bkp_duke
Well-Known Member
Someone knew Elon was selling and is expecting a rally in the short term? They paid nearly nothing for those, so if they go up they make a killing.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Someone knew Elon was selling and is expecting a rally in the short term? They paid nearly nothing for those, so if they go up they make a killing.
He sold almost $4B. How can you trust him when he said he was done selling and then he said that he will never let us down? I am so naive lol. I now find the HOLD mentality idiotic but I have to HOLD to recover for who knows how long. When we recover I am going all cash Yonna style.
bkp_duke
Well-Known Member
Lots of pain, Had 159 BPS go to full loss b/c of this.
At least it's not the Twitter overhang like people were speculating (I hope).
Damn, i'm sorry to hear that. I didn't see that you had made some moves to protect your portfolio from further downside. That is enraging (regarding how he blind sided us). I'm not sure what to say. Hopefully we have clear skies from here on out.
If he does not explain this I think we are going to have a pretty crazy sale IMO.
BrownOuttaSpec
Active Member
Dang, you were almost right! It was Friday, Mon, and Tuesday.
Elon selling does screw up the technicals, yes. It's impossible to ponder the coulda & woulda if he didn't sell at this point, though.
All, I made 2 new posts here. TSLA Technical Analysis & Roadmap
The last is the most important one at this juncture.
willow_hiller
Well-Known Member
My guess is that he may not be at liberty to discuss it, otherwise we'd probably see a Tweet by now. People are hounding him on Twitter for an explanation.
A CEO dumping shares at or close to the 52 week low is not a good look. Lately I have been wondering if what happened to Steve Jobs is going to happen to Elon and he is going to get kick out for his behavior. I am no sure if that is even remotely possible. I still thank him for what I have but he is adding a lot of stress to my life lately 
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.It's hard to say. If he is done selling but can't say his done then you would buy the dip here because the selling pressure is gone and any sale is just short term traders buying puts or shorting the stock. Anyone who held through the 200 support breaking isn't going to crack now.
If he has to sell more than we are screwed any way because he'll be dumping more on the market.
I would argue that we go up tomorrow just because this sale means the charts and technical's aren't screwed up and traders will take this chance to swing trade to the upside rather than try to make money by going for the downside. But hey what do i know.
I must add, Elon's selling has been the bane of my existence. TSLA long term chart is a nightmare to deal with because of it. I believe, absent further ****ery, we are at or very close to a major low in TSLA. Tomorrow should be very green.
bkp_duke
Well-Known Member
Anyone with a brain that is short TSLA right now would be closing those positions ASAP.
I have enough cash to buy back 6,000 of the 22,000 shares I had to sell today to close out my BPSs. Do I buy them back in pre-market? The last thing I need is for the SP to go lower after I buy.... 
Ready for your apology... In retrospect it was very obvious to tell by the price action that he was selling
bkp_duke
Well-Known Member
You were correct.
Thank you! I'm as heartbroken as everyone here but lets hope this is the last time he will sell shares
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