Mike. I actually think (without ego) I did have a material effect on halting and reversing the slide.
With the commentary below (someone did paste it into the location suggested, and others pasted it elsewhere
Goldman Sachs' New Price Target On Tesla... Time To Jump Ship? - Seeking Alpha - note that the original title of this piece as emailed and published was: Goldman Sachs Downgrades Tesla's Price Target By 34%... Time To Jump Ship? - I wrote George Moriarty of Seeking Alpha to explain in no uncertain terms that this was untruthful in a manner that would probably (and rightly) be deleted from this forum, continuing: "GOLDMAN RATING IS NEUTRAL THEIR RECENT REPORT IS AN INCREASE IN PRICE TARGET FROM $60 TO $84 HOW DID THIS EVER GET PASSED EDITORIAL?" He made the following excuse for it by reply "Thank you for writing in. The headline attempts to play off the opening sentence, but we will address it as it is unclear." which they did from 34% downgrade to new price target).
After folk kindly pasted the piece below, the bear-run away with the story immediately changed direction to a lot of "why has SA banned Julian", taunting the shorts to produce a better buying price and the shorts trying to justify themselves with incoherent taunts. The slide halted pretty abruptly at around $108 and bounced to $117 and then $120 the following day.
I am actually getting an increasingly clear picture of what actually happened and why.
Here is the latest standard response from Seeking Alpha that many Tesla shareholders writing in to express support for my contributions and concerns to Seeking Alpha regarding my censorship have been getting back:
"While we can't discuss specific details, suffice it to say we did not make this decision lightly, nor did it have anything to do with Mr Cox's opinions. We welcome all sides of the debate. There were other factors, which we tried to resolve, that left us no alternative."
Now the truth is that my commenting privileges were cancelled without warning or discussion in between the time accredited investors received the GS report and the publication of hit-pieces referencing that report for the consumption of retail investors. The night before, there was a systematic raid of comment deletions notified to me automatically by email specifically of emails rebuffing some of SA's more mindless trolls, though oddly I do not believe the trolls themselves orchestrated that action, I think that was a diversionary bluff by a more sophisticated party. As SA confirms however, SA's actions had nothing to do with my opinions. I agree. No, this action had every sign of having something to do with orchestrating what is known as a "Flash Crash", and I am pleased to say the slide was halted before the stock dipped low enough to yield a reward for it - that would have been no doubt some way considerably below $100. For avoidance of doubt, I do not believe GS is directly responsible for trying to crash the price, the piece they wrote was a relatively measured trailing upgrade with a mild air of aloofness to the realities of the business that any long could fill in to their own satisfaction with the minimum of due diligence. The tone was sufficiently damming with faint praise to attract some skeptical shorts to the stock but hardly loaded with sufficient FUD to trigger a cascade sell-off. No. That FUD was added afterwards "GS 34% downgrade, jump ship". Apparently, and somewhat flatteringly, my absence was considered to be an important component of getting the message across. As luck would have it, some kind chaps did pass the message along and it was heard, and as miscalculation on the part of SA would have it, they would now appear to be sweating under a hail of fire from Tesla shareholders for their "editorial misjudgment".
Julian Cox | July 16, 2013
here is something I would think was a good idea to have put on Seeking Alpha today. Probably here:
http://seekingalpha.com/currents/post/1140422
Permission to copy and paste universally granted.
Today TSLA has taken a tremendous dive off what appears to be the back of a Goldman Sachs UPGRADE from $60 to $84.
Their GS best case scenario gives a PT of $120 - about par with TSLA prior to the report, which allows GS the opportunity to be right:
http://www.streetinsider.com/Analyst+Comments/Tesla+%28TSLA%29+Stock+Worth+$113+in+Best+Scenario,+$58+in+Worst+-+Goldman+Sachs/8503031.html
Coincidentally the GS best case scenario corresponds directly to data points that fit a pattern of conservative guidance from Tesla. Having covered for credibility with their best case, GS are masters at understanding the actual impact of their actions with regards to sentiment.
It cannot be ignored that GS is both Bank and Bookmaker for Musk / Tesla and it's last intervention was to selectively sell shares and bonds as part of a $1.08bn fundraiser to institutional longs, most likely GS clients.
The outcome, and seemingly the intention of that move was to deny liquidity for short-covering and in so doing exacerbating a short squeeze. It is highly improbable that GS has changed either its allegiances or its mode of conduct towards either Tesla or its own clients so soon after the last offer and so shortly before the 22nd July Tesla Q2 earnings call at a time when GS itself could be criticized for harming its own credibility as bookmaker for the stock in the case of its own analysts triggering a net sell-off just weeks later. That just is not what is happening here, particularly when the 22nd July, stands firmly as a damage limiter. As a matter of fact it looks as though the slide (jitter) has bottomed regardless at around $108.
Of note in this GS piece is the absence of any short-term
prognosis, specifically any mention of Q2 profit or loss. This is telling when without doubt following the comments let slip by Jerome Guillen at Teslive over the weekend, Tesla will in fact produce a modest profit overturning the analyst-consensus of a small Q2 loss.
In essence this GS article looks true to form a carefully crafted measure to lure shorts into the stock ahead of a
hail of Q2 analysts beats, thereby rewarding GS clients handsomely at the cost of the comparatively ill informed shorts and skeptics with another significant short-squeeze.
This is a significant buying opportunity for the well informed for double digit gains in the space of 7~10 days with very high levels of certainty attached.
minor correction to the above - Q2 call date updated to 7th Aug.
http://ir.teslamotors.com/releasedetail.cfm?ReleaseID=777667