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Within the next two months from what I understood on the conference callWhen is the SCTY merger expected to happen? Anyone have options setup that they'd like to share?
So tell me folks, should I put a ridiculously high sell order on my TSLA shares to stop them being shorted? I don't have a massive amount, but will it "help"?
So tell me folks, should I put a ridiculously high sell order on my TSLA shares to stop them being shorted? I don't have a massive amount, but will it "help"?
Actually, there's now 104k shares available at IB (up from about 60k yesterday). I'm guessing there's some covering into these dips which is making the downward plunges less severe than they could be. Strangely, the interest rate remains above 32% to short it.It is interesting that since there are no more shares available to short we have not seen these 'rips' down at opening.
Still 0 shares available at Fidelity, with estimated annual interest at 15% (vs. 16% yesterday)Actually, there's now 104k shares available at IB (up from about 60k yesterday). I'm guessing there's some covering into these dips which is making the downward plunges less severe than they could be. Strangely, the interest rate remains above 32% to short it.
The negativity around TSLA right now in the media and elsewhere is staggering. Over the past 2-3 weeks is some of the worst I've seen, though I unfortunately haven't been in the stock as long as many of you here. Even so, the stock remains above $200.
I am ready to reverse the trend and hear some good news for once.
Frankly I won't touch Merrill Lynch with a 10-foot pole. They have cheated us too many times (on various accounts which were transferred to them in mergers -- we never opened an account there), charging fees which they weren't legally supposed to charge. Before that, they were one of the old "full service" brokers who charged huge commissions and supposedly provided "advice" (which had huge conflicts of interest so it was worth less than nothing).
Still 0 shares available at Fidelity, with estimated annual interest at 15% (vs. 16% yesterday)
Probably won't happen until Tesla advertises in the main media. The main media supports those who are paying the bills and facilitates bad press for those who are not.
Schwab just offered me 6% to lend out my shares, which is unusually high for them. I haven't gotten a lend offer in a while either. (I declined)
(Schwab would charge a much higher rate to the shorter. The 6% is in support of the quoted message of 15-16% not a different datapoint)
Another point to make about large institutional holders, is that they are also ones of the largest brokerage houses, which, since they do a lot of lending to short sellers, do have "insider" information on total amount of shares lent, available to borrow, etc. Having this information at hand makes them even less likely to sell, as they probably has much better understanding of exactly how untenable situation is, and just how much, they, as owners of major position in TSLA can benefit from the forced short covering. I've made this point before, but they seem to control levers that can make forced short covering (due to margin calls) more likely: increasing interest rates, increasing their long positions, etc. This just can't be helpful for those holding short positions...Bloody IB is not letting me login from work. But this morning I saw short rebate rate well north of 30%.
I see desperation on the dark side. The amount of negative headlines from all around is simply staggering. Trying their best to get some longs to sell so shorts can cover. How long will they stand? The math is simply untenable.
70%+ owned by institutions, 20%+ owned by insiders like Musk. But almost 20% of shares out shorted. So unless institutions sell, shorts can't possibly cover. But if institutions are not going to sell hard despite such an abysmal delivery number and front page cover of death on AP, why would they now or any time soon? I see a very strong potential for a squeeze. Hang on tight folks.
Maybe for their AI efforts? They're building the real SkynetWhy would Facebook want a manufacturing guy? Do they make anything?
Tesla’s VP of Product Technology leaves for Facebook
Just saw this. Another VP leaving. News was released this morning at 7 EDT, so many traders should already know about it. Any thoughts on this?
Why would Facebook want a manufacturing guy? Do they make anything?
Another point to make about large institutional holders, is that they are also ones of the largest brokerage houses, which, since they do a lot of lending to short sellers, do have "insider" information on total amount of shares lent, available to borrow, etc. Having this information at hand makes them even less likely to sell, as they probably has much better understanding of exactly how untenable situation is, and just how much, they, as owners of major position in TSLA can benefit from the forced short covering. I've made this point before, but they seem to control levers that can make forced short covering (due to margin calls) more likely: increasing interest rates, increasing their long positions, etc. This just can't be helpful for those holding short positions...
Perfect storm?