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"Help I shorted TSLA" via Reddit

Discussion in 'TSLA Investor Discussions' started by clmason, Sep 20, 2013.

  1. clmason

    clmason Member

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    Feel bad for this guy!

    Per OP
    I'm actually looking for advice here on what would be my best course of action to hedge the risk I've taken, or is it better to get out of this play completely.
    I've shorted TSLA starting at $100 and through various points till 170. I'm seeing no end to this madness and I'm not sure how long I can hold it. If I get a margin call, I'm probably doomed!

    HELP: I shorted TSLA : investing
     
  2. sleepyhead

    sleepyhead Active Member

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    LOL! This just made my day.

    Tell him to double down when it hits $200.
     
  3. gaswalla

    gaswalla P4201/85/airsusp/pano/19i

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    I need to know when he stops shorting, that will the day to sell.
     
  4. richkae

    richkae VIN587

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    Thank you for your money.
     
  5. Jackl1956

    Jackl1956 Member

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    Ask Not for Whom the Bell Tolls. It Tolls for Thee?

     
  6. lolachampcar

    lolachampcar Active Member

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    I can understand why people shorted the stock. The arguments about it being a cult stock have merit.

    My problem is (1) I'm an engineer and (2) I drove it. No shorting thoughts for me after that. If it goes down, I'm going with it.
     
  7. bobinfla

    bobinfla S-Vin 4086 Rdstr-Vin 0019

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    I'll be going down with you. We can get together and cry in our beer then, Bill, if either one of us can still afford beer.:crying:
     
  8. gene

    gene Active Member

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  9. MikeL

    MikeL some guy

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  10. PopSmith

    PopSmith Saving for a Model 3

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    Oh man, that was funny. I've seen those parodies before but that one really hit the spot. :tongue:
     
  11. NigelM

    NigelM Recovering Member

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    I feel sorry for the poor guy, but he absolutely should have gotten out earlier. The moral of the story is never be afraid to bite the bullet and cut your losses.
     
  12. Convert2013

    Convert2013 Member

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    My advice to him would be: " Get out now, and in the future don't make any investments or bets on a company or product you really don't understand."
     
  13. rdalcanto

    rdalcanto Member

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    I do wonder how many people that are shorting TSLA with big money have driven the car. At a certain point, you would think they would ask themselves why all the awards and hype. I don't think a smart investor would still short the company after getting first hand experience of the Tesla Grin. I can understand being too scared to invest at the current price and go long, but to actually short it.... That takes really big balls or stupidity at this point.
     
  14. Discoducky

    Discoducky Active Member

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    Genius! Thanks for sharing! Favorite part is the one woman comforting the other telling her the GS also thinks the stock is overvalued. Pure genius!
     
  15. Chickenlittle

    Chickenlittle Active Member

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    This original help me I shorted.......is a common theme on all the yahoo boards and usually made up. A lot have lost money shorting tesla but these posts are usually not to be believed. Who here would cry for help publicly
     
  16. vin5xxx

    vin5xxx Member

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    Very good point. I agree with you 100%!
     
  17. james_chen70

    james_chen70 Member

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    Seriously, anyone that publishes negative articles on Tesla should drive the car first. Same thing with the shorts. On various forums and stocktwits, lots of shorts blab about over-valuation, but have not driven the car.

    And that John Petersen, the rumor is that he did test drive a Model S, and said meh. What? MotorTrend Car of the Year and Consumer Reports 99 out of 100, he said meh? That says he is not objective, and has a hidden agenda. Plus he has been pumping AXPW, which is a $0.12 stock. And he continues to publish negative Tesla articles on Seeking Alpha, saying he is a short.

    In any case, I'm glad there are shorts. Just fuel for the fire. I'm also glad Elon was able to bring a great electric car to the masses. Make the world a better place.

    And for all the shorts out there, be careful. At some stage it will be good to short. Just not now. Why try to pick up pennies in front of an on-coming train? Go with the flow, man. Someone once said, do not p*ss against the wind, you just end up with p*ss on your own face. Pardon my language. P*ss with the wind, your p*ss will go long and high.

    Good luck, all.
     
  18. kevin99

    kevin99 Banned

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    That is xxxxing hilarious. No I don't mean to enjoy others' pain. But this reads like a parody and not real. Well I only read the first few comments like:

    "Goldman said it's worth $84. /r/investing agreed. What could possibly go wrong?"

     
  19. sleepyhead

    sleepyhead Active Member

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    I wouldn't feel bad for these people because:

    - This is a troll posting to stir up a debate; or
    - This is a parody and not real; or
    - This is a very small portion of his portfolio; or
    - TSLA will turn around and this guy will make a good return.

    In the latter case, I guarantee you that none of the shorts will be feeling bad for us who are long TSLA. You can't feel bad about random people on the internet losing money trading stocks.
     

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