Gentlemen, you can't talk about market action in here - this is the Market Action thread!
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Gentlemen, you can't talk about market action in here - this is the Market Action thread!
Joe F
Disruption is hard.
Tsk, tsk, tsk.
Sorry, wasn't directed at anyone in particular, but your post was a perfect opening for it. No offense meant. But, it was a rather... active overnight to have to wade through.
Friends now?
Wonder if it goes both ways... how many Tesla employees drive Toyotas? Any Prius'? And do they feel comfortable driving them to work?
It did after all used to be a Toyota plant, along with Geriatric Motors...
HG Wells
Martian Embassy
Judging from the @teslaparkinglot instagram, I don't think there's any problem with such things.
Fact Checking
Well-Known Member
Indeed, an ambush was briefly attempted about 10 minutes before the close, but today's unrelenting buying interest near $320 quickly brushed aside the insurgents.
What insurgents? I only saw terrorists!
Three more curious market action details:
- The TSLA close of market trading session had an uncharacteristically high volume of 220k+ shares - much higher than daily volume would indicate. It resulted in the $320.10 closing price.
- The closing session allows the posting of almost arbitrary amount of BUY LIMIT orders, which get matched with sell limit orders and get executed at the closing price. "Excess" orders are discarded. I.e. there were more than 220k limit orders at $320.00, which soaked up all the sell orders (220k shares worth of).
- After market price never went below $320 either.
I.e. the $320 barrier seemed to be very strong - at least today.
Trade it like a min-pegged currency - if you trust the peg.
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Friday is always interesting, option expiry day, stock could be easily manipulated, short sellers could short it and Buy calls for protection.
Krugerrand
Meow
Krugerrand
Meow
Discussed and explained several times: short version - they can’t because in the middle of sorting out a deal behind the scenes to take Tesla private.
Fact Checking
Well-Known Member
Yes, but why would anyone protect the $320 barrier on a Thursday? Very curious ...
I'm gonna trade it just like my peg in a cribbage game where I just had a 29 hand to win the tournament...
Leave it where it sits and collect my winnings... eventually.
It's obviously not a problem for Tesla employees to drive Toyota's. Not all Tesla employees can afford Tesla's at this point in time. Many in the factory or retail locations are of college age. If they hold on to their stock options and do their job, they certainty will be able to.
The animosity for Tesla is high at traditional auto for many reasons, socioeconomic being one of them. Not having a union, not rolling coal, Tesla ending them if successful, etc and you have all sorts of reasons for Tesla to be taboo at traditional auto.
A Prius at a Tesla office is not a big deal, but you'd have to be pretty ballsy to roll up in a Taycan or iPace and park in Elon's spot.
Edit: Oh. and buy an adapter so you can charge your Taycan at Tesla using their HPWC.
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Did UBS ever sue Cramer for painting them as incompetent buffoons?
Well, if you are an Apple employee being spotted holding an Android phone on campus you're career is pretty much doomed.
It's obviously not a problem for Tesla employees to drive Toyota's. Not all Tesla employees can afford Tesla's at this point in time. Many in the factory or retail locations are of college age. If they hold on to their stock options and do their job, they certainty will be able to.
The animosity for Tesla is high at traditional auto for many reasons, socioeconomic being one of them. Not having a union, not rolling coal, Tesla ending them if successful, etc and you have all sorts of reasons for Tesla to be taboo at traditional auto.
A Prius at a Tesla office is not a big deal, but you'd have to be pretty ballsy to roll up in a Taycan or iPace and park in Elon's spot.
Edit: Oh. and buy an adapter so you can charge your Taycan at Tesla using their HPWC.
Am I reading and interpreting this correctly?
"Tesla reaching the $185 price target is absolutely crucial for out mission: to be able to cover our 15 million shares TSLA short position."
Does this mean
$185 is the aggregate basis of their short? $2,775,000,000 they got for shorting
$420 is the aggregate amount to buy back $6,300,000,000 they may owe?
a
LOSS of $3,525,000,000 (i anticipate abrupt retirements)
Joe F
Disruption is hard.
Hmm, if so, it would be dismissed based on a pot<—>kettle ruling.
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