LoL. You have an irrational hatred of someone who is pushing the car industry forward.
How many times has Tesla succeeded when you said they would fail? Why are prominent short sellers now giving buy ratings?
You lost. Tesla is here to stay. Musk musked all you dweebs.
At this point you're just making stuff up and clearly don't understand the basics of opening and closing equity positions.
I'll actually go through and flesh out your own pathetic argument for you just to show how wrong would be (that is if you had the intellectual capacity to form a paragraph or link to something that would support your claim).
Citron Research was a famous investment fund that were shortsellers of TSLA stock and are more famous for their law-bending use of public declarations to manipulate stocks in the direction of their position, much like Musk does with his declerations.
Citron reversed their position because it makes them money. They announced their switch 10/22/18 at the stock's bottom, then it surged 10% on their announcement. Why? Because they made money when it tanked and then saw more money to be made from a swing up than a further swing down (investors call this a
'support level', which for Tesla is around 250-260 per share). Just like...I DID WHEN I CASHED MY SHORTS and explained I am amenable to buying Tesla stock based on the amazing fanboi tendencies of investors and casual schmucks. I entered my shorts at a "resistance level" in the high 300s. The view that something is a fraud doesn't mean you believe everyone will sell their shares and it will reach zero when trading stocks. Likewise, just because you like a company doesn't mean you don't sell the shares if it reaches an irrationally high value.
Citron just did a similar thing with Roku last week in reverse. Roku was called a sham by Citron in 2017 when they were shorting it, then they reverse their position and bought stock in Roku, declared it a "winner" and rode it to huge gains of about 100%. Then last week decided to murder the stock again by calling it univestable once they had cashed out.
Sherdogger
@JonesBones can verify these behaviors as an investor in Roku.
Similarly, in November they endorsed buying Snapchat, not because it's a good company, but because it had already fallen so much, again to a "resistance level". (I was shorting SNAP too but got too greedy in its fall from $6.XX to high 4s and should have cashed out, but waited and didn't eject till it was back at 6)
I have zero money for or against Tesla right now because I don't see safe opportunity given the stock price and day of year, not because I don't believe Musk to be a fraud. It's almost as if I am a functioning adult who can dually operate a stock trading gig based on market opportunities AND hate an individual businessman at a personal level. I hate a lot of companies that I would never dream of shorting, and I've shorted companies I like (e.g. Costco in mid December).
Here is me replying TO YOU in late December on the very same issue.
Do you actually enjoy flopping around like a mental midget on the internet talking about shit you have no business opening your mouth on or seemingly can't remember discussing already? Fuck dude I smoke more weed than 99% of the world and I can still recollect things from a few pages back in this thread. What's your excuse for being a goldfish with a keyboard?
Nothing you said is wrong.
I agree. Can you read?
Musk sucks and is a conman presiding over a huge company of amazing engineers and workers selling LUXURY CARS. Not shit cars. Not world saving cars. LUXURY CARS FOR INDIVIDUAL RICH PEOPLE TO BUY.
In fact I flipped my short position to a buy @ $311 per share today when I saw people getting excited and the propaganda articles getting pumped out this morning.
It will shoot up if the market stabilizes, then I'll short it again in anticipation of factual negative news.
