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A few thousand Wells Fargo-ites ready to work for Lynch-mob creating Andy Dufresne customer accounts on commission basis.
Ulmo
Active Member
Conveniently, for any large stock holders or those who want to sway the vote, it is now relatively inexpensive to buy any shares, whether freshly obtained or loaned out or whatever. They then go in and vote, and then they will be done with that requirement for them. They'll be sitting on a pile of stocks for TSLA, and will make any new decisions from that position.
That reminds me: I have to call Customer Service Monday for my brokerage regarding the shares so I can vote them. They didn't respond to my email.
That reminds me: I have to call Customer Service Monday for my brokerage regarding the shares so I can vote them. They didn't respond to my email.
We'll see. Given Damodaran's diatribe (
The irony Monroe SS noted above should not be ignored.
Just an amateur but I agree with you about arbitrage. Not sure the companies' situation is similar. SCTY has problems but a single supplier with a ruthless juggernaut like Apple is begging for problems. Further, though I don't think this is the reason for the merger, it's nice having a billionaire genius as chair of the board. Technically the comparison is probably correct but the circumstances are clearly dissimilar imho. And that billionaire has a bit of a backup if needed from the likes of Goldman Sachs, etc. GTAT did not.
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The broader context on SolarCity is that it looks like the entire solar sector is going to zero. Before long, Tesla may be able to do a twofer on SolarCity and Sunpower.
That said, I have been accumulating SCTY based on the discount.
That said, I have been accumulating SCTY based on the discount.
I agree that one should not look at buying TSLA via purchasing SCTY is not risk fee, hence the market's rather large discount on SCTY.
I was around for GTAT and had a few GTAT lesos go to '0' overnight. Luckily not a large amount but it was a bitter lesson.
I do agree with Int. Professor that while SCTY could go to '0' it is a far different scenario than with GTAT.
Money where my mouth is: I am not touching TSLA and have bought SCTY. The risk/reward looks better to me buying SCTY versus TSLA at this moment.
I am not touching SCTY options. I may look at a Strangle set up next week to capture a big move, either way, Aron's TM ER.
As we all say: Be comfortable with your investments as you are laying with your money. Don't just do something because another forum member, like me, is doing it
Rocky times in general...Goid luck to all longs
I was around for GTAT and had a few GTAT lesos go to '0' overnight. Luckily not a large amount but it was a bitter lesson.
I do agree with Int. Professor that while SCTY could go to '0' it is a far different scenario than with GTAT.
Money where my mouth is: I am not touching TSLA and have bought SCTY. The risk/reward looks better to me buying SCTY versus TSLA at this moment.
I am not touching SCTY options. I may look at a Strangle set up next week to capture a big move, either way, Aron's TM ER.
As we all say: Be comfortable with your investments as you are laying with your money. Don't just do something because another forum member, like me, is doing it
Rocky times in general...Goid luck to all longs
I don't see how even remotely is SCTY similar to GTAT.
GTAT won contract with Apple but failed to deliver on producing large size sapphire screens that were supposed to be used in the new iPhones. Apple let a novice like GTAT make an impossible promise, then straddle them with draconian covenants, and then wash off their hands with minimal loss. If any, that incident demonstrated the extreme risk taking by GTAT Mgmt and the ruthless attitude of Apple towards its suppliers. Apple didn't even express its intent buy GTAT. So, comparison with SolarCity makes no sense.
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What is 'Aron's TM ER' ?
Why would you not consider SCTY options? A synthetic SCTY long using 2018 LEAPs (long call/short put at the same strike price) is cheaper than a normal share now. You got to be careful though as the spread is huge.
MitchJi
Trying to learn kindness, patience & forgiveness
When the merger happens what happens to SCTY LEAPS? No liquidity?
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To be the lone voice of dissent I don't see the merger happening.
larmor
Active Member
'Said mastercard after they talked to ebay...'
For the sake of transparency I have no info to back me up, and I don't like the deal so are probably letting my biases cloud my judgement.
Arbitrage is getting too big for the big investors not too capitalise.
The big players appear to have gone quiet speaking on the deal - I wonder if no one wants to attach themselves to it?
The rocket failure may refocus Elon and others on the big picture and make them realise that Model 3 and Tesla generally still has a way to go.
anticitizen13.7
Not posting at TMC after 9/17/2018
The point though was more broad than a direct comparison between SCTY and GTAT.
All that's being said is that unexpected events can quickly change a company outlook much faster than we can react.
GTAT looked like a sure thing until the iPhone 6 reveal and many investors paid a heavy price for their assumptions.
There is no evidence to suggest the merger won't happen. Analyst commentary, and the views from journalists who have a very limited understanding of Tesla or SolarCity doesn't count as evidence.
If the deal isn't approved, Elon and other major stake holders will probably take SolarCity private, and the merger will take place anyway, This message is a PSA for all the naysayers and 草尼马, who appear to be very misinformed and/or biased.
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I suppose on the flip side Elon and Spacex are big holders of SolarCity bonds making it much more likely the deal will go through
This is what I would say.
Arbitrage is getting too big for the big investors not too capitalise.
A lot of this can be irrationality or FUD. TSLA has dropped to 140ish Feb this year and it rose to 260 in as little as 2 months I think. Market gets it wrong all the time (of course sometimes market gets it right). Will the market get it right this time ? I do not know, but I hope not. I do see TSLA+SCTY merger leads to a lot of synergy.
The big players appear to have gone quiet speaking on the deal - I wonder if no one wants to attach themselves to it?
Lets look at who are the biggest players,
FMR, LLC - 15.48% TSLA
Baillie Gifford and Company - 9.76% TSLA
Price (T.Rowe) Associates Inc - 7.85% TSLA
NONE of them have spoken of anything to the public any time between June 22 - Now. Even after Musk said he is convinced that the merger will go through. Elon Musk now convinced Tesla-SolarCity merger will pass after talking to major investors
The rocket failure may refocus Elon and others on the big picture and make them realise that Model 3 and Tesla generally still has a way to go.
We still do not know what caused the rocket failure. So its really too early to say, maybe this has nothing to do with SpaceX rocket, maybe this is just a human error. I guess you get this one from the news which usually exaggerates, distorts and sometimes makes up stuff just to get the clicks !.
SCTY LEAPS get converted to TSLA special leaps. You are right, liquidity goes down. But, if you are willing to hold until expiry, it isn't a problem.
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