Selling some TSLA for $420

Dear SEC,

Funding assured:

The following order executed on 12/23/2019 at 10:52 AM, Eastern time:

Account: ****
Transaction type: Sell
Order type: Limit
Security: TESLA INC (TSLA)
Quantity: *** share(s)
Price:* $420.00​

Bob Wilson

 

I put some more up at $536. ... Too much?

Bob Wilson

 

I noticed:

When Elon tweeted $420 about TSLA stock price, the SEC leap in to fine him and Tesla. But this TSLA short who makes money by 'talking down' Tesla, remains ignored by the SEC. In 2-3 days, we'll see the Elon preliminary numbers and 5-6 weeks later, the official financials. If as expected, Tesla has good numbers and the stock price recovers, perhaps the SEC needs a complaint letter?

Actually it could have been a SHORT-slap like in the classic movie, Airplane:

This may be an attempt to stop the SHORT-squeeze panic.

Bob Wilson

 

I was thinking there should be an embargo on financial statements 5-7 business days before the quarterly report. This puts the speculators and company on an even playing field. Nobody publishes anything until after the quarter ends.

In this case, Cowen has a significant SHORT position on TSLA. If they can 'talk down' TSLA price, Cowen reduces their SHORT-squeeze cost. If they freeze their TSLA transactions for say 5-7 days after making this announcement, I'd be OK with it because they are not profiting from their 'announcement.'

Bob Wilson

 

That is what Elon said but the SEC acted against him anyway.

Bob Wilson

 

I'm looking for $380/share so I can buy it back with a 10% increase in shares. <grins>

Bob Wilson

 

Tesla still has a substantial number of shares SHORTed, ~25% by some accounts. Speculation, should the price stay in the mid $400s, it will draw attention to famous predictions like: Cowen Expects Tesla to Miss 2019 Delivery Forecast - Market Realist

Tesla (TSLA) stock fell 4% this morning after an analyst said the company could miss its 2019 delivery forecasts. According to a Bloomberg report, Cowen’s Jeffrey Osborne predicted that Tesla would ship nearly 356,000 vehicles in 2019. Osborne’s estimate was slightly lower than the EV (electric vehicle) maker’s forecast of 360,000–400,000.​

My understanding is SHORT investment losses are not limited. You can actually lose more than your original investment because you've 'borrowed' the stock. Some of the trading in December suggests a SHORT squeeze for the smaller investors. When the big holders 'feel the heat', an existential threat to all they have, it will be 'Custer at Little Big Horn.' Then the stock can return to more normal trading.

Bob Wilson

 

Personally, the investors who sold on his advice should consider action. Perhaps @hill might have a 'free' opinion?

So if you falsely yell "FIRE" in a theater, do those who safely evacuated, no material loss, have any standing? Those who were injured should have an action for any proven loss. Of course there is the challenge of proving intent versus "chicken little" claiming the sky is falling.

Bob Wilson