Golden Goliath Resources

Golden Goliath Resources has broken a 2.5-year down trend:

Golden Goliath trades in Canada under ticker GNG and as GGTHF in the States.

We hold shares at an average of $0.035 CAD with no stop level in mind at present.

   



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Market Short Positions Update, Tesla

Updating our earlier post that we sold our remaining QID today for a gain of 25% in two months.

This leaves us with 2 positions in VXX, 3 in TZA and none in QID.

We have one position in TNA, bought today as previously posted, which we plan to flip in the very near term.

 
Our buy or sell orders are now as follows:

QID (1st position) buy at $41.30 - sold today for a gain of 25% in two months.

QID (2nd position) buy at $37.90 - sold earlier this month for a 13% gain in two days. 

VXX (3rd position) buy at $33.50 - sold Friday for a 20% gain in 4 months.  We also scored a gain of 100% on this 3rd VXX position in one month earlier this year. 

VXX (4th position) buy at $31.00 - sold ealier this month for a gain of 22% in a month.

VXX (5th position) buy at $29.50 - sold earlier this month for a gain of 17% in two weeks.

TZA (4th position) buy at $9.75 - sold earlier this month for a gain of 22% in a month.

TZA (5th position) buy at $9.40 - sold earlier this month for a gain of 47% in in two months. 


Equities overall are now moderately oversold on a short term basis while remaining massively overvalued and overbelieved in the intermediate and longer terms.

We expect markets to bounce for 1-3 weeks before the next major leg down.

Should markets continue lower on Tuesday however, we may sell one of our TZA or VXX positions.

We've no specific price limits in mind.  It'll depend on market action.

We'll do our best to post timely updates although buying and selling is always and absolutely at the sole discretion of the individual.


We'll be adding to our Tesla short position should it partcipate in the expected forthcoming general-market rally.

We wondered why the company hastily announced its quarterly earnings with very unusually short notice, for a date much earlier than normal.

Probably it's because they knew this was coming...

Wall Street Journal: Tesla Faces Deepening Criminal Probe Over Whether It Misstated Production Figures

Allegedly misstated production figures are just the tip of the iceberg, we believe.

We've been asked why we failed to comment on Tesla's apparent blow-out quarter or related conference call.  That was deliberate, not a failure.  There's no point in wasting our time or yours pretending those numbers are to be taken seriously.  We'd rather wait and see what the official 10Q filing contains ... if such a filing is ever made.

Ask yourself if the company were doing well and on track for a legitimate and unprecedented profit in the 3rd Quarter, as was claimed, why would the CAO have quit after just a month, along with so many other key executives?  Why wouldn't the 10Q have been made public along with the announcement and conference call?  Etc. etc.

If you have much common sense or market experience, deep down you know why.  If you're part of the willfully and woefully ignorant & delusional Tesla cult, please do enjoy this last gasp while it lasts.

We very happily remain short Tesla.



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Sold QID, Bought TNA

We've sold QID at $46.20 as per Friday's post, taking advantage of today's remarkable weakness.

We've bought TNA at $57.25 to speculate on a bounce lasting 1-3 weeks which we expect to begin now or tomorrow.

Detailed update later.



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GTT Stop Raised

We're up almost 125% from our entry less than three weeks ago in GT Gold Corp. which trades under ticker symbol GTT in Canada and GTGDF in the States.

We're raising our stop to $1.45 CAD now.

 



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SIR (Serengeti Resources) Update, Up 170% in Less Than 2 Weeks

This is an update on our purchase of Serengeti Resources (SIR in Canada, SGRNF in the U.S.) earlier this month.

The stock has enjoyed a remarkable rise in the short time since then, fuelled by compelling assay results.

On this chart we see that

Read more »

Sold 1/3 VXX As Planned, Repurchase Update

1 of our 3 VXX positions was sold today for a 20% gain, as planned earlier this week.

This leaves us with 2 positions in VXX, 2 in TZA and 1 in QID.


