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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

Artful Dodger

"Ducimus, lit"
Aug 9, 2018
10,538
142,863
Canada
Lol, MMs be like:

whack-a-mole-cute.gif


Seven-Eighty, oh how I disclaim thee... :p

Cheers!
 

Sofie

HODL: "I’d rather be a part of it, than watch”
Jul 31, 2020
343
2,136
Florida
Yup I have it on in the background, glad that he's being called out for what he is...........though CNBC is still trying to paint the narrative that the sky is falling and big investors are bailing out of TSLA 🥱
I really want something crazy to happen like a stock split announcement or something to wreck these people trying to spreading lies and FUD
 

Singuy

Active Member
Jun 28, 2018
4,816
40,124
US
Chamath strikes me as the type of person that definitely uses leverage with his investments....and probably to a extreme level.

There's little doubt in my mind that he was using his TSLA position as leverage to stretch himself into other investments. In Q1 when speculative stocks, stocks with high P/E's, and especially SPACS rolled over and plummeted, I suspect Chamath had to liquidate his TSLA position to cover the losses.

Karma will be Chamath watching TSLA explode higher over the next 3-6 months while he sits on the sidelines with major FOMO
Did Chamath have any losses on his spac? Seems based on the questioning from Cnbc, he was compensated in free stocks as a payment instead of fees.
 

StarFoxisDown!

Active Member
Jan 23, 2019
3,471
32,161
Seattle
Lol, MMs be like:

whack-a-mole-cute.gif


Seven-Eighty, oh how I disclaim thee... :p

Cheers!

This week has been a bit weird to me........If they are trying to keep it around 780 level, they should have put some effort to drop the stock on the down days earlier in the week.

Being around 780 going into Friday is flying way too close to the sun for comfort if you're the MM's. If some funds or whales decide they want to get in, in a big way, before Q3 numbers are out over the weekend, the stock could shoot up well past 800.
 

StarFoxisDown!

Active Member
Jan 23, 2019
3,471
32,161
Seattle
Did Chamath have any losses on his spac? Seems based on the questioning from Cnbc, he was compensated in free stocks as a payment instead of fees.

I'll have to dig around, but I thought there were a couple SPAC's he was involved in that he couldn't sell out in time before they crumbled. It's not the fact that he didn't lose money on the SPAC's, it's that my assumption is that he was counting on making a killing on the SPAC's that would then cover his leverage he was using for his other investments.

So for example, he's on margin and using options to leverage himself back in Q1 and he's doing it with speculative stocks, stock's with high P/E's, etc......which would mean he lost a ton of money. If he was counting on making huge returns on his SPAC's but they crumbled before he could sell out, then his only option to cover those losses in his other positions is to liquidate his biggest positions, which odds are was TSLA. This is just speculation by me though based on the dynamics of the market back in Q1/Q2.
 

AudubonB

One can NOT induce accuracy with precision!
Mar 24, 2013
8,497
32,566
More:
SpaceX is fascinating but first, TMC has a dedicated space for it; second, the bottom half of ITS participants are more knowledgeable about these goings-on than the top half of those discussing it here, and third, most of it is irrelevant to this thread.
I’m not banning all SpaceX discussion here, but keep it focused.
 

Artful Dodger

"Ducimus, lit"
Aug 9, 2018
10,538
142,863
Canada
Being around 780 going into Friday is flying way too close to the sun for comfort if you're the MM's. If some funds or whales decide they want to get in, in a big way, before Q3 numbers are out over the weekend, the stock could shoot up well past 800.

There's not too much at stake for MMs between 780 and 800 for Friday, although Open Interest likely means they favor a 780 Close.

Beyond 800 however, there is no God:

TSLA.OpenInterest.2021-09-30.07-00.800-detail.png


MMs would sell their souls to prevent that (oh, wait). :p

Cheers!
 
Last edited:

Nocturnal

Well-Known Member
Supporting Member
Aug 23, 2018
6,897
38,847
Deepening Crisis!
If we brake out above $780 today or tomorrow I'll probably sell some covered calls. The whisper number is expecting 230 or so. I'm not positive we will for sure exceed that, but it's possible. If so I'll use that cash to buy more in preparation for earnings.
I'll have to dig around, but I thought there were a couple SPAC's he was involved in that he couldn't sell out in time before they crumbled. It's not the fact that he didn't lose money on the SPAC's, it's that my assumption is that he was counting on making a killing on the SPAC's that would then cover his leverage he was using for his other investments.

So for example, he's on margin and using options to leverage himself back in Q1 and he's doing it with speculative stocks, stock's with high P/E's, etc......which would mean he lost a ton of money. If he was counting on making huge returns on his SPAC's but they crumbled before he could sell out, then his only option to cover those losses in his other positions is to liquidate his biggest positions, which odds are was TSLA. This is just speculation by me though based on the dynamics of the market back in Q1/Q2.
He should have just gone all in on Tesla.

I did make some money on some of his SPACS, but that's because it got in early and bailed after a quick 20% or so. A lot of other retailers didn't fare so well it seems.
 

StarFoxisDown!

Active Member
Jan 23, 2019
3,471
32,161
Seattle

52k sold in Sept...............would be huge if true and seeing how it's the last day of the month, I would assume it's accurate. This guy was off last month when he predicted sales a week before the end of the month, but later corrected it on the last day of the month, which was spot on I believe.
 

Nocturnal

Well-Known Member
Supporting Member
Aug 23, 2018
6,897
38,847
Deepening Crisis!

Tim S

Member
Supporting Member
Feb 5, 2019
899
9,298
Albany NY

52k sold in Sept...............would be huge if true and seeing how it's the last day of the month, I would assume it's accurate. This guy was off last month when he predicted sales a week before the end of the month, but later corrected it on the last day of the month, which was spot on I believe.
FYI that time stamp is one minute past midnight on October 1st in Shanghai, so after the quarter ended.
 

Curt Renz

Well-Known Member
Mar 5, 2013
7,105
100,481
USA
Below is commentary this morning from Craig Johnson, the chief market technician at Piper Sandler.

Tesla Inc (TSLA - $781.31); Shares have broken out from a multi-month descending triangle/surpassed resistance near $763; recent bullish crossover between the 10-/30- week WMAs; RS has bounced back into positive territory and impressive TechniGrade ranking; add to positions, a retest of the ‘21 highs near $883 appears likely.
 

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