Tesla Short Shorts now available for purchase. Price is $69.420

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Spacehead

Lifer
Jun 2, 2002
13,067
9,858
136
You get iot connection to drop your shorts remotely.
Ripple20 might give everyone a chance to drop his shorts remotely :eek:


Exact price means everything in this case. You don't understand the significance of the exact price or else you wouldn't have said $70. This short shorts wouldn't have sold out at $70. It wouldn't have sold out at $0.01. I sure wouldn't have bought a pair if it was any other price than $69.420. This is the most important pair of shorts in history at $69.420. This is the most worthless pair of shorts in history at $70. Tesla stock is ramping up again and is up another $73 this morning in the premarket after the stock was already up more than $250 last week. And this is just the start. And it's all because of this short shorts and $69.420 price. Wall Street understands the significance of this short shorts and $69.420. I can guarantee Jim Chanos and David Einhorn and the likes fully understand the significance of this $69.420 and short shorts and are shitting in their shorts right now. S&P 500 committee understand the significance of this $69.420 short shorts as they're looking at which company to kick out of the S&P 500 index so they can add Tesla.
I picture you saying this while jumping on a couch Tom Cruise style :p
 

Scarpozzi

Lifer
Jun 13, 2000
26,392
1,780
126
I don't know why, but I think Tesla short shorts should come with a built-in speaker that plays a song.

 

ultimatebob

Lifer
Jul 1, 2001
25,134
2,450
126
Can someone (besides Ponyo) explain to me how TSLA is worth $1,371 a share right now? Even if they somehow execute perfectly over the next 2 years, that stock price is still an insane multiple of future earnings.

I mean, I don't really mind now that I'm along for the ride, I seriously do not get it.
 

[DHT]Osiris

Lifer
Dec 15, 2015
17,564
16,922
146
Can someone (besides Ponyo) explain to me how TSLA is worth $1,371 a share right now? Even if they somehow execute perfectly over the next 2 years, that stock price is still an insane multiple of future earnings.

I mean, I don't really mind now that I'm along for the ride, I seriously do not get it.
Stocks (and the stock market as a whole) are as divorced from reality as Bitcoin is.

Citation: Bitcoins are worth $9281 as of this posting.
 
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ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
OK, I'm out. I decided to cash out of my TSLA trading position. After thinking it over the weekend, it's too much money not to cash out. I now have Fuck You money thanks to TSLA. I was waiting for TSLA to hit $2,000 price so I could have even more Fuck You money but I'm too scared. I'll continue to hold the shares in my retirement accounts so I'm not completely out of TSLA. I'll play TSLA again in my trading account for the S&P500 inclusion next month.

To all the Tesla haters and people here who called me Tesla shill, FUCK YOU! I have FUCK YOU money now thanks to TSLA so I can tell you to suck my D*CK. TSLA is still going to $1 trillion+ in the next 10 years.

To anyone here who listened to me over the past 2 years and bought TSLA, congrats! Hope you can have FU money and retire as well!
 

brianmanahan

Lifer
Sep 2, 2006
24,690
6,050
136
holy crap TSLA's up %13 today? that is nuts.

if ponyo's cashing out then this has gotta be the top, calling it right here.

(now watch it go to 3000$
BLOW5do.png
)
 

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
holy crap TSLA's up %13 today? that is nuts.

if ponyo's cashing out then this has gotta be the top, calling it right here.

(now watch it go to 3000$
BLOW5do.png
)
No, this is not the top. Short-term top will happen afterhours at the end of the trading day next month when TSLA is added to the S&P 500. I'm cashing out of TSLA in my trading account because I have enough money to retire in my 40s.

Long term, TSLA is headed to $5,000-$10,000 share in the next 10 years.
 

TXHokie

Platinum Member
Nov 16, 1999
2,558
176
106
No FU money for me since I didn't have the balls to go all in but wow, this TSLA/Covid run bumped my retirement plan 2 yrs earlier now - better than nothing.
 

ultimatebob

Lifer
Jul 1, 2001
25,134
2,450
126
No, this is not the top. Short-term top will happen afterhours at the end of the trading day next month when TSLA is added to the S&P 500. I'm cashing out of TSLA in my trading account because I have enough money to retire in my 40s.

Long term, TSLA is headed to $5,000-$10,000 share in the next 10 years.

I'm not so sure. Tesla is quickly working it's way up to the top 10 companies in terms of market cap. Once you get that big, the federal regulators usually step in and break up the party with antitrust regulations.

Personally, I think that the insane price growth slows down once they hit $2,000. The real question is if the next major price correction happens before or after that.
 