Here's an updated list of our planned repurchases:


QID (2nd position) at $37.90 - sold earlier this month for a 13% gain in two days. 

VXX (3rd position) at $33.50 - sold today for a 20% gain in 4 months.  We also scored a gain of 100% on this 3rd VXX position in one month earlier this year. 

VXX (4th position) at $31.00 - ealier this month for a gain of 22% in a month.

VXX (5th position) at $29.50 - sold earlier this month for a gain of 17% in two weeks.

TZA (5th position) at $9.75 - sold earlier this month for a gain of 22% in a month.

TZA (4th position) at $9.40 - sold earlier this month for a gain of 47% in in two months. 

We expect markets to bounce now for 1-3 weeks before

Read more »

Buying Bitcon via GBTC

We are not long-term bullish on the bitcon (as we refer to it), however there are typically major rallies during all bear markets.

A major rally may be due for the top cryptocurrency.

GBTC is the Greyscale Bitcoin Speculation Instrument.

Above $7.40 a 10-month down trend will be broken:

We'll buy GBTC if it crosses above $7.40 and will post a stop loss level if the position is opened.



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Symptoms Of A Much Bigger Problem For Tesla

Street Insider: Tesla Motors (TSLA) PT Lowered to $200 at Goldman Sachs on 3Q Preview

NBC News: Elon Musk's Twitter meltdowns are symptoms of a much bigger problem for Tesla

"Musk has benefited immensely from a myth

Read more »

1 of 4 TZA Sold +47% in 2 months

Per this recent post, 1 of 4 TZA positions was sold when it hit $12.10 today.

A gain of just over 47% in slightly under 2 months was realized, adding to these recent gains on market short positions.

This leaves us with 3 positions in VXX, 3 in TZA and 1 in QID.

1 VXX position remains for sale at

Read more »

Mom and Pop Are Buying the Dip in Stocks While Pros Stay Put

Bloomberg: Mom and Pop Are Buying the Dip in Stocks While Pros Stay Put

"The rift between Wall Street and Main Street is getting wider when it comes to stock investing.

For the third week in a row, individual investors bought stocks while institutional and hedge funds were net sellers, data on client flows compiled by Bank of America showed..."

 



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Tesla, Dyson Electric Car, Strategy Update

In a surprise announcement last night, Tesla scheduled its 3rd Quarter earnings call for tomorrow (Wednesday) after market close.

It's a gross understatement to say that such sudden and short notice is extremely unusual.  No sense speculating what shenanigans they're up to now. 

The stock is up considerably today in part because

Read more »

Tuesday Strategy

On October 11 we cautioned that "global markets remain at mania highs, so if we're going to be extreme in our positioning we definitely wish to be extremely short."

It's no surprise that the bounce so far has been very weak and suggests

Read more »

A crucial Tesla financial report is coming...

L.A. Times: A crucial Tesla financial report is coming. Let's go under the tent to see how Elon Musk can boost cash flow

“We need to become a profitable company,” Musk told analysts earlier this year. “It’s high time we became profitable. And the truth is, you're not a real company until you are, frankly.”

We are short Tesla.



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Falsus In Tesla

Bloomberg: Tesla Drops Self-Driving Option Buyers Have Been Unable to Use

Cartoon by @fairdinkumcap

Xautoworld: Transcript: Elon Musk’s Autopilot 2.0 Conference Call, October 2016

"... we will be able to demonstrate a demonstrtion drive of our full autonomy all the way from LA to New York. So basically from home in LA to let’s say dropping you off in Times Square, NY and then having the car parking itself by the end of next year (2017) without the need for a single touch including the charger."

Wikipedia: Falsus in uno, falsus in omnibus is a Latin phrase meaning "false in one thing, false in everything."  At common law, it is the legal principle that a witness who testifies falsely about one matter is not credible to testify about any matter.

