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3:45pmDefinitely. I'm not even sure whether they'll reopen tomorrow.
Suuuuuuper complicated. If this is the sort of offer I'm guessing it will be, then if you hold for conversion to private shares you retain your original purchase price and holding period.Any insight regarding the conversion to private shares and tax implications? I like to try to hold my shares at least a year to avoid the higher short term capital gains rate. Currently, only about a third of my TSLA holdings are long term.
Einhorn may have to sell much more than his Model S.I wonder how high a stock can go in 15 minutes?
Nope. If Musk's group actually makes the tender offer and it is (a) rejected by the Board or (b) approved by the Board and rejected by the stockholders or (c) revised multiple times with higher prices and then rejected by the stockholders, that's legit.
If they didn't actually make the tender offer, that would lead to an investigation. If they make it, and it doesn't go through *because the stock is worth more than the offer*, that's legit. It's not manipulation, it's a real attempt to take the company private, just one which didn't have enough money to do it.
Did I miss anything important in the last year?
Long and strong of the best game in town, amirite?
I will personally try to hold the majority of my shares in the private company but it will be super interesting to see how high the stock could peak now that all those short the stock will have to run for the exit. With the short interest so high, start Elon just tweeted seems to me akin to "yelling fire in a crowded theater" where there's only one exit... And the exit isn't particularly wide.
Has something like this ever occurred historically, i.e. a private buy-out offer of a public company with such a high short interest?
Also, what are the latest estimates of the degree of naked short selling of the stock? I know naked short selling in principle of disallowed but surely there are many work arounds that can be, and are being used, to accomplish this?
Must be real nice when you have all those spare $ sitting in non-IRA accounts.Don't know, the only thing that comes to mind is sell the shares in the IRA and buy with other $ in non IRA account
Given that I'm 100% in LEAPS I am having a pretty stressful day. Hoping they are able to somehow convert if we go private.