AmplitudeTrader t1_j6maa6o wrote on January 31, 2023 at 9:39 AM

I think a lot of the price action on Tesla yesterday was due to short sellers.

stockrot t1_j6mkudt wrote on January 31, 2023 at 11:59 AM

Profit takers too helped the price action . That was a huge run from 115 to 175ish in a matter of a couple of weeks . I wouldn't touch shorting TSLA here with a 10 foot pole. Chanos has been in the position for years and suffered a lot a pain on the way up to $400 .I give him credit he hung with it . Nobody talks about the wild card gif . All the Musk haters too busy bashing him . What happens ????? Musk wakes up tomorrow and announces he is Taking Twitter public?? That's his plan you know . TSLA goes directly to $300 . As far as Chanos is concerned YES HE IS SHORT ,but he is a smart guy . He most probably exited his position at 110/120 . Then watched the run up and figured that was too far too fast and re entered. I agree the big move up was too quick and there will be Retracement.

AmplitudeTrader t1_j6ms75w wrote on January 31, 2023 at 1:12 PM

If it does crappy this morning might throw another 8k in.

kimkoh OP t1_j6n6uln wrote on January 31, 2023 at 3:04 PM

What I don’t like is he took short positions and then come out to influence as he has followers. So he’s not different from Mask.

stockrot t1_j6ngbc4 wrote on January 31, 2023 at 4:05 PM

OP Don't worry about him gif CHANOS track record sucks. He has lost more money than he has ever made . TSLA has tortured him and drained money from him for years .He has a big reputation as a BIG short seller .What they don't tell you he hasn't beat the S&P500 or even come close for more than a decade . He should get a big L tattoo on his forehead :) Looks like TSLA is going to take him to the cleaners again!! LOL

https://www.institutionalinvestor.com/article/b1rb09jvppdv1d/Assets-Have-Tanked-at-Two-of-the-World-s-Biggest-Short-Sellers