This video remains on the Tesla website as of today, originally posted in 2016:

We are short Tesla.



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Damning Tesla

CNBC: Elon Musk's extreme micromanagement has wasted time and money at Tesla, insiders say

"Across the many programs, it can be easy to lose track of information about people, expenses or any particular part and its whereabouts.

Some service employees said they were surprised to learn that when they sent mechanics to help out with "bursts" to build new vehicles in the Fremont factory, their time was billed either to "training" or "research and development," rather than service or vehicle assembly. One said he was relieved that travel, per diem expenses and overtime wasn't charged to his region."

Booking operating expenses as capital expenditures was at the root of the WorldCom fraud.

Investopedia: WorldCom was not just the biggest accounting scandal in the history of the United States, but also one of the biggest bankruptcies.

Probably just a coincidence.

We are short Tesla.



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UGD (Unigold Inc.)

Unigold Inc. (UGD in Canada and UGDIF in the U.S.) has broken a very long-term down trend:

Not shown is that a nearly 2-and-a-half-year down trend at a lesser degree has also been broken as of today.

It seems a reasonable speculation to us, and we've picked up shares at an average cost of $0.17 

We'll sell if it trades bekow $0.13

PLEASE READ DISCLAIMER AT BOTTOM OF PAGE

Today's Champion

It's still early in the day however it seems we have a sure-fire winner for the day's most embarassing blow-hard CEO, and to everyone's great surprise it's not Elon Musk!

CNBC: CEO berates analysts on conference call: 'You are a disaster...they will have to commit suicide'

"You are a disaster. You are an embarrassment to your parents. With this being said, we are going to use money to reward the long-term shareholders. So, if the stock continues to go down based on these kids that play with computers and somebody else's money, we are going to buy back stock. We are going to screw this guy so badly that I don't believe that they will be able to only resign. They will have to commit suicide."



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Tesla Removes FSD Option, Slashes Prices

We recently reported on the controversy surrounding Tesla's make-believe, arguably fraudulent, FSD (full self-driving) feature.

Today FSD has been removed from the ordering options on the company's website. 

Electrek is, in our opinion, a shameless online Tesla hype rag and proxy disseminator of company-fed hype (arguably in contravention of securities laws) masquerading as an independent news site dedicated to electric vehicles in general.  Yet even they are slowly turning against the company, as are many in the cult of Teslemmings.

Electrek: Tesla removes ‘Full Self-Driving Capability’ package from its options due to ‘confusion’

CEO Elon Musk said that the ‘Full Self-Driving Capability’ package was creating too much “confusion”.

Customers were perhaps becoming confused about why they had paid long ago for something that doesn't even exist and likely never will exist.

This was almost two years ago, in response to Electrek's Tom Randall:

It's highly likely the authorities stepped in to cease this selling of vaporware.

Now we must ask if the gullible rubes who paid for this "feature" will be refunded, and if so where will Tesla get the funds to do so?


In other Tesla news today, they're now marketing a "medium range" version of their unpopular AWD Model 3 at a lower price point, as well as having slashed costs for some options in a desperate move.

Here's the deceptive, probably illegal in many jurisdictions, order page:

Why would an electric vehicle need gas?  What if someone trades-in another electric vehicle which uses no gasoline, like one of the many extremely problem-prone Teslas that take months to repair?

@Trumpery45: Scroll alllll the way up to witness the full glory.

Further, what if the car is not delivered before the massive and immoral taxpayer-funded subsidies that Musk's companies have essentially exploited to survive run out before delivery?

Most government (taxpayer-funded) "rebates" for Tesla cars expire or decrease significantly at the end of the year. 

Think of it as an intelligence test:

A burger costs you $10.

After eating a burger you no longer need a pizza, which costs $20.

Price of the burger after savings is -$10 (negative $10).

You ate well and made a profit!

True or false?

