Indeed. At many brokerages this can simply be done by placing a Good Till Cancelled (GTC) sell order at a high price. In many cases this has to be done at a price less than 50% above the current price. This price can be changed at will. In the current conditions we can get far more value by squeezing the short sellers rather than earning interest on lent shares.
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
- Status
Indeed. At many brokerages this can simply be done by placing a Good Till Cancelled (GTC) sell order at a high price. In many cases this has to be done at a price less than 50% above the current price. This price can be changed at will. In the current conditions we can get far more value by squeezing the short sellers rather than earning interest on lent shares.
JRP3
Hyperactive Member
Todd Burch
14-Year Member
Nice job killing it
There's just a short break because the big institutions are busy counting their winnings so far. The second push will start soon
.(Hey, at least I haven't cited any poetry!)
There's just a short break because the big institutions are busy counting their winnings so far. The second push will start soon
(Hey, at least I haven't cited any poetry!)
Also many short sellers will likely be getting margin calls throughout the day. The short covering to answer those margin calls could possibly be heavy into the market closing today and after the opening tomorrow.
Todd Burch
14-Year Member
Curt, I only know this because I used to watch Jon Najarian on Fox and Friends in Chicago growing up as a teenager.
If we don't hit $340 by end of day, I'll eat my hat.
Err...wait. Better not say that. Last time someone said that it didn't go well for them.
Krugerrand
Meow
Pfft! I did even better and had none, which probably allows me to eat all the meat I want.
I frequently interviewed Jon Najarian during the nineties when I daily visited the CBOE for my TV show. He was an options market maker at the time. Jon also orchestrated the mock options trading sessions in which I participated at a CBOE pit after hours. He's a good man, smart, knowledgeable and on the level. Did you know he was briefly a Chicago Bear linebacker? Same for his brother Pete.
Paracelsus
Active Member
It looks more like we simple fell back to the same lower positive trend line like yesterday and then resumed our march upwards.
Bet TSLA
Active Member
From the business side it doesn't sound much different from my own thesis. The short squeeze stuff and eventual stock price theories I don't have any opinion on.
So far as I'm concerned TSLA will clearly head up above $500 as the ICE market collapses and various automotive companies fail, but that will introduce so much chaos to the market that I have no idea what things will look like. Probably a war or three, with all the factories taken over by governments to build battle-bots.
ValueAnalyst
Closed
There is a significant jump in shares available to short: ValueAnalyst on Twitter
ValueAnalyst
Closed
Todd Burch
14-Year Member
Never knew he was on the Bears. All I knew at the time was that the Chicago Board of Trade looked like a crazy stressful place to work.
sundaymorning
Active Member
Next time make sure you post the full text of the investigation. Seeking alpha is a place known to spread FUD!
https://www.ntsb.gov/investigations/AccidentReports/Pages/HWY18FH011-preliminary.aspx
- During the 60 seconds prior to the crash, the driver’s hands were detected on the steering wheel on three separate occasions, for a total of 34 seconds; for the last 6 seconds prior to the crash, the vehicle did not detect the driver’s hands on the steering wheel.
- At 8 seconds prior to the crash, the Tesla was following a lead vehicle and was traveling about 65 mph.
- At 7 seconds prior to the crash, the Tesla began a left steering movement while following a lead vehicle.
- At 4 seconds prior to the crash, the Tesla was no longer following a lead vehicle.
- At 3 seconds prior to the crash and up to the time of impact with the crash attenuator, the Tesla’s speed increased from 62 to 70.8 mph, with no precrash braking or evasive steering movement detected.
The NTSB continues to work with the California Highway Patrol and the California Department of Transportation to collect and analyze data, including all pertinent information relating to the vehicle operations and roadway configuration. All aspects of the crash remain under investigation as the NTSB determines the probable cause, with the intent of issuing safety recommendations to prevent similar crashes.
[1] A gore area is a triangular-shaped boundary created by white lines marking an area of pavement formed by the convergence or divergence of a mainline travel lane and an exit/entrance lane.
[2] (a) A crash attenuator is a device intended to reduce the damage to structures, vehicles, and motorists from a motor vehicle collision by absorbing the colliding vehicle’s kinetic energy. (b) The Tesla’s restraint control module was downloaded, and the speed at impact was recorded as 114 kilometers per hour (70.8 mph).
[3] Traffic-aware cruise control is an adaptive cruise control system that allows a set speed and a set following distance from a slower moving vehicle in front.
Edit: thanks @ValueAnalyst for the edit and bringing this to our attention. On high stakes information such as this it’s helpful to get the entire story correct.
Last edited:
bambam4171
Member
That report does not read like the Tesla one. Much more negative. I'm slightly concerned.
MartinAustin
Active Member
What does this have to do with stocks?
TSLA up nicely today... in my experience a boost like this can continue for a few days... before it finds a way to pull back a bit. I don't think it's a full-on steak rally yet.
sundaymorning
Active Member
The seekingalpha article was a hit piece, it doesn’t reflect the entire investigation. Read my response with link.
- Status
Similar threads
- Locked
- Locked
- Locked
- Poll
