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False claims - bear on Chinese forum making claims about TMC members' portfolios

Discussion in 'TSLA Investor Discussions' started by bonnie, Mar 8, 2016.

  1. bonnie

    bonnie Oil is for sissies.

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    #1 bonnie, Mar 8, 2016
    Last edited: Mar 9, 2016
    Some days are just funnier than others. It's come to my attention that a forum member has been posting on a Chinese forum claiming that I've been trading on inside information. And not only that, that I've shared that information with some of you (NigelM, fluxcap, AlMc, wk057, daveT, TSLAopt, sub, causian) and caused you to either sell or reduce your core positions in TSLA.

    This may be a surprise to some of you, since of that list, I know there are some I've never had a private exchange with. Not once. But no matter. And for the record, I do not have inside information that I use for trading.

    Obviously this person is using this story to bolster their bear position. Personally I find it sad that they'd make up stories to try to prove they are right. (Of course I also understand that they've said I was a liar if I said this wasn't true. No arguing that logic!) And I also find it interesting that someone would be so 'in the know' that they'd not only know about my financial portfolio, but all these other people, too.

    Anyway, only posting this so 1) if someone here is being told this crock of bs, they will understand it for what it is, and 2) if someone here is arguing with that person, they can point to this thread.

    Of course if that person would care to speak up and talk to me directly, I'd welcome that. Mostly because it would be interesting to see who it is.



    --------------------------
    Update 3/9: At this point, I think this whole thing is a result of squabbling over on another forum in China as to who is right and who isn't (not like that ever happens here). As I told a fellow forum member this morning, I don't really care at this point who or why, not worth getting to the bottom of it. Insider trading, private circle, influencing -- I don't know how true all of that is or isn't. It just doesn't matter.

    But I would like to just make sure a few facts are straight, so that there isn't any question by people who don't know me:


    • [*=1]I've never made a trade based on any information from someone at Tesla.
      [*=1]Basing trading strategy on what it's perceived that I will or won't do is not a good thing to do. Clearly trying to buy in at the bottom failed me this last round :), because I used up all the dry powder before we got to bottom. Ah well. I'm in it for the long game, so doesn't matter. Right? RIGHT??

      [*=1]While I have some good friends at Tesla, I'll never know if they're tight-lipped on this stuff or not. Because I purposely don't ask. If I do ask a question that would give me material info, it's quickly followed by, 'No!, don't answer that, I don't want to know.' That's how you stay trusted - if there is a leak, they'll never wonder if it was me. Because they know I've never tried to get information out of them. Ever.

      [*=1]No one outside my financial advisor knows my portfolio. And a lot of times his response is to clutch his head and say, 'Oh god'. :)

     

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  2. CTemp222

    CTemp222 Member

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    Dang I didn't make it on his list? guess I'll have to post more :wink:
     
  3. bonnie

    bonnie Oil is for sissies.

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    Well I hear we (people listed above) all belong to some private group that he (the bear) is in, too, so that's why he knows this information. Since the existence of the group is made up, there's no reason you can't claim to be in it, too.
     
  4. NOLA_Mike

    NOLA_Mike Active Member

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    Yes! I'm in. Please pass on all stock tips...
     
  5. kenliles

    kenliles Active Member

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    Bonnie's crappy insider info caused me to sell too, at $150
    I'm out...
    :tongue:
     
  6. bonnie

    bonnie Oil is for sissies.

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    Well, hey, should have paid those secret club dues.
     
  7. S'toon

    S'toon Knows where his towel is

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    Darn! I always miss out with the insider information. :mad:
     
  8. kenliles

    kenliles Active Member

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    damn...
     
  9. Bgarret

    Bgarret Model S ownin' Michigan scofflaw

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    I tried to get in the group....but the hazing - can't talk about it yet. Too soon.
     
  10. CTemp222

    CTemp222 Member

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    Sign me up too!
    hmmmm I vote we name this group the Illuminati.
     
  11. S'toon

    S'toon Knows where his towel is

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    I vote The Gnomish Inquisition! Nobody expects The Gnomish Inquisition!
     
  12. Yuri_G

    Yuri_G Member

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    Chinese bear, hmmm... I wonder who it could be?
     
  13. Familial Rhino

    Familial Rhino Endangerous Herbivore

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    Obviously, a panda.
     
  14. ohmman

    ohmman Maximum Plaid Member

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    You beat me to it, though I was going for an Asiatic Black Bear.

    0hx99xw.jpg
     
  15. AlMc

    AlMc 'Senior Moments' member

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    Bonnie....Whatever you do please don't share the 'secret' handshake with the others :)
     
  16. brianman

    brianman Burrito Founder

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    LOL. It's extra funny that wk057 is in that list.
     
  17. AlMc

    AlMc 'Senior Moments' member

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    The jig is up. All those on the list, including Bonnie, are me. I have a split personality....Oh, and I am Elon Musk as well. Well, since I have told you all that: The model3 is under production now in my basement and it will have 'safe driver mode' and 'folding second row seats'.
     
  18. Auzie

    Auzie Tree Hugger Member

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    This is the most interesting thread here, subscribing

    SEC investigation into usual suspects is pending

    I am not so sure that outsiders (employed by a non Tesla employer with no business links to Tesla) are bound by insider trading regulations, hopefully some lawyers will chime in and clarify the legaleze

    InsideTrading.JPG

    The most interesting bit for me is, who tipped off Bonnie about this Chinese forum claim?
     
  19. Fallenone

    Fallenone Active Member

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    I did. Because if the claims were true, I don't think it's fair to Bonnie (whom I respect a lot for her actions for TM) for someone "inside her circle" to post her positions on a semi-public forum. If the claims were not true, then they are downright scandlizing her and others on this list. Either way I don't think Bonnie deserves this. So I tipped her off. If it makes me a snitch, so be it.
     
  20. bonnie

    bonnie Oil is for sissies.

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    IF I'd been dabbling in a bit of insider trading, I wouldn't have started this thread. But since I'm not (def not), the SEC rules aren't applicable. Because they don't have a section to cover non-employees who aren't trading based on nonpublic information. Not that I see, anyway. :)

    As for who tipped me off ... why do you think I'm not participating in that forum under another name?

    - - - Updated - - -

    Ahh, you outed yourself.

    To clarify, the person we're talking about is NOT 'inside my circle' -- I'm sure of this since I don't have a circle. The only person who knows my positions in different stocks is my financial advisor. One forum member (NigelM) knows about my investment in a startup technology company, because he and I were angel investors on that. But that's all he knows about. I don't discuss my finances with people on an internet forum. (Sorry, guys, love you all ... but y'know. Not that much.)

    In any case, I truly appreciate you giving me a heads up. That's not snitching. It's calling out a liar for what they are. Many thanks.
     

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