just _accumulating_ shares for the really long haul. I wish like heck i had kept my shares i was in and out of since late 2012, at less than 7% of todays cost. $5,000/share is the same multiple. $350 divided by 0.07 i'm still eeking out a few shares at a time.
we are self identifying right here, right now, if we deserve to even be in the private company.
do you trade, or do you accumulate?
are the number of shares you have increasing?
think 2050 (i'll either be 102 or worm food or an upload)
Do you know if there were any halts during that squeeze in 2008? NASDAQ will halt on anything more than +/-10% compared to the previous rolling 5min.
Methane Clathrate Capture that one terrifies me, as we are looking at catagory 7+ hurricanes if it gets loose
Fact Checking
Well-Known Member
As long as no agreement has been finalized it's unclear whether they have to file an 8-K at all.
Check out the timeline of the Michael Dell buyout offer, which started in the summer of 2012:
Timeline: How Michael Dell's Takeover Bid Got Hatched
On Aug. 14, Mr. Dell formally notified Alex Mandl, the company’s lead independent director, that he was interested in taking the computer maker private. Six days later, the board formed a special committee, with Mr. Mandl as its head.
Months of deliberations within the Dell special committee began, as Silver Lake and K.K.R. began conducting due diligence.
Months of deliberations within the Dell special committee began, as Silver Lake and K.K.R. began conducting due diligence.
Nothing was announced, disclosed or filed until 2013 February 5 - about 6 months after the Dell board was informed about the buyout offer.
It would be ridiculous to require public companies to disclose confidential negotiations until they are not final yet, i.e. until the negotiations have no material effect on shareholders.
If required, Elon's Tuesday tweet would need on by Monday (4 business days later)
If 10 million shares are covered, and 9 million shares worth are opened, the net is 1 million reduction.
Side note:
The only thing worse than waiting for funds to be available is having them available...
Fact Checking
Well-Known Member
Yes, but that is a buying power of +1 million shares, which combined with other buyers shouldn't be driving the price down but up.
Yet there was clear, systematic marking down of TSLA in the last 2 days, which cannot have been shorts selling to shorts.
Wooloomooloo
Member
Well the SEC investigation is going to throw a scanner in his works, If Tesla goes private, it won’t be any time soon.
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