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I can't believe so many people still short the stock after what this company has proven so far.
This very stock is a teachable moment for children - never give up in the face of naysayers. Never let someone tell you how it's going to be. Focus on what it is you are doing and success will be yours.
Model X will work itself out and the 3 is going to dominate. Everything else is poppycock.
This very stock is a teachable moment for children - never give up in the face of naysayers. Never let someone tell you how it's going to be. Focus on what it is you are doing and success will be yours.
Model X will work itself out and the 3 is going to dominate. Everything else is poppycock.
ev-enthusiast
Active Member
Curt, how long and how big of a drop could you imagine based on citron news?
I am currently thinking about some protective puts for my core share position.
Citron's first foray in 2013 was predicated on relative fundamentals with GM. Absolute fail - lost their shirts.
Their second was coincidental with Musk calling his own stock down. They got lucky at best.
The latest is predicated on the idea of Tesla having supply and demand constraints. Factually false. They will lose their shirts again.
jesselivenomore
Member
Very possible. I'd like to hear them elaborate on their tweet. Supply problems from model x - sure, but old news. Demand problems? Show me some numbers. Bad news flow? What news?
Although at the end of the day, their thesis does not necessarily have to be correct for them to be right on the trade. It is possible that they can simply prey on vulnerable stocks with high multiples/broken technicals and still be profitable even if their reasoning is wrong.
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No, it wasn't.
jesselivenomore
Member
Elon said that on 10/25/13 when TSLA was at 170.
The last Citron short on TSLA was 7/2/15 at 280.
Julian is incorrect.
This I would agree with. However Citron is not reporting bad news. Citron in this instance is the bad news. Sure they can pick off a few points before they are debunked or ignored. Nothing more.
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My recollection, which may be faulty, as may yours be, is that Musk was going on about TSLA overheating at $289.
Elon re-phrased it again in Nov '14: http://www.forbes.com/sites/briansolomon/2014/09/05/elon-musk-tesla-stock-price-kind-of-high-right-now/#64d1d62e7cb0
But yeah, no where near the high in Jul '15
jesselivenomore
Member
He said the stock was "kind of high" on 9/6/14 when it was around 280. Again, the last Citron short was 7/2/15.
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Andrew's justification just now on CNBC was pretty pathetic.
It basically comes down to news flow is now bearish - aka sentiment is negative. Which is kind of what I was saying before - they are trying to prey on vulnerable stocks with broken technicals, negative sentiment etc. It can still work - mind you, but nothing ground breaking.
I love how everybody is freaking over a tweet. Let's take a breather. If Citron is claiming Tesla as a whole is having Supply AND demand issues... that's a contradiction in itself. It wouldn't be supply constrained if demand was an issue. Unless he's implying the everything is shifting as a whole which is not the case. It's fine that they shorted at $280, good for them, I care more about logic and throwing people off on near baseless comments.
The Blue Owl
Endangerous Herbivore
Gerasimental
Member
Yes, last short was at just over $200. I guess you could call that a good call since the stock has been to $150 briefly since then. But it has also been to $280, and he they can hardly claim to have foreseen this drop for the right reasons. If they did, shorting USO would have been a much much better play.
FredTMC
Model S VIN #4925
yep. Watched it. He's got nothing! I just bought mores shares. First time in over two years.
dreamingof3
Member
Let's call a spade a spade. Andrew wants the stock down because he wants to cover lower? Also did Citron recommend shorting at 280 or are they just saying that is when they entered.
The Blue Owl
Endangerous Herbivore
jesselivenomore
Member
Elon did make comments when TSLA was at 280. Citron did issue a short when TSLA was at 280. But they were a year apart and had nothing to do with eachother.
Julian is correct that the bad news is that Citron is short, not the reasons they are short. They could still be right about it going down, but their reasoning was not convincing.
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Again, their last short was 7/2/15 when the stock closed at 280. That was a great trade.
Gerasimental
Member
Sorry, got my European/US date conventions wrong. I thought you meant 7th Feb.
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