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TSLA Investor Discussions
- Thread starter Fr23shjive
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- investment market TSLA
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Steph
Member
Maybe these Aabar folks were shorting Tesla and they got bailed-out by their good friends at Blackstar?
Something is coming, smart money covering their buts?
Adm
Active Member
I guess these guys were shareholders already:
http://en.wikipedia.org/wiki/Aabar_Investments#Tesla_Motors
http://en.wikipedia.org/wiki/Aabar_Investments#Tesla_Motors
Steph
Member
What if they where short already and they covered with Blackstar shares, they then turned around and "gave back" the shares to who ever loaned them. That "who ever" guy is now liquidating some of those?
JRP3
Hyperactive Member
Steph
Member
Short numbers for 6/15 are out. With a staggering 26,522,286 shares shorted and a mind blowing 34 days to cover, we are in for some interesting time to come.
6/15/2012 26,522,286 780,221 33.993299
5/31/2012 25,850,776 1,393,753 18.547602
5/15/2012 24,902,392 1,774,098 14.036650
4/30/2012 23,483,222 780,148 30.100983
6/15/2012 26,522,286 780,221 33.993299
5/31/2012 25,850,776 1,393,753 18.547602
5/15/2012 24,902,392 1,774,098 14.036650
4/30/2012 23,483,222 780,148 30.100983
Steph
Member
What does "days to cover" actually mean? I mean, a quick google shows it's shorts divided by average daily volume, but why is that important?
I have no idea what's a reasonable low to expect, so I'm probably pricing myself too low, but I've got my limit order in for another 50 shares at $25, and I'll be happy if that executes. That would bring me to 250.
I had my Roadster up to 90 once, for about 3 seconds. It felt solid, but that speed still scared me. :crying: I think 75 is a reasonable top limit for test-drive cars where there are people other than the driver in the car. Especially if one of them is a Tesla employee! 65 is scary enough if I'm a passenger and I don't know how good a driver the driver is. :wink:
Steph
Member
If these guys realize all in the same time their bet is wrong, in theory it means that, with current average volume, it would take 34 days for all these morons to buy all the shares they need. Assuming there is enough shares to buy. 34 days of pure panic. Can you imagine?
Of course it wont last 34 days, volumes will be much higher. But hey, how about a two week panic?
Edit: If there is not enough shares to buy, is what's called a short squeeze. That is fun.
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Hey, I know this! :smile:
Days to cover is the number of days it would take for all the shorts to buy enough shares to cover their obligation, assuming the average volume of shares traded over some recent time period. (Not sure if they average over a year, or a month, or what.) It's important because if the shorts have to cover in, say 5 days, but the days to cover is 10, then the shorters would have to buy double the average daily volume just to cover. This would be expected to drive the price up because it represents a demand greater than the supply. (The much anticipated short squeeze.)
Steph
Member
And the stock is down. A completely contrarian day.
Interesting to watch. Sit back, relax, popcorn, beer, enjoy the show.
It's all and Illusion!
My wife tells me that all the time.. . . . and the Tesla Illusion is an excellent one that I am glad to be part of, no one can have my shares anymore ;>
My wife tells me that all the time.. . . . and the Tesla Illusion is an excellent one that I am glad to be part of, no one can have my shares anymore ;>
Steph
Member
Well, if someone want my shares at, let's say $500 per kitty, I will think about it
Well, if someone want my shares at, let's say $500 per kitty, I will think about it
I might jump on that illusion too but they can't have it all....I'm keeping at least 1 lol
edit: you're right I should have a sell order at $500 for when it bumps
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