SHORT squeeze $380/share

Discussion in 'Tesla' started by bwilson4web, Dec 17, 2019.

  1. bwilson4web

    bwilson4web Well-Known Member Subscriber

    I cut my sell order at $650 in half. My plan is to look at the traffic on Thursday and Friday to determine if a "VW" style SHORT squeeze has finally arrived. If so, I'll put the other shares up at a substantially higher price. If not, 'profit taking.'

    Bob Wilson
     
  2. Pushmi-Pullyu

    Pushmi-Pullyu Well-Known Member

    What a perfect analogy!

    But, Bob! Why give such a truncated and silent clip from that classic scene? That deserves a full viewing:

     
    bwilson4web likes this.
  3. Pushmi-Pullyu

    Pushmi-Pullyu Well-Known Member

    I almost never visit "Shrieking Alpha" anymore, as I've had my fill of the bull pucky shoveled out there by professional stock shorters spouting FUD about Tesla.

    But i just had to peek in today, to see what panic among shorters looks like.

    Here's my favorite post from today, a response to a typical "Tesla is having a financial disaster! Short TSLA now!" blog post by long-time professional Tesla bashing short-seller Anton Wahlman; a comment which... hmm... might have more than just a trace of sarcasm: ;)

    truwa
    Yeah, Tesla is doomed. Bankruptcy is imminent. They can't make profit. They can't raise capital anymore. They have boatloads of depth [debt?]. Competition is coming. They are just another car company, they don't have any technological advantage whatsoever. Chevy Bolt is outselling Model 3 by 9:1. Wait for GM to ramp bolt production then Model 3 will be announced dead officially. Gigafactory Shanghai is just a shell, they are assembling parts shipped from USA by hand. China is poor and they can't afford Model 3, yet alone Model Y. Demand already collapsed more than 90% in Netherlands, Norway and Spain. No subsidies in the US. Expect a sharp decline everywhere in demand. 500K+ deliveries this year is a pipe dream and Musk is a con man. Who will buy the Model Y when there is already higher quality EVs with the nicest interiors like E-Tron, EQC, Mustang-E and iPace? That is why Model Y will be limited with just one production line. Giga shanghai will convert to Chinese government, you will see. Germans will never allow Giga berlin to succeed. TESLA is a pipe dream as a whole, it is a ponzi scheme. Sell all your TSLA and save yourself. If you don't own TSLA then it is high time to short. Short all the way and trust Anton and me, 300% profits almost guaranteed in this year.

    And did you see the Porsche Taycan that is leaving Model S in the dust? That is what I am talking about when I say "the competition". Taycan is the summit of the hundred years of experience and it shows inside-out. It is by far the most advanced EV ever produced, its tech is like from another world, its software is too advanced that it won't need OTA updates ever. Its batteries are such efficient that it can go 192miles without needing to charge, can you believe it, 192 f.cking miles. And it is so cheap that everyone can buy one, just $185K before the options.

     
  4. bwilson4web

    bwilson4web Well-Known Member Subscriber

    Thanks, a dirty job but someone has to do it. Now for something completely different:

    We just took our Model 3 on a six day, 1,980 mile trip, costing $59.25 in EV charges. Given gas at ~$2.25/gal, that would be ~26.7 gallons or ~74.2 MPG. Worst case, the winter weather, ~40 F, rainy, with head winds, and high speeds yet the trip was quite affordable. Free charging at motels helped as we never got free gas at them.

    A month earlier, an over-the-air update increased the peak charge rate from 100 kW to 170 kW. Although Supercharger speeds vary 120, 150, 250 kW, in practice charging speeds peaked at 150 kW. Typical SuperCharger sessions took less than 20 minutes to reach the next charger which we combined with drive-in dining: (1) potty break; (2) takeout food, and; (3) charge car and eat.

    This trip was cheaper than our former Prius Prime, ~55 MPG in nice weather. Best of all, it costs a fraction of any other 5-seat, sedan.

    Tired, I sold part of my original, TSLA stock, for $650. I was going to sell half of that lot at $650 and then monitor the SHORT traffic on Thursday-Monday. Predicting the future is risky but I can see $750-1,000 within 2020. My current plan is to payoff my Model 3 note and take profit from interest avoidance and eliminate collision insurance cost.

    Bob Wilson
     
  5. bwilson4web

    bwilson4web Well-Known Member Subscriber

    • My Tesla Model 3 easily goes over 220-234 miles an a full charge.
    • List price, $43k is less than $185k.
    What a strange man so disconnected from reality.

