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Last post 17 months ago by Mr. Jones. 8 replies replies.
Speaking of Elon Musk & Tesla - I forgot to short the stock - Bummer
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Abrignac Offline
#1 Posted: Wed, Jan 4 2023, 1:52 AM EST
Joined: 02-24-2012
Posts: 17,363
I remember having a conversation a few months back regarding Tesla when it’s stock was trading around 250x earnings. I had planned to short a nice chunk as I didn’t think it would be able to sustain its share price.

Well I was right, but damned if I did anything about it. Chit. It’s now trading at less than 1/2 the price at the time of that conversation. Looks like it’s still in a nose dive, but at 38x earnings it’s no longer completely out of whack as the rest of the industry.
Mr. Jones Offline
#2 Posted: Wed, Jan 4 2023, 8:46 PM EST
Joined: 06-12-2005
Posts: 19,467
Didnt a bunch of millionaires and billiOnAires short the hell out of Tesla stock about three years ago?

And they were losing their ASSES ...

SeVERAL HAD TO GO UNDER...

THEY LOST MILLIONS IF NOT BILLIONS AND HAD NO WAY TO GET OUT OF THEIR SHORTING POSITION...

NOW, THREE YEARS LATER...YOUR SAYING THAT IF YOU SHORTED TESLA SIX MONTHS AGO ...THAT U WOULDVE MADE BIG MONEY???

WHY DIDNT THE BIG SMART BUSINESS STOCKTRADERS HOP ALL OVER THAT SIX MONTHS AGO?

OR WERE THEY TO SCARED WATCHING HEDGE FUNDS GO BANKRUPT OVER DOING THE EXACT SAME THING 2-3 YRS AGO??

Can you suggest any good articles to read about what I just described?
CALL CAPS means nothing to me, I just get too lazy to change caps to no Caps...
8trackdisco Offline
#3 Posted: Wed, Jan 4 2023, 9:19 PM EST
Joined: 11-06-2004
Posts: 60,103
Mr. Jones wrote:
Didnt a bunch of millionaires and billiOnAires short the hell out of Tesla stock about three years ago?

And they were losing their ASSES ...

SeVERAL HAD TO GO UNDER...

THEY LOST MILLIONS IF NOT BILLIONS AND HAD NO WAY TO GET OUT OF THEIR SHORTING POSITION...

NOW, THREE YEARS LATER...YOUR SAYING THAT IF YOU SHORTED TESLA SIX MONTHS AGO ...THAT U WOULDVE MADE BIG MONEY???

WHY DIDNT THE BIG SMART BUSINESS STOCKTRADERS HOP ALL OVER THAT SIX MONTHS AGO?

OR WERE THEY TO SCARED WATCHING HEDGE FUNDS GO BANKRUPT OVER DOING THE EXACT SAME THING 2-3 YRS AGO??

Can you suggest any good articles to read about what I just described?
CALL CAPS means nothing to me, I just get too lazy to change caps to no Caps...


Maybe they got out of Tesla and bought a can't lose stock. Like FTX.
Mr. Jones Offline
#4 Posted: Wed, Jan 4 2023, 9:30 PM EST
Joined: 06-12-2005
Posts: 19,467
I'll bet several of them did....

I have known stock brokers and traders and hedge fund guys...

NONE OF THEM IMPRESSED ME ONE BIT...

THEY WERE A.L.L. OVER PAID LOUDMOUTHED **** WHO LOVED COCAINE AND EXPENSIVE LIQOUR...

THEY all lived beyond their means and we're always broke, even though they all made hundreds of times what I did...
Mr. Jones Offline
#5 Posted: Wed, Jan 4 2023, 9:30 PM EST
Joined: 06-12-2005
Posts: 19,467
**** = a s s holes
Abrignac Offline
#6 Posted: Wed, Jan 4 2023, 9:57 PM EST
Joined: 02-24-2012
Posts: 17,363
Don’t know any of the “experts” you’re referring to, but pretty much any rookie investor knows that a stock that trades at 314x earnings is one bad piece of news away from a steep price drop.

I assume you realize that PE is based on an annual equation so at that rate it would take 314 years of earnings to equal share price. Hence, the share price was totally driven by momentum and it was inevitable that it would tumble.
Mr. Jones Offline
#7 Posted: Thu, Jan 5 2023, 6:37 PM EST
Joined: 06-12-2005
Posts: 19,467
First guy to lose $200 billion....

His name is...

The DUMBO TWITTER BUYER...
ELON MUSK...
WHO DIDNT DO HIS DUE DILIGENCE BY RESEARCHING SAID TWITTER JACK DORSEY PONZI LIE SCAM THAT WAS CALLED TWITTER...AND OVER VALUED BY FIDDY PERCENT...
JACK DORSEY THE AMISH TIE DYE WEIRDO IS LAUGHING HIS ARSE OFF AT THE COWBOY SPACEMAN WITH OVER PRICED E.V.'s sitting in the desert ....unsold...by the 10's of thousands...whilst king MIDAS sells his Tesla stock at 1/3 the value of 2 yrs ago to keep the Dorsey scam BIDNESS afloat...

What a dumb dumb f*k musk is...
Mr. Jones Offline
#8 Posted: Thu, Jan 5 2023, 6:38 PM EST
Joined: 06-12-2005
Posts: 19,467
First guy to lose $200 billion....

His name is...

The DUMBO TWITTER BUYER...
ELON MUSK...
WHO DIDNT DO HIS DUE DILIGENCE BY RESEARCHING SAID TWITTER JACK DORSEY PONZI LIE SCAM THAT WAS CALLED TWITTER...AND OVER VALUED BY FIDDY PERCENT...
JACK DORSEY THE AMISH TIE DYE WEIRDO IS LAUGHING HIS ARSE OFF AT THE COWBOY SPACEMAN WITH OVER PRICED E.V.'s sitting in the desert ....unsold...by the 10's of thousands...whilst king MIDAS sells his Tesla stock at 1/3 the value of 2 yrs ago to keep the Dorsey scam BIDNESS afloat...

What a dumb dumb f*k musk is...
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