there's only about 12% short to float- don't think this is much of a short squeeze - some short covering no doubt, but this is largely the GS backing is all I can conclude; Nice to have though - glad to have a healthy long stock position; I almost took Cit-T advice converting to Calls but decided against it as I thought there would be a little sell the news pullback on the S-Charger announcement. good move CT
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Alternative Energy Investor Discussions
- Thread starter ShortSlaver
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Didn't Elon mention he plans to produce a holding company for Solar City and Space X? Doing this would strengthen both companies financial position and growth prospects. Tesla and Solar City both have tons of upside. If MM are betting a holdings company will happen, Tesla's stock going up should strengthen Solar City's stock also. Right?
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that's an interesting thought- he may do the holding company when SpaceX goes public- I think he said that was an end of 2013 or into 2014 target if I recall. They may be laying that groundwork as part of the holding co
I'm scratching my head over the concept of a single holding company for both SCTY and Space X. I cannot make heads or tails out of it. What possibly could be the reason, or justification? To begin with, an investor - or an investment bank, or a Wall St. analyst - can use the business model of SCTY to place a valuation upon it. But when you add Space X to the mix.....ugh! What on earth are you supposed to do with that?
Gtoffo
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Still going up........I'm totally lost. Does anybody have any ideas on what we are going to see in the next weeks with this stock?
Citizen-T
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Gtoffo
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Norse
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Tryed to get out at 49.73, but sold as 48. I dont think the announcement tmrw has anything to do With SCTY. But I think some investors belive so.
Shouldnt have done that thou
Shouldnt have done that thou
I was looking at this at $23 and wanted to get in but money was tied up in TSLA which was running up like crazy. Then I sold some TSLA when SCTY was around $34-$37 last week, but waited for it to pull back before investing. Today I wake up and its over $50! I have no desire to chase this stock up, but is it ever going to come back down to reasonable prices? I think TSLA has hit its top for the short term, and now I just am lying on a large cash holding because both companies have moved up too much too fast!
The 2013 APR 30 short interest vs. the float for SCTY was 15%. That's less than the 37% for TSLA, but still very high relative to most stocks. Short covering seems to be playing a part in SCTY's rise, as it has for TSLA. A short squeeze for SCTY may be developing due to the huge rise recently which may be inspiring margin calls. This could continue for days. These are generational disrupters of industries, and not your usual trading range candiates. As with TSLA, bailing out at a surmised trading range top could result in later having to chase a stock that's running away to the upside.
Lockup Expiration 6/11/2013
Sometime here is when to get in... at least that's what I'm waiting for.
According to below its down to about 12% now so definitely some short converting. But this isn't near high enough for much of a squeeze. . Certainly not the current doubling in price. Theres another underlying long position cause IMO with some short covering thrown in
Short Interest Stock Short Selling Data, Shorts, Stocks: Short Squeeze
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