Getting destroyed...

[dwk04d]

...with Tesla... I've been "short" for months (buying puts)... sorry, this probably doesn't belong in this forum but mods, please, I need to vent in front of an audience.

If you are a Tesla bull... what am I missing? They're taking over the world... got it. I disagree, but... I mean, is there any other justification for this valuation? And whatever happened to thinking about downside? Do people think this is going to be the company that is featured in the Fifth Element?

 

[mjpwooo]

What did Norvell say about it in today's PC?

 

[garnett76]

Do they have any offensive tackles we can talk to!

 

[Noleshow88]

What about GameStop? What a ridiculous run it is on!

 

[FreeNole]

I do not own Tesla and never will. But what you are missing is Tesla is be premium brand in the future of automobiles and spinning out technologies that will be used all over the place. Think Apple in 2003,. People said Apple was just a MP3 company who could never realize its valuation.

If your going to short it, short it, don’t buy puts. Shorts have to have sticking power and puts have a time based horizon. Puts are not a great option for shorting a stock unless there is a known event that will move the stock.

 

[dwk04d]

I do not own Tesla and never will. But what you are missing is Tesla is be premium brand in the future of automobiles and spinning out technologies that will be used all over the place. Think Apple in 2003,. People said Apple was just a MP3 company who could never realize its valuation.

If your going to short it, short it, don’t buy puts. Shorts have to have sticking power and puts have a time based horizon. Puts are not a great option for shorting a stock unless there is a known event that will move the stock.

it’s the best I can do... I don’t have the liquidity, or the broker, to short it

 

[dwk04d]

What about GameStop? What a ridiculous run it is on!

I’ve heard it’s a ridiculous short squeeze, butI have no idea what sparked it. Also, from what I’ve heard, the company is severely over-valued... seems Reddit is running Wall Street these days...

 

[FreeNole]

it’s the best I can do... I don’t have the liquidity, or the broker, to short it

Then don’t short it. Trying to time a market or a stock, particularly one of the hottest stock in the market, is a suckers game. Buying puts are best used to protect a long position going into earnings or some other event. Or as part of a more complicated strategy. Trying to short a stock over the long term using a time based asset like a put, is essentially like using margin to buy it. You are very leveraged in either case.

 

[surfer1056]

As a Tesla owner and stock owner since $175 (pre split), they have a HUGE competitive advantage with their battery range, charging stations, solar bundle and self driving. Take for example the Cybertruck being released at the EOY and it goes 500+ mile range while only costing $70K. GMs Hummer will cost $130K and only go 350 miles. Plus they have the manufacturing already set up which reduces margins. This also doesn’t even mention the Semi trucks which will be on the road soon. From an investing standpoint I expect a pullback soon BUT if they crush earnings then prepare for more hurt before a significant pullback.

 

[haywood50]

I’ve heard it’s a ridiculous short squeeze, butI have no idea what sparked it. Also, from what I’ve heard, the company is severely over-valued... seems Reddit is running Wall Street these days...

130% of GME shares are being shorted. Now it’s time to pay the piper and nobody is selling to shorts so they can cover. If you shorted at $2 per share with 1,000,000 shares like a lot of hedge funds did you basically didn’t care if you were involved in causing the insolvency of a business that employees fellow Americans. You just wanted an easy ride on a printing press. Well that would be at as sale basis now of $2m with a current cost basis of $222 per share x 1,000,0000 or a $220m loss and growing. Now I know a lot hedged with calls but that combined with the retail investors call buying is keep the shorts positions underwater. So the institutional shorts are helping create their own problem. Basically a retail established proxy war against Wall Street.
Could be the biggest short squeeze in 50 years.

 

[dwk04d]

As a Tesla owner and stock owner since $175 (pre split), they have a HUGE competitive advantage with their battery range, charging stations, solar bundle and self driving. Take for example the Cybertruck being released at the EOY and it goes 500+ mile range while only costing $70K. GMs Hummer will cost $130K and only go 350 miles. Plus they have the manufacturing already set up which reduces margins. This also doesn’t even mention the Semi trucks which will be on the road soon. From an investing standpoint I expect a pullback soon BUT if they crush earnings then prepare for more hurt before a significant pullback.

tell me a bit about their battery life, please. How long have you been driving the car? Any degradation yet? Any concerns?

 

[Noleshow88]

130% of GME shares are being shorted. Now it’s time to pay the piper and nobody is selling to shorts so they can cover. If you shorted at $2 per share with 1,000,000 shares like a lot of hedge funds did you basically didn’t care if you were involved in causing the insolvency of a business that employees fellow Americans. You just wanted an easy ride on a printing press. Well that would be at as sale basis now of $2m with a current cost basis of $222 per share x 1,000,0000 or a $220m loss and growing. Now I know a lot hedged with calls but that combined with the retail investors call buying is keep the shorts positions underwater. So the institutional shorts are helping create their own problem. Basically a retail established proxy war against Wall Street.
Could be the biggest short squeeze in 50 years.

melvin capital and Citron are toast!

 

[nooniebird74]

I love what is going on with GME. Those hedge funds placed their bets. They lost. WallStreetBets placed their bet. They won.

It’s amazing to see AOC and Ted Cruz agree on twitter that what Robinhood did to their traders in restricting the stock was jacked up. Now I’m seeing other Republicans and Democrats posting on twitter that they support the traders on WSB.

Note: I’ve followed WallStreetBets for 2 years now. It’s the FUNNIEST message board ever if you love investing/trading. I suggest more people read it... if you have thick skin and a sense of humor.

 

[F4Gary]

I hope the hedge funds take a beating. Good for the reddit guys.

 

[HonoluaBay]

There's so much opportunity in the mkt on the long side. Why would you short a company that has as much cachet as a brand and social symbol, and is a car company, an infrastructure company, a battery company, and, drum roll, a technology innovator. I agree that it's over-valued, but the risk is too high and opportunity exists elsewhere.

Some good advice above about how a retail investor uses puts. If you're hell bent on shorting then I'd suggest either a day trading strategy or building around LEAPS. Good luck