Considering the ridiculous logic-defying and arguably illegal attempts to sell these cars, in addition to Musk's profile pic as seen in the possibly dooming Twitter post above, we're reminded of this brilliant lyric:

"Y'all think when this is all over we'll just sit back an' laugh?  Well I don't think so friend 'cuz I done the math." - 16 Horsepower

We are short Tesla, 'cuz we done the math and believe that auditors, creditors, federal authorities or hopefully all three are doing the math too.



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SVE (Silver One Resources)

Silver One Resources (SVE in Canada, SLVRF in the U.S. and BRK1 in Frankfurt):

Above $0.20 it'll be at a multi-month high after breaking a two-year down trend.

Typically that's bullish action leading to greater gains, so SVE seems a good speculation with a stop level at $0.14



PLEASE READ DISCLAIMER AT BOTTOM OF PAGE

Why Tesla Skeptics Are Feeling So Good

CNN: Why Tesla skeptics are feeling so good

We are short Tesla.



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Here's what you find when you take apart a Tesla

Business Insider: Here's what you find when you take apart a Tesla

"Tesla customers have given the company's service centers choppy reviews. Demand for repairs is high..."

Indeed.

@Trumpery45: Scroll alllll the way up to witness the full glory.


A mechanic’s lien is a guarantee of payment to builders, contractors and construction firms that build or repair structures. Mechanic's liens also extend to suppliers of materials and subcontractors and cover building repairs as well. The lien ensures that the workmen are paid before anyone else in the event of liquidation.

Market Watch: Theranos executives, board members and other insiders go on the record for the first time

"Holmes’s tragic error was touting financial projections that never materialized based on technology that she never delivered."

Sounds familiar.

Fully aware that history repeats, we are short Tesla.



PLEASE READ DISCLAIMER AT BOTTOM OF PAGE

SIR, SBW, IMT; Down Trend Broken

Resource penny plays breaking down trends today:

Serengeti Resources (SIR in Canada, SGRNF in the U.S.):

It looks even better if trading to $0.17 or above per the longer-term down trend.

We have shares at an average cost of $0.155 and a stop in mind if it trades below $0.13


Strongbow Exploration Inc. (SBW in Canada, SBWFF in the U.S.):

We have shares at an average cost of $0.17 and will stop out if it trades below $0.10


International Montoro Resources (IMT in Canada, IMTFF in the U.S., 04T in Frankfurt):

We have shares at an average cost of $0.045 with no stop planned


These seem reasonable speculations to us, with the obvious, usual and appropriate caveats in mind. 

All prices above in Canadian pennies.



PLEASE READ DISCLAIMER AT BOTTOM OF PAGE 

NIO Stop Raised, Repurchasing VXX, QID, TZA

We're raising our stop on NIO to $5.80

NIO is a Chinese electric car company which started trading five weeks ago on the NYSE.

We'll repurchase these positions recently sold for big quick gains if we can get the following prices:

QID $37.90

VXX $31.00

VXX $29.50

TZA $9.75



PLEASE READ DISCLAIMER AT BOTTOM OF PAGE

Typical Tesla

Today Tesla announced a supposed future upgrade/enabling of its "self driving" feature, which doesn't exist even though many paid a huge premium for it.

Financial Times: Tesla's full self driving: compare and contrast

"Did everyone who paid $3k for the Full Self Driving package (on top of Enhanced Autopilot, at $5k) back in 2016 expect they'd have to drop the car off at the shop for an upgrade? Some might also wonder what the cost of the swap does to the gross margin on those original sales."

Alternate headline: "Customers Who Were Told They Already Had A Product Will Someday Have To Take A Day Off Work To Get The Product Installed.... If They're Lucky"

On Tesla website today:

Read more »

ANG (Angel Gold Corp.)

Angel Gold Corp. (ANG in Canada, ANGCF in the U.S.) has broken a down trend stretching back beyond the start of the year:

Read more »

CBS (Bard Ventures) Chart Updated, Stop Raised

Bard Ventures trades in Canada under ticker CBS.

