I've held a couple thousand shares since 2013. Always told myself I would sell at $500. Naw, changed my mind, I like these shares, gonna keep them!
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
lost a quarter of his wealth. I think there a lot more shorts still holding out for a miracle.
ob·lit·er·ate
/əˈblidəˌrāt/
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verb
/əˈblidəˌrāt/
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verb
- destroy utterly; wipe out.
"the memory he had shorting TSLA was so painful that he obliterated it from his mind"
How in the world am I blocked on that one... I never said anything to those people....
The #TSLAQ crowd may be able to scrape some money together if they sell their block list to marketing companies I think. That list is full of people newly flush with cash.
Sad. I'm tempted to comment but it will be taken the wrong way I'm sure.
Even if you just say positive things they can wind up adding you. He is closing, down 50%, but then goes on to say he is still sure it's a fraud and will go back in at some point.
Sad. I'm tempted to comment but it will be taken the wrong way I'm sure.
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jhm
Well-Known Member
There's a big difference between the two runs. 2013 was based on future expectations of a Wall Street darling. 2020 is based on proven bad-ass growth through years of scoffing, scorn and hatred from the Street.Is it wrong to feel like we are in '13 again
..that would be close to a $3k stock price by the end of this year
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498.27 wow I never expected this close to 500 today.
Can't imagine what Elon's and fellow workers' dance is looking like now.
Can't imagine what Elon's and fellow workers' dance is looking like now.
ZachF
Active Member
50% loss...
Remember fellahs, shorting is the inverse of investing. When you invest money long, your downside is 100%, and your upside is the moon... With shorting, your upside is 100%, and your downside is the moon.
Anyone who shorted at bleow $245 now, has a greater than 100% loss if they haven't covered.
People who shorted in the $300-350 range that the stock liked to trade in from 17-19 have lost about half their money.
Even people who shorted at the higher ranges the stock was trading at are looking at ~30% losses now.
They use a block list. So as soon as you blocked by one of them in particular, you’re blocked by all.
That's not a bad link. You are on the $tslaq Block-List.
And that's why they lose.
q.e.d.
(open in incognito mode - or don't. it's sad)
adiggs
Well-Known Member
Your broker never let you get into that position. Or alternatively, as you got 'close' to that, your broker closed your position (buy to close at market) already and your position was closed for you.
Your broker won't EVER let you get anywhere close to that position.
Pezpunk
Active Member
my question as well -- can shorts just default en masse, preventing a short squeeze? i mean as far as i can tell, there's nothing stopping a fund (i.e. corporation) from going bankrupt and defaulting on all its obligations, while its owners walk away with all their personal assets (and assets in other businesses) in tact.
My TSLA position is about to eclipse my index fund retirement holdings to which I've been contributing 10% of my annual salary for the past 11 years. Can't bring myself to sell -- only hedge.
Anyone please tell me that the real short squeezing starting today? I am just too excited!
Chickenlittle
Banned
Securities liquidated if still not enough to collect you go to collections. The flip side is more fascinating. If you loaned your shares to be used to sell short, and the borrower can’t pay back brokerage is only responsible to pay back based on last closing which is used to determine the amount in escrow. The brokerage is not obligated to make you whole
N5329K
Active Member
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