Paratus

Lifer
Jun 4, 2004
17,764
16,118
146
If TSLA shares hit $2,000 or more next month due to TSLA finally joining the S&P 500 and causing Volkswagen like short squeeze of 2008, I'll not only wear the short shorts and take pictures, I'll rent out a place and invite all of you for a huge ATOT party. I'll even hire bunch of hookers so some of you can finally get laid. But you have to bring your own blow.
Well they hit $2000 today.
Well @ponyo hope you’ve reserved a place and got yourself a photographer.
BLOW5do.png
 
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ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
Well @ponyo hope you’ve reserved a place and got yourself a photographer.
BLOW5do.png
haha. Luckily, the Tesla short shorts has been delayed until the Fall. :D
And I'm up to my eyeballs in Tesla stock and calls at the moment. Until I lock in the crazy gains, it's only paper atm and subject to market fluctuations.

GEtm1nUh.jpg
 

ultimatebob

Lifer
Jul 1, 2001
25,134
2,450
126
This stock is overdue for a correction, no? I wouldn't be increasing my holdings at this point.

You know the saying:

Bulls make Money
Bears lose Money
But Hogs get slaughtered
 

CU

Platinum Member
Aug 14, 2000
2,419
53
91
This stock is overdue for a correction, no? I wouldn't be increasing my holdings at this point.

You know the saying:

Bulls make Money
Bears lose Money
But Hogs get slaughtered


No clue. But, I got in when it IPO'ed for around $17ish. And, I have heard it they will fail, the stock will go down, etc. forever. Even if it was cut in half I will not complain. I would just look at what it cost me to buy the stock and what I could sale it for. Just wish I would invested more back then. Wouldn't be working anymore.
 
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[DHT]Osiris

Lifer
Dec 15, 2015
17,564
16,922
146
This stock is overdue for a correction, no? I wouldn't be increasing my holdings at this point.

You know the saying:

Bulls make Money
Bears lose Money
But Hogs get slaughtered
Shrug, stocks are completely divorced from reality at this point, it'll probably hit 2500 before the split, then go up to at least 1k again.

If it's in any way, shape, or form, connected to reality... then it's connected to people's desire for Musk to succeed in all his endeavors, basically a stock for 'Tesla, SpaceX, Solar City, Boring company, and living on Mars' all at once.
 

ultimatebob

Lifer
Jul 1, 2001
25,134
2,450
126
Shrug, stocks are completely divorced from reality at this point, it'll probably hit 2500 before the split, then go up to at least 1k again.

If it's in any way, shape, or form, connected to reality... then it's connected to people's desire for Musk to succeed in all his endeavors, basically a stock for 'Tesla, SpaceX, Solar City, Boring company, and living on Mars' all at once.

The TSLA stock chart is starting to look like the Bitcoin price chart from 2017. I think that we all know how that turned out :)
 

[DHT]Osiris

Lifer
Dec 15, 2015
17,564
16,922
146
The TSLA stock chart is starting to look like the Bitcoin price chart from 2017. I think that we all know how that turned out :)
Yep, a few people made a shitload of money, then it stabilized what, 500-1000% over the price everyone thought it was going to? (see 'bitcoin is heading toward $1,500' thread)
 

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
This stock is overdue for a correction, no? I wouldn't be increasing my holdings at this point.

You know the saying:

Bulls make Money
Bears lose Money
But Hogs get slaughtered
Thanks for your concern Care Bear! I bought more call. Scared money don't make money.
 

Red Squirrel

No Lifer
May 24, 2003
71,272
14,067
126
www.anyf.ca
Hard to tell where the stock could go at this point. I remember when Bitcoin hit in the thousands and I figured it would crash any time and it went to like what, 60k or something crazy like that? I think it's bound to crash at one point or the other, or at very least plateau, but it's hard to predict when that will actually be.

Not like I can afford the stock anyway, otherwise I would have bought around the time Elon tweeted that it's valued too high and I'd probably be selling some around now.
 

ultimatebob

Lifer
Jul 1, 2001
25,134
2,450
126
Hard to tell where the stock could go at this point. I remember when Bitcoin hit in the thousands and I figured it would crash any time and it went to like what, 60k or something crazy like that? I think it's bound to crash at one point or the other, or at very least plateau, but it's hard to predict when that will actually be.

Not like I can afford the stock anyway, otherwise I would have bought around the time Elon tweeted that it's valued too high and I'd probably be selling some around now.

It went to about $20K, and then tanked HARD to around $3K. It's crawled back to around 11K now.

Personally, I would have rather sold some at $20K than be caught holding the bag when the price dropped over 75%.