We began accumulating it late last year and it's currently up over 350% from our feature price and 460% from our avaerage entry cost.

In our September 06 update we wrote that

Read more »

ARU (Auriana Resources) and ARG (Amerigo Resources)

Auriana Resources trades under ticker symbol ARU in Canada.

Chart:

Read more »

Tesla News

Business Insider: Tesla needs over $1 billion in cash over the next 6 months, and Wall Street is going nuts figuring out where it's going to come from

 "I realized Tesla was in financial trouble from day one," the VP continued. "The company has been able to convince everyone they're in growth mode ... but how much more patience is Wall Street going to have?" 

Indeed, and how long before its suppliers start demanding cash on delivery?

If they had any sense of what's coming, they'd

Read more »

EAS, East Asia Minerals

East Asia Minerals, trading in Canada under ticker EAS and as EAIAF in the States, has a somewhat compelling chart:

Read more »

GTT Stop Raised

GTT is already up 49% from our entry yesterday.

We're raising the stop to $0.95

Given the strength it's showing, if it trades back below $1.00 we'll be happy to trade out of it to avoid a big winner turning into a loser for us.


The DJIA has now rallied 300 points from the day's low, which was 25226.

Yesterday we cautioned to watch for a bounce starting around 25220.

This should prove to be only a bounce, a chance for selling and shorting not for "buying the dip"



PLEASE READ DISCLAIMER AT BOTTOM OF PAGE

Gains Booked on VXX (2 of 5), TZA (1 of 5) and QID (1 of 2)

As per yesterday's notice, we've booked considerable profits on some market short positions today.

Both of our most recent purchases of VXX and TZA were sold at the open for $33.55 and $10.55 respectively.

+17% and +22% respectively in just two weeks!

Yesterday we cautioned that "if the DJIA is down again, a bounce is likely to begin around the 25200 level."

We'll see how much of a bounce may occur, but for now the low is 25226 and in the past few minutes it's already 175 points higher.

To err on the safe side, we sold one of our two QID positions at $42.00 and one of our VXX positions at $35.40

+13% and +22% respectively in a month.

That leaves us with a position in QID, three in VXX and four TZA.

Still arguably imprudently overweight in these instruments, though now less so.

If equities do recover significantly from here however, we'll of course repurchase these positions. 

Despite this bit of selling the past two days in global markets remain at mania highs, so if we're going to be extreme in our positioning we definitely wish to be extremely short. 



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BIT (Black Isle Resources)

BIT, Black Isle Resources, trading in Canada, has been slowly accumulated and is now trading at levels not seen since early 2012.

Here's its chart:

Read more »

NASDAQ Update, QID

Recall these NASDAQ charts posted just a month ago?

It's already 500 points lower, roughly 6%.

The NASDAQ is now below its 200-day moving average, while miraculously still up so far in 2018.

We remain short the NASDAQ via two QID positions, previously diarized per the link above.

QID chart:

Read more »

CBS (Bard Ventures) Up 220%

We last posted an update on our CBS position just over a month ago.

It's gone higher since then, now up 220% from our initial posting and 300% from our actual entry.  

Here's an updated chart:

Read more »

A Wonderful Day, Selling TZA and VXX

Today was a wonderful day for those prudently positioned!

Including additional selling in after-market trading the DJIA gave up over 1000 points of its still-insane valuation today, which is nearly 4%.

That alone is enough to destroy some entire portfolios due to the extreme leverage being employed, which we've warned of repeatedly.

The DJIA is only back to where it was two months ago, and has a very long way to go before unwinding the massive margin debt, fundamental hypervaluation and bullish hubris still totally evident.

Stocks are becoming slightly oversold on a short term basis, but in the intermediate and longer term are still extremely overvalued.

Today is just a very small "blip" in the longer term.

Click to enlarge, via pop-up in a new browser tab:

Read more »

Buying GTT, GT Gold Corp.

