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Sorry I'm a newbie on analyzing stocks and secondary offerings. So with offering price at $262, has all been sold yet?
i got exactly the same question. so are all shares and convertibles already sold? (f.e. electrek reports that) what is the settlement date march 22? when do the new convertibles start trading?
would be happy about any colour on the whole process. thx alot
Mike Smith
Active Member
The high volume today further supports the notion that a lot of demand for shares at the offering price of $262 went unfulfilled. We're moving higher, but I'm actually surprised even more investors aren't fruntrunning this known demand.
I especially don't see why anyone would want to be short when your gains are limited to about $2 until all the demand at $262 can be worked through, and your potential losses are unlimited.
I especially don't see why anyone would want to be short when your gains are limited to about $2 until all the demand at $262 can be worked through, and your potential losses are unlimited.
T3slaTulips
Member
It does, but every time it gets there 265 promptly sends it packing.
or
"General Desire, meet Major Resistance."
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MitchJi
Trying to learn kindness, patience & forgiveness
So there it is.... 263 vs 265... let's see if we get one more oscillation today.
Edit: if we get pinned to 263 till close, that may set up for a Monday pop to 265 or 267?
Mike Smith
Active Member
When the 60 was introduced TSLA sold off on demand / margin concerns. Now they cancel it and it's selling off again? And how on earth are we below $262 if the offering at $262 was over-subscribed? Are the shorts making some ill-conceived final stand?
There are over 350 stocks trading at 52 week highs today, 130 stocks trading at 5 year highs, plenty of winners to be found globally as well. Plenty of strong rallying stocks out there.
What are you holding, Retail, Utilities, Silver mining, Solar
?NASDAQ ATH today
.There are over 350 stocks trading at 52 week highs today, 130 stocks trading at 5 year highs, plenty of winners to be found globally as well. Plenty of strong rallying stocks out there.
What are you holding, Retail, Utilities, Silver mining, Solar
NASDAQ ATH today
Lump is Bullish?
You don't see anything wrong with this rally? It's either the precursor to hyperinflation or there is going to be some bizarre volatility in the near future. I'm simply urging caution. Sold all my stock at $280, and bought calls when Tesla fell to ~$240. I did other things but they aren't relevant to this discussion and I don't believe in publically stating my strategies. Simply encouraging people to use caution. Remember, at some point big money has to rebalance, and most stocks and indexes are too many deviations away from historic points.
racer26
Active Member
Someone want to explain to me why we're struggling to stay over 262 the day after a secondary priced at 262 was hugely oversubscribed? One of our fellow TMC members who participated expressing interest for 5,000 shares only got 25, suggesting as much as 200x demand. What am I missing?
I realize that 200x the 1M ish share offering is more shares than exist, but it seems to me there should be no problem staying above the offering price.
I realize that 200x the 1M ish share offering is more shares than exist, but it seems to me there should be no problem staying above the offering price.
I indicated interest of 200 shares, got nothing, and didn't buy 1 share today on open market. The 262 price means absolutely nothing in the short term. Last two rounds of secondary offering was roughly in the range of 220-230, both oversubscribed, stock price went to ~180 afterwards and even 140 once anyway.
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