Todd Burch
14-Year Member
I saw -9.99% on the ticker. Did we just trigger the circuit breaker again?
Edit: Now below -10%, so yes.
Edit: Now below -10%, so yes.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
I think that is the first time I have seen back to back circuit breaker days.
So... in theory, no most shorting until after a potential s and p annoucement?
I don’t know your mother-in-law, but I’m sure I can bear (pardon the pun) listening to her much more than Gordon Johnson.
GJ is an arrogant prick who thinks talking over and interrupting his counterpart is winning.
Drinking game: any time he says 'thats a fact - you can't dispute it' and its not actually NOT a fact and CAN be disputed
Rob is way too nice to debate like this. Rob lets him finish his statements and GJ does not provide the same courtesy.
Gordon's proving he's an idiot, in public. What else did you expect?
I didn't say you called me a name. I found your post to be insulting with a mocking tone. You also took my very pragmatic comment (that Tesla should have foreseen this issue) and said that I didn't believe in personal responsibility etc.
I live in the real world. Talking about what should be is fine, but that is rarely what is. Just like with Amazon, if I'm dumb and let my kids buy a bunch of movies that's my fault of course. Amazon has decided that it's not worth the hassle of dealing with angry customers. Bonus round, they can call you out if you just lie. "oh, I didn't order that." "Well sir, it requires entering your pin so it must have been you". I very much think this was that guy's fault BTW.
It's the Ben Shapiro method of debating. Talk fast and say things like "objectively" and "basic fact" whenever you can.
humbaba
sleeping until $7000
Sure, its easy. Look at a day's volume and divide it by the float -- that's the percent of float that was traded. You want "strong"? Okay, assume its at least 150% of the 65 day moving average and you get about 100M shares. With a float of about 740M that is 13.5% of the float. But I don't think that measures anything particularly useful.
Consider this: a lot of the trading volume is high frequency traders and day traders. If one share is traded every minute then it could account for 330 trades through the day. Naturally "one share" doesn't really exist for these trades (mostly its numbers that get shuffled with eventual settlement and its the net that really matters) but the point is there is noise obscuring how many "shares" are in the daily pool of back-and-forth.
Given the question it sounds like you are contemplating how easily the S&P 500 can add. This is similar to short covering and one of the stats given is "days to cover" which simply takes the number of shares shorted and divides it by the average number of shares traded each day. This ranges from 1 to 6 trading days[1] and the short interest has been at least ball parkish to the number of shares that would be soaked up by S&P inclusion. A week, much less two, is (in principle) plenty of time.
But the devil is always in the details. If 100% of the shorts tried to cover in one day the stock price would rocket because it isn't a back-and-forth of buying and selling, it is just buying. The S&P has the same problem, but lots of time (a week or two) in order to complete the purchasing. That's still a lot of buying and bound to push the price up.
1) Tesla, Inc. Common Stock (TSLA) Short Interest
Yeah I was quite surprised they let it dip momentarily to a 10% loss and trigger that ultock rule. Figured they would want one last shot at the stock tomorrow morning.
Wouldn't be surprised by a naked short barrage in the last hour to drop it as much as possible since it's passed 10% now, similar to yesterday
powertoold
Active Member
Rob should have set some rules at the very beginning, like 2 minutes of talk time each, hard stops.
ThisStockGood
Still cruising my Model S 70 2015
Breaking: G Johnson will become a Tesla bull the day Tesla post a profit without the regulatory credits. Could be soon...
We had multiple circuit breaker days during the covid drop. May have been a whole week of tripping the breaker.
Knightshade
Well-Known Member
You can still short with the uptick rule running, but you have to sell above the current best bid
Uptick Rule
humbaba
sleeping until $7000
Plenty of shorting is allowed. The "up tick" rule just means they are only supposed to short sell on "up ticks" which prevents the shorting from immediately pushing the price down. Of course, the market makers get an exception to the "up tick" rule which is why the "naked shorting" stat @Artful Dodger reports goes up on days when the up tick rule is in place.
The Accountant
Active Member
Strong August Deliveries in Germany
Not sure if this was posted yet. Deliveries in Germany were 2,846 vehicles for August. Bullish IMO!
Tesla Europe Registration Stats
Not sure if this was posted yet. Deliveries in Germany were 2,846 vehicles for August. Bullish IMO!
Tesla Europe Registration Stats
Knightshade
Well-Known Member
GJ accidental honesty "I'm just looking at the past..."
And GJ can't even let Rob make a final statement with interrupting
OMG what an &^%^&%
That bodes extremely well for what we will see once Berlin is operating. Nice.
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