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

[myt-e-s-l-a]

... repost again

 

[humbaba]

Looks like TSLAQ is crumbing

Ryan Doherty on Twitter

No, just running out of money. For example,

There were more mistakes, but those are the big ones. Aside from that, I learned a bit about many different subjects thanks to the great minds and eclectic backgrounds in $TSLAQ. “Recognizing when someone is smart enough to listen to them” may just be my future investing edge.

He still thinks the $TSLAQ trolls who mislead him were a good source of information. That he was "smart enough" to know who to listen to.

He also says "at least I tried" and that Elon is a corrupt, lying, law breaking fraud who abuses people

 

[Pluto]

The stock has had amazing performance over the last month, it's up $100 and over 30% in the last two days. Most of the gains from today have got to be from shorts covering.

 

[TradingInvest]

I would not sell covered Calls - those way out of money long term Calls. Selling them seems like a little bit free money, but under short squeeze condition, selling those may lead to big regret with very little upfront gain.

At this time I just sit tight, if there is a pull back, I add even more.

 

[SteveG3]

Bu-bye, Tim.

Prediction (if CNBC actually asks Tim if he closed his position)

Tim: No, I didn't close my short position, and I'll tell you why. Companies don't just magically drop revenue and become hundreds of millions of dollars more profitable. Nothing has changed to the structural deep flaws of this company and its perilous competitive position. I couldn't let myself close that short position when we're going to get a 10-Q in weeks that I expect to show that this was all smoke and mirrors.

Further Prediction,

He does not close his short position or change his narratives re Tesla after the 10Q comes out. What changes, CNBC has amnesia re Tim's statements yesterday re covering $320-325, much like they did with Bob Lutz many false narratives that time has already debunked.

 

[UnknownSoldier]

37M shares shorted. Probably 6M net covered so far. We have a ways to go

I don't think all 37 million will be covered. I think a reasonable expectation is maybe 50% of that?

But we are quickly blowing through the point where the 30% margin requirement many brokers had for shorting TSLA will be exhausted. So more margin calls ought to be going out which will only intensify this squeeze.

I never believed I would live to see this moment but here we are. I have lived to see the Cubs and Giants win the World Series and now I have lived to see a real short squeeze.

 

[SteveG3]

We need more Denholm appearance

just watched, and agree. every. quarter.

 

[wipster]

...and the last track on the short sellers playlist for today, I give you my musical tribute to Marc Spiegel. Yes, the timeless classic from Nat King Cole...

UNFORGIVEABLE! (you can do the substitutions required) You're welcome.

Dan

I was thinking of "Living on Tesla Time"

EC could do a great job for a free Raven...

 

[humbaba]

Its kinda funny because I'm not gonna sell a single share and I have no money to buy any, but I can't help following the stock constantly.

So I'm currently pondering the likelihood of a the last minute volume punching up past +10%, or a successful hammer to keep it pinned.

 

[Dan Detweiler]

Prediction (if CNBC actually asks Tim if he closed his position)

Tim: No, I didn't close my short position, and I'll tell you why. Companies don't just drop magically drop revenue and become hundreds of millions of dollars more profitable. Nothing has changed to the structural deep flaws of this company and its perilous competitive position. I couldn't let myself close that short position when we're going to get a 10-Q in weeks that I expect to show that this was all smoke and mirrors.

Further Prediction,

He does not close his short position or change his narratives re Tesla after the 10Q comes out. What changes, CNBC has amnesia re Tim's statements yesterday re covering $320-325, much like they did with Bob Lutz many false narratives that time has already debunked.

Abso-freking-lutely!! Totally agree.

Dan

 

[204EV]

Can we break 30m shares v

 

[Pluto]

I don't think all 37 million will be covered. I think a reasonable expectation is maybe 50% of that?

Something like that is reasonable because as the stock goes up, so does short interest. So there may well be 37 million shares covered and 18 million shares newly shorted (by others).

 

[Compton]

No, just running out of money. For example,

He still thinks the $TSLAQ trolls who mislead him were a good source of information. That he was "smart enough" to know who to listen to.

He also says "at least I tried" and that Elon is a corrupt, lying, law breaking fraud who abuses people

Kinda like vaccine deniers who cling to the conspiracy theory even if their child dies from a vaccine preventable disease. To do otherwise and accept the alternative would be too hard to bear.

 

[ZeApelido]

here's what I think.. Mother of all short squeezes. Anyone I know who bought sub 200$ and 200-250$, I told them lighten at $315 and don't be a pig.

Well I'm going to be a 300 lb piece of bacon

 

[humbaba]

Prediction (if CNBC actually asks Tim if he closed his position)

Tim: No, I didn't close my short position, and I'll tell you why. Companies don't just magically drop revenue and become hundreds of millions of dollars more profitable. Nothing has changed to the structural deep flaws of this company and its perilous competitive position. I couldn't let myself close that short position when we're going to get a 10-Q in weeks that I expect to show that this was all smoke and mirrors.

Further Prediction,

He does not close his short position or change his narratives re Tesla after the 10Q comes out. What changes, CNBC has amnesia re Tim's statements yesterday re covering $320-325, much like they did with Bob Lutz many false narratives that time has already debunked.

Unless this guy is a complete idiot he will likely quietly cover his shares and never own up to it. It isn't like short positions are disclosed (except voluntarily). He may even keep up the "$TSLA bankwuptcy" silliness and not see anything hypocritical in covering while saying it.

 

[Cherry Wine]

The premium on call options right now is freaking insane. 11/29 420C strikes are going for $1.20?! That tells me market makers are pricing in a much higher potential breakout move than normal -- am I off base here?

 

[Jo-]

Just for perspective...you ain’t seen nothin’ yet!

 

[ZachF]

If this keeps up Smeagol is going to have to go ask his parents for more money if he wants to keep LARPing as a hedge fund manager...

 

[jbcarioca]

Aston Martin offered a passenger-side ejection seat in the 60s.

I understand that such a seat was an aftermarket modification offered by M, presaging the later M BMW's by more than a decade. The entire M package did have a large number of other security features including at least one that made use of the explosive bolts that were much later used by SAAB in such advantage for their 340 model. Admittedly explosives ejected some unpleasant tacky objects.

 

[myt-e-s-l-a]

Rolling puts to next.week

CLOSING 3 TSLA 191025 285 PUTs @$.50 $600 profit

SELL 3 TSLA 191101 285 PUTs @$3.50

Sold remaining 200 shrs

SOLD 200 TSLA shrs @ 317 (basis 277$ bought on 3/19/19) Profit $8000

and Rolling puts again ...

CLOSING 3 TSLA 191101 285 PUTs @$0.65 Profit $855

and

SELL 3 TSLA 191101 310 PUTs @$3.30