More Tesla Fun

The Tesla saga gets worse by the hour.

Jalopnik: Elon Musk's Twitter Habit Lands Tesla in Hot Water With U.S. Labor Agency

"The NLRB already has an ongoing case against Tesla involving a series of alleged labor violations at the Fremont factory."

Electrek: Tesla’s fleet internet network is down

"...when owners couldn't get an internet connection, which enables features like remote data, music streaming, traffic data for navigation, and also works with Autopilot.

[...]

The internet connection and access to the Tesla app is also more important for Model 3 owners who often use it as their main way to unlock and start their car."

Key features of these cars rely on a wireless internet connection, including the so-called Autopilot.

What [else] could possibly go wrong?

Despite being avid sports car enthusiasts, we'd give up driving entirely if it's ever necessary to use a cell phone, app, or touch screen in order to do so.

Also, we are short Tesla.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Tesla: "A Horrifyingly Inadequate Level of Service"

Is anyone out there daft or uninformed enough to buy one of these cars, new or used?

Perhaps this increasingly common story will cause them to reconsider: "A word of warning for potential Tesla owners".

"This is a horrifyingly inadequate level of customer service..."

By now staggering quality, safety and service issues at Tesla are so well known that it's fodder for mainstream comedy.

The Onion: Elon Musk Unveils New Clean Energy Luxury Car Pulled By 8 Tesla Employees

The Onion: New Tesla Model 3 Goes From Zero To Engulfed In Flames In 3.5 Seconds

However one need look no further than the company itself, particularly its CEO, for endless comedy.

Aug. 24: Musk claims he's dropping "distracting" take-private bid: "We absolutely must stay focused on ramping Model 3 and becoming profitable".

Aug. 28: Musk re-ups baseless slur of rescue volunteer who made fun of his submarine, stating that if the "pedo" accusation weren't true the man would've sued him.

If fact, Musk was notified of a pending lawsuit by the man's lawyer three weeks ago.

Buzzfeed News: The Rescuer Elon Musk Called A "Pedo" Is Preparing A Libel Claim

L.A. Times: More 'pedo' tweets from Elon Musk – and a rescue diver's lawyer says a libel suit is on the way

FOX Business: Ex-Tesla employee alleges company turned blind eye to drug trafficking in SEC tip

We are short Tesla.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

UCHF (Swiss franc), Gold

We recently reiterated our bullish stance on the Swiss franc via UCHF.

It has since jumped to close at a 4-month high.

Commitment of traders data remains very imbalanced, suggesting it has much higher to go.

We haven't changed our bullish stance on gold and silver, however the amount of bullish calls online and flooding our inbox gives us pause.

There was similar sentiment a few months ago, so it shouldn't surprise if the current rally fizzles and one or both of gold and silver makes a new low before a longer-term rally ensues... if such a rally ocurs at all.

As global equities seem on the precipice of a protracted slump we must keep in mind that precious metals performed very poorly when stock markets tanked 10 years ago. 



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Adding VXX, TZA, QID and TSLA News

Internal measures between various indexes continue to diverge, which is very bearish and while such diversions do not always mark a major market top these are always evident at major market tops.

Technical measures also continue to deteriorate.

Per a post made late June titled "Adding VXX, Mocking TSLA" we finished restoring our previous full complement of levered market short positions (3 in VXX and 3 in TZA), several of which we'd sold for massive gains earlier this year.

See here and here.

We're now adding a 4th position in VXX as well as in TZA and seeking to open an effective NASDAQ short position via QID.  

We'll buy VXX when it trades at $29.00 or above.

VXX looks especially good right now, as it has not made new lows in the past two weeks while stocks have shot much higher.  In fact, it closed slightly higher today.

If there’s an “undervalued investment” out there, it’s arguably short-term future volatility via VXX.

We'll buy TZA when it trades at $8.20 or above. 

We'll buy QID when it trades at $37.10 or above.

We'll be grossly overweight in these positions, however have no stops in mind for these, or prior, effective market short positions.

Admittedly that's imprudent and definitely not what most, or perhaps anyone else, should do, however for us extreme situations preclude extreme measures and we believe with sincere conviction that stock markets are at historic extremes that will soon enough be reversed in equally extreme fashion.


Why do we keep harping on Tesla?  

Actually we barely scratch the surface here on the ongoing circus at Tesla, and as we've stated previously we believe the stock will suffer an epic collapse and the cult-like hero-worship of its celebrity CEO will suffer similarly.

Movies will be made and books will be written because, as we've also stated previously, we believe the stock will come to be known synonymously with the market plunge that will also occur in tandem with (though not because of) its eventual failure.

What can be learned from this is that epic amounts of cognitive dissonance and willful suspension of common sense and value metrics are always present as long as prices remain aloft.  This is very true currently of stocks in general.  

For market bulls and Tesla longs, "these are the good ol' days".

