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I'll certainly take a quick 9-10% any day of the week (if it lasts), but the announcement of TSLA joining the S&P 500 doesn't seem to be the explosive event some here predicted.
It will be good to get this in the rearview mirror next month with Q4 deliveries coming out a couple of weeks later.
https://www.spglobal.com/spdji/en//...0201116-1258362/1258362_tdec215addconsult.pdf
Tesla Set to Join S&P 500 NEW YORK, November 16, 2020: Tesla Inc. (NASD:TSLA) will be added to the S&P 500 effective prior to the open of trading on Monday, December 21 to coincide with the December quarterly rebalance. Due to the large size of the addition, S&P Dow Jones Indices is seeking feedback through a consultation to the investment community to determine if Tesla should be added all at once on the rebalance effective date or in two separate tranches ending on the rebalance effective date. Tesla will replace a S&P 500 company to be named in a separate press release closer to the rebalance effective date.
Inclusion is 12 /21
I honestly don't think anybody understands the squeeze potential, you will have to wait for regular trading tomorrow to see it!
I'm rooting hard for the squeeze to happen.The capping action and the sudden increase of calls is indication that this was leaked.
I'd hold back at the explosive comment.
We simply don't know.
Would adding TSLA in one or two tranches matter at all on how many shares that will be bought? If two tranches then there will be two deadlines so to speak for the fund managers to address.
Elon beat covid.What’s the good news for a 10% peak AH?
I'll probably just watch it for now. So much for getting any work done tomorrow.[
Anyone setting up limit sells?
This is pretty much a perfect storm, and it'll last until at least Dec 29th......then 500k will be announced.....then guidance for 1M. I don't recall the standard window where shares are supposed to be accumulated, but I think it's a week. Gonna be bad ugly.I'm rooting hard for the squeeze to happen.
Perhaps I should have waited until tomorrow morning to comment on the market's initial reaction.
The Opposite of David Einhorn ETF is on fire today!This is pretty much a perfect storm, and it'll last until at least Dec 29th......then 500k will be announced.....then guidance for 1M. I don't recall the standard window where shares are supposed to be accumulated, but I think it's a week. Gonna be bad ugly.
Anyone know an accurate measure of current short interest? How horrible must that feel right now?
From now through the end of the year, it's my understanding that dozens of millions of shares must be accumulated by institutions. That should be some sustained horribleness for those short TSLA. Oh yeah....they also need to cover before going bankrupt, that might have an impact. Oh yeah.....the MM's selling all these options contracts in low IV environment will now need to hedge like crazy, that may have an impact too!So will this be a big spike and regression after, or just a decent bump that will hold? Thoughts?
Judging by the number of posts in the last half hour, I predict a higher volume tomorrow.
The capping action and the sudden increase of calls is indication that this was leaked.
I'd hold back at the explosive comment.
We simply don't know.
So will this be a big spike and regression after, or just a decent bump that will hold? Thoughts?
I'll probably just watch it for now. So much for getting any work done tomorrow.
I had to get an MRI today and missed buying at the close. Sigh. Do I pick up a short term play at $450 at this point or have I missed it. lol
Real happy about that long term never sell account though. lol.