Oveeus
Member
Added 100 shares to adjust to the new dilution.
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Somebody took issue with LPL financial. That's in the US.So, if we were really seeing manipulation from Naked Short Selling, would this be happening in US accounts as well? I just read a half dozen pages in this thread, and ALL the complaints are from non-US broker accounts.
So, smells more like issues with handling foreign stocks than from brazen Naked Short Selling. But, heck, I know nothing.
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Surely they are paying you interest on those shares right? I'd be furious. Wouldn't it make sense to raise some heck with your oversight agency? That's either sketchy or incompetence.Several UK-based shareholders (including myself) have reported we can’t see the extra 4 shares for each one held pre-split in our accounts, and we’ve been informed we won’t receive these shares until later this week (my broker, specifically, mentioned Friday the 3rd as the earliest we’d be provided with these extra shares).
Which means that regardless of what the stock does these days, I can only buy more or sell a maximum of 20% of my actual TSLA holding at post-split share prices until Friday at the minimum, but possibly until next week. No way around it. And we’re supposed to be fine with that.
The guy most likely have less than 100 pre split shares.
Here's something worrying .. I just called my UK broker to ask why my pre-split share count has not been updated, whereas the post-split share price has. I’ve just been told that they have chaos going on due to the number of frustrated APPL and TSLA clients not yet receiving the new allocations.
BUT .. I cannot sell anything I don’t yet have, even if the SP tanks .. possibly causing pent up sell action if many others are in the same boat and none of us can sell until further notice.
Which leaves me exposed to the will of the market, and unable to act.
The broker does not allow shorting, so I couldn’t even sell short what I ought to have been allocated.
I joked that maybe this farce has been caused by MM’s / manipulators selling naked shorts and being unable to produce the actual shares .. and he laughed saying ‘you maybe onto something, but I can’t possibly express a firm opinion’
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Did he say he was paying cash or finance? Most people don't pay cash for their cars.Thepurchase price was $61,990 and represented 9.4% of his TSLA. Based on yesterdays close that would be around 265 pre-split TSLA shares. Decent for a young youtuber but less than I'd have expected.
Now we just need Rob Maurer to buy a Tesla.
I'm in exactly the same boat with 4/5th of my shares missing and no one will even clarify when they might arrive! Not that I want to sell anyway, but it's a poor show. Your brokers response was also telling!
I’m astonished that RBC, our largest institution by a huge margin, had any kind of delays.
Many people here have said they they themselves where unable to trade on their assets during this period.
I'll admit the conspiracy theory sounding stuff with naked shorting sounds questionable but it's also well beyond my understanding of how the markets work. And @Artful Dodger is a person on this forum I don't have confidence to place much doubt in.
lol well can you start one for me? I’m so boned right now with work being gone(entertainment). But I’m not good at asking for hand outsIf Gali needs to liquidate 10% of his TSLA position to buy a MY, that means he is not even a Teslanaire yet... We really should start a GoFundMe campaign for the guy
Who is your broker? (so I can avoid them when looking for a new one)
Here is what I just InMailed Allen Root on LinkedIn:
"Subject: Curious: Why do you quote Gordon Johnson?
Hi Al,
Thanks for your extensive coverage of TSLA I always read your articles.
Just curious why you quoted Gordon's opinion today of the cap raise. Gordon's PT of $17.40 is an outlier being the lowest on the Street. He isn't representative of analyst coverage of the name.
When I posted this to Tesla Motors Club dot com's investors' roundtable, one of the forum members replied, "... anytime GJ speaks about $TSLA...$TSLA rockets". I replied in that case, we should all email asking you to write more stories quoting him! haha
Russ
PS. I'm an individual $TSLA investor since 2011 (average $30 cost basis). I can see Tesla's Fremont Factory below my master bedroom window in Fremont. Bought Model X P90D in 2016 and now have a Model 3."
I reached out to Andrew Ross Sorkin last year about one of his NYT articles on the illegal guns after my credit card number was somehow obtained and used to order guns online and stay at a hotel near Disneyland (FBI investigated this). Andrew wrote back.
Have to say, I'm really happy with my broker, Degiro. It's supercheap and you get exactly what you pay for, which is shares and absolutely nothing else. I was so sure they'd bungle up this split, but monday afternoon/US morning, I had all the shares I were supposed to, at the price they were supposed to be.
Surely they are paying you interest on those shares right? I'd be furious. Wouldn't it make sense to raise some heck with your oversight agency? That's either sketchy or incompetence.
You are just making this up. If not, provide evidence that some shareholder was unable to sell their shares when they wanted to.
Surely they are paying you interest on those shares right? I'd be furious. Wouldn't it make sense to raise some heck with your oversight agency? That's either sketchy or incompetence.
And a new avatar.
I'd be asking them if they sent the shares via air or a cargo ship. This crap is all digital. Ridiculous.They sent all TSLA shareholders a message right after the split was announced that informed us of the delay, so I guess legally they’re covered (we always had the option to sell prior to the split). But they are getting some heat on Twitter, and they’re now posting a default reply:
Hi Username, following a stock split we have to wait for the new shares to be issued to us by CREST. For UK listed stocks this often happens the same day but for overseas, like Tesla Inc, it can take longer. We hope to have these by 3 September however we can't guarantee this.
This is what their Twitter feed looks like now, it’s kinda funny, they’re having the same issue with the AAPL split: Hargreaves Lansdown (@HLInvest) on Twitter