    Bob Wilson
     
    Frank K likes this.
  6. bwilson4web

    bwilson4web Well-Known Member Subscriber

    Source: https://www.teslarati.com/tesla-tsla-short-burn-of-the-century-v3-q4-earnings/

    . . .
    There comes a point in time when even the most persistent bearish arguments get proven so wrong, they become nothing more than noise. This certainly appears to be the case with Tesla shares, with investors supporting the company due to its improving fundamentals. With shorts hurting from this recent rise, it remains to be seen just how high Tesla could fly in the near future.

    Bob Wilson
     
  7. bwilson4web

    bwilson4web Well-Known Member Subscriber

    That strange man at SeekingAlpha is "Anton Wahlman" who is unusually ignorant about EVs.

    Bob Wilson
     
  8. bwilson4web

    bwilson4web Well-Known Member Subscriber

    From $650 to open at $690 at the opening. Which part of a SHORT squeeze is evident?

    I had a small tranche sell at $790. I just moved it up to $990. I want some space to savor the victory.

    Bob Wilson
     
  9. marshall

    marshall Active Member

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  10. Pushmi-Pullyu

    Pushmi-Pullyu Well-Known Member

    TSLA investors must think they have died and gone to heaven.

    TSLA closed today at $780.00.

    Re the video below: I tried multiple ways to embed a start and end time to get the clip which is relevant here, without success. :( Start at 1:00; end at 1:11.

     
    Last edited: Feb 3, 2020
  11. bwilson4web

    bwilson4web Well-Known Member Subscriber

    I barely got my small, sell tranche raised from $790 to $990 before the end of day. I'd set it to $790 thinking 'Shirley it won't go that high.' I've already got enough to payoff the Model 3 and save interest and collision insurance expense.

    Bob Wilson
     
  12. Pushmi-Pullyu

    Pushmi-Pullyu Well-Known Member

    And now the price is ~$914.

    This is no longer a roller-coaster ride, it's...

     
  13. gooki

    gooki Active Member

    Congrats on covering your model 3 loan.

    The $10,000 I invested last year is now $31,000. A couple more days like this and it'll cover the cost of my Cybertruck pre order (2 years earlier than I had hoped).

    For shlts a giggles. I put in a sell order for $1500 yesterday.

    $960 at the moment. Your $990 sell might get executed by the end of the day.
     
  14. bwilson4web

    bwilson4web Well-Known Member Subscriber

    This is what I shared with Autoline Daily:

    The Tesla stock run-up sends a clear and unambiguous message to the board members of every traditional manufacturing company . . . reform!

    They may not be technical, just glorified accountants, but comparing their stock performance to Tesla over the past six months, they’ve been as uninspiring as Tesla has been the game changer.

    As for their stockholders retail and institutional, TSLA has to be a lot more attractive (but I don’t recommend buying today!) It is past time to clean out the fossils on the board of directors and corporate officers. SHORTs and vulture capitalists should sniff out the new bait, traditional automakers.

    The EU ‘Tesla killers’ in real life have been PowerPoint paper tigers both too expensive and poor performance. So let’s keep it real and cite EVs and other technologies that have sold at least 10-100 units, a reality test, to see if they have something beyond eye-candy, prototypes. Otherwise, go to SEMA and let them give a smoke enema.

    The latest stock price run-up is irrational but real. Once the SHORTs are sufficiently depopulated, I welcome stock stability.

    Bob Wilson
     
  15. TSLA has become a day traders dream this past week, both long and short. Most traders are in for only a few hours at most right now, even swing trades are dangerous. Almost as bad as Bitcoin a couple years ago. But eventually it should settle down, and at least be good for some swing trades. Right now, though, unless you are a pro, good way to lose a lot of money playing this one. And for the long term holders, hope they took their profits and ran...
     
    Pushmi-Pullyu likes this.
  16. Pushmi-Pullyu

    Pushmi-Pullyu Well-Known Member

    Looks like the rocket ascent has burned out and the rocket is now falling as fast as it ascended.

    But then, as I've said more than once, my predictions about stock price movements are usually wrong...

     
  17. Domenick

    Domenick Administrator Staff Member

    Hard to be consistently right on a stock with a mind of its own. I thought it might drop to the $500 range over the next day or so, but after yesterday's big drop, it's looking like it's not yet ready to go calmly into that dark night (not that $500 is especially dark. I just like that expression).
    Tesla-back-up.jpg
     
  18. Domenick

    Domenick Administrator Staff Member

  19. Yeah, they're saying now that they should be doing more than just 2 billion. But it does fly in the face of what Musk said a couple weeks ago that they would not be going to the markets for more money. At that time, of course, that helped the markets go even higher. Now it seems he couldn't resist.

    From a pure corp financial perspective, this is actually a good move. Tesla has about 14 billion in debt, and what better way or time to reduce that than now with selling more shares. I think that is what the markets are saying too, with their support today.
     
    Domenick likes this.

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