She's an interesting Twitter follow- rolled the dice with her today.. https://www.google.com/url?sa=t&source=web&rct=j&url=https://twitter.com/paulabinvest&ved=2ahUKEwjggJz3n6vtAhURna0KHcv1DjcQFjAAegQIARAB&usg=AOvVaw0NAkvem78NBps9OM06wGKQ
While this story may have merit, it bothers me that the shorts have started to do "investigative journalism" that directly benefits them. A brazen reverse pump-and-dump. Buyer beware, I guess.FJ43 said:
Hmmmm......
https://www.marketwatch.com/story/kandis-stock-tumbles-after-short-seller-hindenburg-takes-aim-at-china-based-ev-maker-2020-11-30
badharambe said:
$hexo looks like it's about to break back up towards the 1.4s
I bleed maroon said:While this story may have merit, it bothers me that the shorts have started to do "investigative journalism" that directly benefits them. A brazen reverse pump-and-dump. Buyer beware, I guess.FJ43 said:
Hmmmm......
https://www.marketwatch.com/story/kandis-stock-tumbles-after-short-seller-hindenburg-takes-aim-at-china-based-ev-maker-2020-11-30
I think this is the answer - - once many more players figure this scheme out, it dilutes the impact on the market overall. Right now, they're still relatively unique, and getting more than their share of attention (and profit). The positive reinforcement loop (promote, release, market reaction as intended, cash out gains, promote the next victim...) has strengthened their hand immeasurably. The market will correct for this over time, I am convinced. They are kind of filling a void left due to the aging of contrarians / activist investors like Boone Pickens, Carl Icahn, and others.Orlando Ayala Cant Read said:I bleed maroon said:While this story may have merit, it bothers me that the shorts have started to do "investigative journalism" that directly benefits them. A brazen reverse pump-and-dump. Buyer beware, I guess.FJ43 said:
Hmmmm......
https://www.marketwatch.com/story/kandis-stock-tumbles-after-short-seller-hindenburg-takes-aim-at-china-based-ev-maker-2020-11-30
Was actually talking to someone about this a couple of weeks ago. This is going to get a lot more common as time goes by. Hindenburg is just one, others will come along and manipulate price action down even without merit.
Not that it will get there but it may have that spike to .40. Double checked to make sure I had my GTCs set for it. With 2 more hours who knows....OutlawAG04 said:
Still running up
Ha FJ Beat me too it! Keep going!FJ43 said:Not that it will get there but it may have that spike to .40. Double checked to make sure I had my GTCs set for it. With 2 more hours who knows....OutlawAG04 said:
Still running up
Potential big news coming?tam2002 said:
Lots of insider buying on ONTX
Quote:
Tesla to Enter S&P 500 at Full Weight in December
7:01 pm ET November 30, 2020 (Dow Jones) Print
By Gunjan Banerji and Michael Wursthorn
S&P Dow Jones Indices said it will add Tesla Inc.'s full weight to the S&P 500 all at once in December, shedding more light on a mammoth addition that has captivated investors across Wall Street.
The index company said Tesla will be added to the broad stock-market gauge before the start of trading Dec. 21, meaning most index-tracking funds that follow the S&P 500 will engage in a flurry of trading the Friday before.
Tesla's market value has ballooned to about $538 billion, making it the sixth largest company in the U.S. stock market and it would have more than a 1% weighting in the S&P 500. That puts it ahead of Berkshire Hathaway Inc. but behind Facebook Inc.
More than $100 billion will be put into motion in coming weeks as passive fund managers and some actively traded mutual funds all benchmarked to the S&P 500 adjust their portfolios to make room for it, traders and fund managers say.
Weaving Tesla into the S&P 500 means shifting weightings of many other stocks to include the electric-vehicle maker. The addition also comes near the end of a year already marked by huge price swings during the coronavirus pandemic.
S&P still hasn't announced what stock Tesla will be replacing, saying it will release that decision after the market closes Dec. 11.
Jet Black said:
Hindenburg
It should be illegal.
I don't know this for sure, but I believe the options expiration date is irrelevant. The transaction date is what's meaningful for wash sales. I think the language involves reference to "substantially similar investments", which would seem like a real caution for you. Consult your tax advisor - but your broker should be able to answer this, as well.wanderer said:
I posted about this earlier today, but it got buried pretty quickly.
Have a quick question about the wash sale rule.
- If I sold my GOCO shares on 12/1/2020 at decent loss for 2020 loss harvesting reasons, then turned around and sold 1/15 puts on GOCO with the intent of getting assigned on 1/15, could I still claim the loss? It would be greater than 30 days, but I didn't know if selling the put in the meantime would violate the intent of the wash sale. Thoughts?
oldarmy1 said:
McInnis 03 said:
If only we could determine which stock TSLA is replacing.
PUTSSSSSSSSSSS
McInnis 03 said:
I bought 3150 calls when I saw it reclaim 3140. I'm holding for now.
For those of you that were trading ONTX the past few months - are you buying more now with this increased volume? Or are you just holding your net free shares to see where this goes? I'm interested in this one if it takes off but am concerned that I'm buying at the top and it will simply cycle back down.Fightin2010 said:
Sure would seem that way
If I bought more it would've been earlier in the day right when it took off, but I missed it. I have some shares, but I'll just watch it and set stops higher. Model T 50% retrace is around .65 (from the drop from $1) and the recent high in this boxed range was back in September at .43+. Maybe that helps with where to sell at, or just set stops higher (and let it rip).Red Rover said:For those of you that were trading ONTX the past few months - are you buying more now with this increased volume? Or are you just holding your net free shares to see where this goes? I'm interested in this one if it takes off but am concerned that I'm buying at the top and it will simply cycle back down.Fightin2010 said:
Sure would seem that way
No, I'm holding what I have. My guess is this is just a cycle, and we'll be back in the mid .20's again unless there's news that hasn't been broken yet.Red Rover said:For those of you that were trading ONTX the past few months - are you buying more now with this increased volume? Or are you just holding your net free shares to see where this goes? I'm interested in this one if it takes off but am concerned that I'm buying at the top and it will simply cycle back down.Fightin2010 said:
Sure would seem that way
Orlando Ayala Cant Read said:
OA : you've always had your pulse on ONTX pretty good. Got any thoughts? Is it one of its ten cents pumps then falls or any substance to this current climb up? (Ie will it pass .40 or .50 and sustain some)
Maximus_Meridius said:No, I'm holding what I have. My guess is this is just a cycle, and we'll be back in the mid .20's again unless there's news that hasn't been broken yet.Red Rover said:For those of you that were trading ONTX the past few months - are you buying more now with this increased volume? Or are you just holding your net free shares to see where this goes? I'm interested in this one if it takes off but am concerned that I'm buying at the top and it will simply cycle back down.Fightin2010 said:
Sure would seem that way
Edit: or you could look at the post below me and ignore my inexperienced butt...