Reuter's: Musk's U-turn on Tesla deal could intensify his legal, regulatory woes

Contrarian Edge: Questions I'd be Asking If I Owned Tesla Stock

We are short Tesla.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Tesla; "It's a s--t show"

We have a front-runner for most apropos headline of the year, courtesy of the New York Times: Tesla insiders say ‘it’s a s–t show’

"“Elon talks about being a socialist and doing good for mankind — unless you work for them,” says one source. “It’s a s–t show.”"

In other Tesla news, the company issued a press release Friday at nearly midnight announcing that it will remain a public company.

Since the idea of going private was fantasy at best, and arguably transparently fraudulent, this isn't really news to anyone with any sense, however it's telling that the company made this determination on Thursday yet waited until late-night Friday to release it to the public.

One hopes that the SEC is closely examining insider and related-party trading as part of its investigation(s).

In more uplifting and related news, here's what a real genius, real inventor and real billionaire is up to, courtesy of GQ UK: Inside James Dyson's all-or-nothing quest for an electric car

"For decades, James Dyson made his billions reinventing housework. Now 71, he’s targeting a new legacy - one that’s pitting him against Silicon Valley’s most enigmatic futurist, Elon Musk. But is Britain’s vacuum visionary risking his fortune? And just how far will he go to clean up in the cash-haemorrhaging world of electric cars?"

Perhaps Dyson, if not sane stock valuation, the SEC, the bond market, mounting massive lawsuits, egregious safety violations, insider whistle-blowers, an unhinged egomaniacal CEO, rampant manufacturing defects, or a toxic corporate culture, will sweep the garbage called Tesla off the market map.

We are short Tesla.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Booked Gains on UUP, DEUR, EUO, DRR. Tesla News

Per the stops announced in this post on August 10, we have closed the following positions:

UUP for a gain of 6.5%

DEUR +35%

EUO +16%

DRR +15%

Here's an update on the chart we posted in early April, when we announced being very bullish the U.S. dollar and entering these positions:

Some recent Tesla news:

Wall St. Journal:  Tesla Suppliers Fret About Getting Paid 

Business Insider:  Internal documents reveal grueling way Tesla hit its Model 3 target

"Of the 5,000 Model 3s that contributed to Tesla's end-of-June manufacturing target, about 4,300 required rework, according to internal documents ..."

We are short Tesla.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

UCHF (Swiss franc), and Tesla.

We really like the Swiss franc, per this post in May.

Here's the chart we offered at the time:

The Commitment of Traders imbalance has only become greater since then.


Astounding NY Times interview: Elon Musk Confronts a Fateful Tweet and an ‘Excruciating’ Year

Sounds like Musk is setting himself up as a pitiful victim, and blaming short sellers, while the Board looks for a new #2.

Should there be a new 2nd-in-command, it would not surprise if Musk then went on some form of "leave" - probably forced by the Board - which quietly turns into a full departure over time.

If so it'll be very interesting how many more very painful truths come to light, operationally, financially, and legally, and whether the company even survives.

A foreign publication recently reported these average profits per vehicle:

We are short Tesla.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Buying JNUG and NUGT Yet Again, Tesla Drug Trafficking?

Keeping in mind that markets are due to drop long and hard, and that metals could do so in tandem as happened in 2007-2008, we will add further to our JNUG and NUGT positions.

We'll add JNUG if it trades at $8.45 or higher.  

We'll add NUGT if it trades at $14.40 or higher.

If these continue to plummet in coming days we'll revise the buy level lower each day to slightly above the previous day's high.

For now we're feeling like this man below, Tesla CEO Enron Musk (sic), about our gold and silver-related positions, however extreme drops that look like capitulation along with multi-decade lows in sentiment usually precede magnificent rallies. 

"Several Tesla Gigafactory Workers Allegedly Trafficking 'Significant Quantities' of Cartel Drugs, says Ex-Employee"

"A former Tesla employee has filed a formal whistleblower complaint with the Securities and Exchange Commission, alleging the automaker failed to disclose to shareholders that authorities had uncovered an alleged drug trafficking ring involving employees at its Gigafactory plant in Nevada. 

...

One of Hansen’s most startling claims is that Tesla failed to reveal information sent by the U.S. Drug Enforcement Administration, regarding evidence of “substantial drug trafficking” by Tesla employees at the Gigafactory.

...

Hansen also alleges that he discovered that $37 million of copper and raw materials had been stolen from Tesla’s Gigafactory between January and June. But he claims that he was “instructed not to report the thefts to outside law enforcement” and “that he was directed to cease his internal investigation into the issue,” according to the summary of his claims." 

We are short Telsa.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

One More, Tesla

Doing our small part to get the word out about these allegedly dangerous & shameful practices.

Business Insider: "A former Tesla engineer says the company silenced her entire team after they brought up safety and quality issues"

Yes, we are very happily short the stock.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

"If there were ever a moment to harvest gains, it is August 2018"

Opinion: "If there were ever a moment to harvest gains and reduce risk, it is August 2018."

