racer26
Active Member
Nope. It also asserts several other falsehoods or unknowns as facts.
Someone at yahoo finance really has a bone to pick over TSLA. Their news coverage of us always sucks. Poor quality and always written in a bearish tone.
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Someone at yahoo finance really has a bone to pick over TSLA. Their news coverage of us always sucks. Poor quality and always written in a bearish tone.
Tesla IR website still says:
Q4 2016 Reporting Date: Please stay tuned as date has not yet been set
Introduction | Tesla Motors
I did notice that we had a two month long runs before it took a break.
12/05/16 - 12/28/16= 19 days of trading, the break last approximately 3 business days.
01/03/17 - 01/24/17= 16 days of trading, this break is currently at 5 business days.
12/05/16 - 12/28/16= 19 days of trading, the break last approximately 3 business days.
01/03/17 - 01/24/17= 16 days of trading, this break is currently at 5 business days.
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Pretty interesting chart. SP holding fairly steady (esp. considering macros) despite shorts apparently piling in. Getting a bit warm around here ....
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(Tesla S3 Partners)
I'm assuming anyone intelligent will ignore this, including the incorrect ER date.... but fun to read this stuff for humor.
I especially like the "in an effort to deflect criticism" line re: why Tesla states that delivery numbers should be considered conservative because they only count actual deliveries + correct paperwork.
Or, you know, they are just trying to report the facts as accurately as they can in the release.
Jonathan Hewitt
Active Member
Well I was super wrong about today possibly turning out like Jan 4th. At least we are ending green with the market red.
racer26
Active Member
Still flirting awfully close with the bottom of the channel. I would expect the channel puts us 260 < TSLA < 265 by Friday's close. I've been right the last two weeks about that. Suggests a big day tomorrow or the next day, hopefully we can get a reprieve from the barrage of uncertainty long enough to pull it off.
FWIW, According to Hirsch (Stock Almanac), Feb 1 has historically been a strong day for NASDAQ. Fingers crossed.
Was an odd pattern. Be interesting to see the short data -- one explanation could be the continued up-trend pressure in the morning (large buyer(s), possibly), defused by increased shorting in the afternoon. Of course, it could be many other things as well.
Thank you very much, this is getting really interesting. According to the Shortsqueeze.com TSLA float is 117,911,90 shares, which means that we are up to whopping 41.3M shares short. Here is an updated table from my post couple of weeks back, showing an interesting perspective. Evidently there is strong and methodic buying pressure. In spite of millions of additional shares flooding in due to shorting, TSLA continues marching up, defying really scary macro situation as well.
Something is up. I smell another pie.
Taking into account replenishment of shares available for shorting at Fidelity before market open, there were total of 219k shares borrowed for shorting today, but TSLA is green, bad macro conditions notwithstanding. This looks incredibly strong. I am still holding my spreads, probably will roll them out, increasing the delta sometime this week if we continue to stay in the regression channel, but will sell them if we are breaking down below the lower trend line.
erthquake
Active Member
Yep. Margins Y/Y off slightly, beat on every other primary metric. Good ER
adiggs
Well-Known Member
An additional data point, and counter to "shorts are piling in" - Fidelity hasn't moved their borrow rate (rate they pay to borrow shares). That remains steady at 1%. Many reasons why that can be - if enough of the buyers of shares are buying on margin, then those shares are also immediately available by the brokerage to lend them out again.
What I can see using the borrow rate, is that the balance between supply and demand (wherever that equilibrium actually is in absolute terms), is reasonably constant over the last month or 2 now. We've seen periods of dramatically higher demand, where the borrow rate is more like 5-8% (and spikes much higher, but usually not for long). We've seen it go to 0 (though that didn't last long either).
I'd be quite happy with 41M shares short personally, and my own view of shorting the company hasn't changed; even if you believe it's a house of cards about to fall over in the first breeze to come along - the trade is overcrowded. If ANYTHING happens to counter your view of the company falling over any moment now, you'll be in a crowded room with 41M of your closest friends, and not nearly enough doors to get out of. With unlimited downside exposure or expensive insurance.
What I can see using the borrow rate, is that the balance between supply and demand (wherever that equilibrium actually is in absolute terms), is reasonably constant over the last month or 2 now. We've seen periods of dramatically higher demand, where the borrow rate is more like 5-8% (and spikes much higher, but usually not for long). We've seen it go to 0 (though that didn't last long either).
I'd be quite happy with 41M shares short personally, and my own view of shorting the company hasn't changed; even if you believe it's a house of cards about to fall over in the first breeze to come along - the trade is overcrowded. If ANYTHING happens to counter your view of the company falling over any moment now, you'll be in a crowded room with 41M of your closest friends, and not nearly enough doors to get out of. With unlimited downside exposure or expensive insurance.
AAPL currently +3% in after hours
QQQ +0.30%
TSLA +0.17%
Edit: AH update 5:30 EST
AAPL +3.30%
QQQ +0.40%
TSLA +0.38%
Looks like this will contribute to a positive open tomorrow....
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But the rate they charge short sellers has been steadily inching up - from 1.5% to now 2.5%.
By the way Apple's cash hoard is now a whopping historical record of $246B approaching the GDP of Denmark.
Repatriation anyone?
I think we need immigration of both green-cards and green-backs...
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