TSLA Market Action: 2018 Investor Roundtable

[NicoV]

Yes, sorry, crazy Belgians use commas for decimal places and periods as 000's separator - threw me for years before I got used to it...

Strange, I had the same issue with American numbers

 

[Tslynk67]

Every $ above $360 some big player is losing $5.6M. That's quite the incentive to keep the price down.

I'm a bit thick, can you explain this for dumb people? Who get to buy the shares and who loses, why fro they lose?

Sorry for being a cretin, but I just don't know about this stuff.

 

[Tslynk67]

Strange, I had the same issue with American numbers

I British... Wait, no, I'm Belgian... No, hang on, actually I'm both

 

[schonelucht]

I would greatly appreciate some help understanding the Bigger Picture on this one. Wouldn't this create a 'war of attrition', where if they short it too long to hold it down below $360 then they will be on the losing side of that bet in a trend with buying pressure taking the share price towards the ATH? Thus, at some point it might be less profitable than originally intended, but more profitable than continued shorting to let the price run...........?

It's a short position like any other. You can add some more money to your bet by trying to keep the stock down but in the end when the real movement happens, you'll be squeezed and forced to cover.

 

[dmckinstry]

Yes, sorry, crazy Belgians use commas for decimal places and periods as 000's separator - threw me for years before I got used to it...

I thought all Europe did that. But whichever way it's done, it becomes obvious with a long string of digits. Either multiple commas with a single period (U.S.) or a single comma with multiple periods (European), or typos causing confusion.

 

[Intl Professor]

Spot-on, Prof, you need to be a certain type of character to do what Elon's doing and I'm not one of those. Not smart enough, not creative enough, not resilient enough, not as driven, not as focused, and so on. I can present better than him though, so it's not all lost...

I'm sure you sell yourself short but I'm not at all worried about your ego or more importantly, your sole, I mean, soul.

For a time I learned a lot from my first African American experience. Item one when I asked if she felt color was an impediment. As a child she said, a white girl said she was inferior because black. Her answer: "No, I can pick more cotton than you." And later explained, "my Dad fed that family later in the year." On another occasion when someone did something better than she, "there is always someone who can do anything I do better than I, but no one my exact combination of talents."

No one does all the things you do as well as you do. I'm sure Elon knows that too. I think he knows he is too demanding of the women he loves, but he may be the best Dad in the world if for no other reason than he is not repeating his father's mistakes—based on second hand knowledge of biographies.

 

[bdy0627]

More margin calls coming for some shorts this afternoon?

 

[Esme Es Mejor]

If the SP gets to $360, can Tesla convert those bonds immediately, or do they have to wait for the conversion date?

 

[ZachF]

magnum close

 

[HG Wells]

Well todays rise of 13 points is reasonable. Not great, but reasonable.

I am well on my way to buying a few seats on the BFR to mars. I wonder how much Elon will charge for the reservations.

 

[wipster]

Well todays rise of 13 points is reasonable. Not great, but reasonable.

Damn, have we come to expect a lot or what?

 

[DurandalAI]

Who would want that work and worry load? Plus the burden of having to top oneself, daily, and the frustrations of having to match great thoughts to reality. I'd rather get rich the old fashion way, started investing with TSLA in 2010 for an overall stake at $70/share. Last year purchased 50 sh. at $340 and never got dizzy in roller coaster ride thereafter.

Thanks, Elon, for bearing the burden. You are not compensated enough for the sacrifice. But then, I'm extinguished and not into the dating game—another lessor burden. And, withal, as we speak my wife is choosing courses for the fall as she begins her gerontology major!

Sad I’m not as smart and wealthy as Elon, happy that I’m not as dumb and soon to be poor as the shorts.

 

[oneday]

I am continuing to be financially irresponsible, riding the ragged edge of margin calls, adding more as we go up. Still have a little AAPL that just sits, but otherwise all TSLA. Just bought some October 470 calls.

I'm curious, how much were the 470's?
My brokerage doesn't list those. Is there somewhere special you get them?

 

[Skryll]

I'm curious, how much were the 470's?
My brokerage doesn't list those. Is there somewhere special you get them?

Ameritrade shows:

oct18-c-460 bid 9.15 ask 9.45 (got a single one for 8.59 )
oct18-c-470 bid 7.85 ask 8.15

Beware of momentum trading with the phone app, they had an issue a few days back with a fibre cable cut causing outages that were not immediately obvious. I ended up selling one of my jun22-c-302.50 early instead of holding it to next week because of the data being displayed being wrong, and after calling them twice all they did for me was give me $60 worth of free trades while I am looking at having taken a $1300 opportunity cost by having done a trade based on wrong info that I would not have if I had had the real data.

 

[hobbes]

It's a short position like any other. You can add some more money to your bet by trying to keep the stock down but in the end when the real movement happens, you'll be squeezed and forced to cover.

How long would you guess we get stuck at this price? I guess depends on the amount of money involved in the hedge.. Hours or days?

In contrast to some other short positions, these are probably not motivated by hating Tesla. So if they think they can make more money riding the current rise, they might cover? Or is there anything else keeping them from doing that? I think I feel much the same as @Lycanthrope , quite confused by this...

 

[hobbes]

Damn, have we come to expect a lot or what?

Yeah. Remember earlier today, the technical goal for today stated by OptionSniper was $352 IIRC... TSLA beat that comfortably. (Interesting - was going to write "we beat that comfortably". Must remind myself "we" don´t move the market )

 

[Bet TSLA]

I'm curious, how much were the 470's?
My brokerage doesn't list those. Is there somewhere special you get them?

Listed like any other options at E*Trade. I'd be very surprised if your brokerage doesn't support trading in these. Possibly not in your account though, depending on a variety of factors. I bought them for $7.48.

 

[Causalien]

Mod: Historical stock purchases are hardly "market action". --ggr.

Measuring who's stick is longer is.

 

[Unpilot]

With the SP at it's current level..and the lack of any real news..and with EM buying more shares....well my interest is peaked enough I am going to load up some more powder.

I'm thinking a small pullback tomorrow..I load up some more shares and ride baby ride!

 

[dc_h]

I would greatly appreciate some help understanding the Bigger Picture on this one. Wouldn't this create a 'war of attrition', where if they short it too long to hold it down below $360 then they will be on the losing side of that bet in a trend with buying pressure taking the share price towards the ATH? Thus, at some point it might be less profitable than originally intended, but more profitable than continued shorting to let the price run...........?

I also find it curious that the China news feels like it is being withheld until TSLA approaches the ATH. That would certainly propel it to new heights.............

Why keep it down, they instantly convert for a profit. What is the premium they get?
How bad is the short theme if convertibles concert?