IIRC there was some posting within the month here (maybe general thread) that someone said he was maintaining his short position. Citron (Left) had declared he was/had closed his short position on TSLA. I would hope that if Chanos does too, he would have the decency to announce it like Citron did.
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IIRC there was some posting within the month here (maybe general thread) that someone said he was maintaining his short position. Citron (Left) had declared he was/had closed his short position on TSLA. I would hope that if Chanos does too, he would have the decency to announce it like Citron did.
I should warn you, there's been some massive 6/2 350 call buying all day today. To quote a service I subscribe to that monitors option sweepers and block buying:
The most recent was a batch of 500 6/2 350c @ $0.81, about 15 minutes ago.
So I'm thinking that all this talk of a double top was more of a bear trap.
racer26
Active Member
Double top? you mean inverted head and shoulders, right?
Technical formations are mostly bs, because you can see whatever you want to see in there.
MitchJi
Trying to learn kindness, patience & forgiveness
Text from my wife:
Is it a squeeze?
My reply:
I don't think so. Not yet. That's a pleasant thought though!
I wonder what it will take to start a squeeze? If the SP continues to rise by about $6-$-10 per day is that to gradual? Maybe an on time M3 launch and ramp will trigger a $30-50 spike. Wonder if that would do it?
Is it a squeeze?
My reply:
I don't think so. Not yet. That's a pleasant thought though!
I wonder what it will take to start a squeeze? If the SP continues to rise by about $6-$-10 per day is that to gradual? Maybe an on time M3 launch and ramp will trigger a $30-50 spike. Wonder if that would do it?
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Jonathan Hewitt
Active Member
You should have seen the bears on Stocktwits this weekend (actually you shouldn't, waste of time). They were all saying it was going to be a "triple top." So delusional...
anticitizen13.7
Not posting at TMC after 9/17/2018
The next major event is the shareholder meeting, which is exactly 1 week from today. I wonder if there is any "buy on the rumor" effect going on.
There are only 2 thing I really want to know from the shareholder meeting: whether Model 3 is still on schedule for launch, and whether the production ramp is still on schedule as well.
There are only 2 thing I really want to know from the shareholder meeting: whether Model 3 is still on schedule for launch, and whether the production ramp is still on schedule as well.
FredTMC
Model S VIN #4925
"Setting up for another ATH close at HOD today."
I'm fred and I approve of this message
I'm fred and I approve of this message
ValueAnalyst
Closed
$400-450+ may be needed for a squeeze.
I think shorts will try to hold on for as long as their brokers allow.
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The other point I wonder, is the old "Sell in May and go away" adage is going on here. Except maybe the traders are putting their discretionary funds in stocks they think will continue to have legs during the summer. Lot's of other stocks are in the red--I know because most of my other shares are, with few exception.
So you have roughly 4mil margin on very roughly 11mln position. 4mln borrowing on 7mln worth of own money. That's not too crazy. I almost thought you had 400% borrowing from your earlier posts because it sounded like you are maxing out on your margin. Who is your brokerage?
I have modest 3K shares at IB with no margin and no other positions. The account says I have an additional $4.8mln buying power.
I'm just surprised that you are maxed out at merely 57% excess purchases. Even if you exclude options entirely you are maxing out at 67%. Looks like IB would give more than 480% margin.
Add: Quite honestly if I had $6mln of net-equity I wont go on margin at all. Why bother? 6mln is a great amount of money to begin with. From what I remember you don't live in big expensive coastal cities... Even with plain vanilla TSLA with no margin and no options, that portfolio has potential to grow much bigger... I find myself puzzled at your mental model.
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anticitizen13.7
Not posting at TMC after 9/17/2018
After giving this some more thought it probably would make the most sense for Chanos to be upfront about having made a bad bet should his company close out any shorts they have left. If he closed out and said nothing, it would look sneaky. Plus it would eventually leak out that he closed and then the Internet would not stop talking about it ever.
Isn't the next thing that could have new information/color being released the private tour/showing/Q&A that is this Friday?
Yes from a prior interview Chanos seems to be an upfront kind of guy. I have a decent respect for him based on that interview, FWIW. If he was to bail without making it publicly known it was reflect very poorly on him, IMHO.
Not yet, at least judging by Fidelity availability for shorting data - will post tonight. I think they decided to stay a little longer. I do not think it is a wise decision, but I welcome it.
DurandalAI
Member
Every day of no bad news is a day of good news on M3 launch and production ramp, IMHO. With the 4-8 weeks away, the odds are gathering in our favor. I wish I could buy more, even at today's price, but the share count I have is what I'm likely stuck with for the next year.
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