JusRelax
Active Member
I am having trouble believing that new rational shorts (they exist -- right ?) are in the game. After all, I cannot identify a single clear signal that the Q4 ER will be negative. Maybe neutral, but the GF3 is likely to be ramping up like a tornado.
I can understand investors who find TSLA too expensive to take a long position but to short it now ?
Crazy
Since I give them the benefit of doubt I'm a lot more in the camp of institutional investors collecting a TSLA position in anticipation of S&P inclusion. I cannot explain the Ihor numbers of daily short activity, but then again I'm not convinced that the numbers are reliable since the overall fraction of TSLA shares shorted has been dropping steadily, albeit at a rate less than stock appreciation.
I think there will be plenty of uninformed new shorts who look at the chart and will do whatever the opposite of trying to catch a falling knife is. These new shorts of course will be encouraged to initiate their position by those who are already short the stock.