We agree.

Article:  Skyrocketing growth in benefits behind most pension crises

"Crises" should arguably read "crimes", however neither taxpayers nor those who will eventually find that their expected benefits do not exist can credibly plead ignorance at this point.

News: SEC subpoenas Tesla over Musk's tweets

No surprise.  A soft start and long overdue.

Germany : Tesla killers are arriving from Jaguar, Porsche, Audi and more 

The bell tolls for thee, Tesla.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Household Debt At New All-Time High, and Tesla

Horrifying charts: Household Debt At New All-Time High (link to .pdf file).

We've tried in recent weeks to bring attention to what we believe will come to be known as one of market history's greatest frauds and collapses, as well as a stock that will become synonymous with a bear market that is already underway and should continue for years to come.

Of course we mean Tesla.

It's become impossible to keep up with the celebrity CEO's erratic behavior and pronouncements, much less the tsunami of reports of customer dissatisfaction and major quality issues with the vehicles and the epic delays in getting parts or repairs when customers are actually able to contact anyone who might seem to care at the service centers, stores or head offices.

If you keep up-to-the-minute with markets you already have some idea, and if not then we couldn't even suggest where to start.  Rap stars, allegations of drug abuse, pop starlets, out-of-the-blue assertions by CEO Musk of the biggest leveraged buyout in history having "funding secured" arguably in flagrant violation of serious securities laws, all while no one else on the planet seems to know a thing about said "secured funding", SEC investigations, Saudi Wealth Fund, the Board of Directors leaking info to the press and securing lawyers while seemingly distancing themselves from the CEO, and it goes on and on and on and on.

Not a few hours goes by without a fascinating twist or a new apaprent lie, all while longs and shorts alike wait for clarity and a major move one way or the other.

Recall the time when Musk publically called a hero who risked his life to save trapped children a "pedo"?  That was just a few weeks ago and made international headlines, yet now seems like a quaint distant memory.

We're short the stock, increasingly so, and very happy to be.  In our estimation it's a garbage company making garbage products run by a sociopath and his sycophants who in due time will be ridiculed and reviled in the same paragraphs as people speak of those who ran companies such as Enron into the ground.   

We'll add at least this fascinating article to the list however: Elon Musk, Tesla, and the Solar Roof Tile Fraud

 



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

CBS (Bard Ventures) Up 90%

In December we brought the compelling technical setup in CBS, Bard Ventures, to your attention.

It's gone up as much as 90% as of today.

In late July, the company issued this statement: 

"Further to its news release dated July 11, 2018, Bard Ventures Ltd. has closed a non-brokered private placement for four million units of the company at a price of five cents per unit for gross proceeds of $200,000.  Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the company at a price of eight cents for a period of two years from the closing date of the offering. The securities issued pursuant to the offering are subject to a four-month hold period from the closing date."

Note the last line, expecting a flood of shares on the market if the stock is still above $0.08 in, or after, late November.

We still hold our shares, hoping the recent volume and price appreciation becomes support for a much higher run.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Buying JNUG and NUGT Again

We're adding a 3rd position in JNUG and opening a first in NUGT.

JNUG is currently at $9.81 while NUGT is at $17.15

Today's action in gold and silver looks like capitulation to us.

Ref: "Adding JNUG and USLV" posted August 02.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Raising Stops on DRR, UUP, DEUR, EUO

Last week we announced setting stops on DRR, UUP, DEUR, and EUO.

To protect further gains on the U.S. dollar-related positions mentioned in early April, we're raising those stops.

UUP is up 8% since that post.  We'll set the revised sell stop at $25.15

DEUR is up 38%.  We'll set the revised sell stop at $28.60

EUO is up 17%.  We'll set the revised sell stop at $23.70

DRR is up 20% since our entry in early March.  We'll set the revised sell stop at $54.80



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Prepare for the biggest stock-market selloff in months, Morgan Stanley warns

MarketWatch article links:

 

‘We think the selling has just begun,’ analysts say.

This ‘prophet of doom’ predicts stock market will plunge more than 50% 



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

When, Not If; TZA, SJB, JNUG, USLV

It's only a matter of "when?", and it should be much sooner than later.

Excellent, timely articles:

It’s More Than Just FANG Stocks Investors Should Be Worried About

Stock Market Manias of the Past vs the Echo Bubble 

SJB and TZA remain excellent buys, as per this post from late June, as do gold, silver and related ETF's.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Setting Stops on DRR, UUP, DEUR, EUO

To protect gains on the U.S. dollar-related positions mentioned in early April, we're setting stops.

UUP is up 6% since that post.  We'll set a sell stop at $24.80

DEUR is up 27%.  We'll set a sell stop at $25.70

EUO is up 14%.  We'll set a sell stop at $22.80

DRR is up 15% since our entry in early March.  We'll set a sell stop at $52.70



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.