Tesla: You can lie about Funding Secured and suffer no consequences

August 11, 2018

Yes, I got killed on my Tesla short play.  I assumed that when they released horrifically bad results, the stock would tank.  I assumed that repeated customer complaints about crappy car quality would cause the stock to tank. Apparently not. All it took was a tweet from Elon Musk to “confirm” that financing was confirmed […]

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A Bad Week to be Short

August 4, 2018

Well, that did not play out as expected. Last week I was blathering on about how it was a good week to be short, because Facebook’s stock crashed, and Tesla’s was going down.  I don’t short Tesla, but I bought puts, which were a great speculation two weeks ago, but a horrible disaster this week. […]

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A Good Week to be Short

July 28, 2018

I’m not a short seller.  I’m an optimist, and being a short seller implies that you are a pessimist.  It’s bad karma.  I prefer to take an optimistic approach. Also, the most you can make shorting a stock, un-leveraged, is 100%.  If you short a stock at $100 and it goes to zero, you made […]

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Still Short on Tesla

July 21, 2018

Tesla has settled in the $313 range, ahead of the quarterly earnings report due at the beginning of August.  I assume the bulls will be able to find something positive in the earnings report, given that they built a tent and built a lot of cars in the last week of the quarter. But, there […]

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The Cash Accumulation Phase Begins

July 14, 2018

We are in the dog days of summer.  The weather is hot.  Everyone is on vacation.  Nothing much is happening. As I have previously predicted, TSLA – Tesla Inc. will eventually go bankrupt, but it hasn’t happened yet.  The next quarterly earnings announcement will be around August 1, so presumably we will get more insight […]

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Like I said last week…

July 7, 2018

Last week I said to buy gold and short Tesla.  That was good advice.  You’re welcome. I bought some Tesla puts on Monday, sold them on Tuesday (at a profit), and then took another position on Friday.  It’s not a big position, but enough for fun.  I bought the $300 strike price, expiring in September. […]

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Buy Gold and Short Tesla

June 30, 2018

It’s a long weekend here in Canada, and the weather is very hot, so since you don’t want to waste your time in front of a computer screen, I’ll be brief. The panic selling in gold appears to be over (for now), so on Friday I began to accumulate a small position in NUGT – […]

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Gold and Tesla are Going to Pot

June 23, 2018

Gold The two month carnage in gold continues.  From the quadruple top resistance level of around $1,360, gold has collapsed, and the next two stops appear to be $1,240 and $1,200. This is not a pretty picture. Why is this happening? I don’t know.  Could be the USD dollar, could be better places to put […]

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The Last Pop for Pot?

June 16, 2018

Bill C-45 will eventually become the Cannabis Act.  It was passed by the House of Commons (thanks to a Liberal majority government), and last week it was passed by the Senate, but with amendments.  The Liberals don’t like some of the amendments, so they have accepted some of the proposed amendments, rejected others and sent it […]

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1 Out of 3 Ain’t Bad

June 9, 2018

Two weeks ago I made this prediction: Gold $1,400 by Canada Day. I could still be correct.  All we need is a $100 move in three weeks and I’ll be a genius, but it’s not looking like a great prediction at the moment. Obviously I’m long on gold, and as I said one month ago, […]

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