GT Gold Corp. trades in Canada and is enjoying a big bump in its share price today, putting it above the "buy" line for us:

Read more »

Tesla Resolves Tax Dispute With Nevada After State Goes to Court

The proverbial squeaky wheel got the grease.  Other unpaid creditors should take note.

Bloomberg: Tesla Resolves Tax Dispute With Nevada After State Goes to Court

Bloomberg: Short Seller Who Foresaw Valeant Crash Now Bets on Tesla Falling

We are short Tesla, as any rational and prudent speculator should be.

 



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.

Bought NIO, Tesla Sued by State of Nevada

Tesla and its CEO Elon Musk may be failing miserably at "burning the shorts", but they seem to have been successful so far in stickin' it to the man.

The great state of Nevada has sued Tesla Motors for unpaid taxes:

Read more »

CVV 2-Year Down Trend Broken

Canalaska Uranium (CVV in Canada, CVVUF in the States) has broken a 2-year down trend:

Read more »

Another One's Gone

 "Two-fer!"

A follow-up to this post earlier today.

The executive exodus continues as we remain 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.

Adding SJB to Short Junk Bonds

We're adding a 5th junk bond short position via SJB, the buy stop for which hadn't yet triggered.

SJB, the Short Junk Bonds ETF, currently trades at $22.77

We've been accumulating SJB for two years and believe it shouldn't be much longer before patience is rewarded.

Holding such an outsized position is admittedly not totally prudent, however extreme markets arguably call for extreme positions and we will certainly stop out should junk bonds trade back above the well-established down trend shown in red:

Read more »

Another One Bites The Dust?

It looks like Tesla has lost another senior accounting officer, as the massive exodus of executives continues. 

The next graphic shows that more sheep are willfully lining up to be shorn, as the number of shareholders is increasing dramatically while the share price drops.

Read more »

Sunday Funnies

Sad, but true:

Read more »

Einhorn: "Tesla Resembles Lehman"

Bloomberg:  David Einhorn Says Tesla Resembles Lehman

"David Einhorn, a prominent critic of Tesla Inc., bashed the electric carmaker, saying its woes resemble that of Lehman Brothers Holdings Inc. before the bank failed.

“Like Lehman, we think the deception is about to catch up to TSLA,” Greenlight Capital said in a quarterly letter Friday seen by Bloomberg. “Elon Musk’s erratic behavior suggests that he sees it the same way.”

Einhorn pointed to parallels by saying “Lehman threatened short sellers, refused to raise capital (it even bought back stock), and management publicly suggested it would go private” in the months leading up to the bank’s collapse.

The money manager rose to prominence for his wager against Lehman, which he outlined in a presentation at a conference in May 2008."


How many times has there been a situation in which the CEO of a prominent company went publically nuts blaming short-sellers for their woes, while exhibiting having no clue about the basics of capital markets and how short-selling works?

And how many of those times has the company not tanked in epic fashion afterward?

Spoiler Alert!

.

.

Read more »

Tesla Below Up Trend

For the third time this month Tesla will close below a nearly 3-year up trend.

It should find some support in the range between

Read more »

Tesla: "Horrendous corporate governance"

So true:

Read more »

Good Judgement?

Market Watch: Judge wants Musk, SEC to justify settlement

The judge's question seems reasonable to us, because

Read more »

Uranium Charts

While stocks in general appear to be on the cusp of a major bear market, we believe and hope that uranium and related shares are on the verge of a "boom".

Read more »

Buying Uranium: CCJ, URA, MGA, SYH, BSK, PNP, FCU

We've been adding our uranium miners as the sector seems to be breaking out.

We'll buy

Read more »

Cash Allocation At Historic Low

Investors are all-in, as cash allocations show in the above chart.

The next chart suggests per the historical action depicted that we can reasonably expect assets under management in leveraged short funds to roughly double by the nadir of the next major bear market move.

Read more »

Feckless Tesla Board Cannot Control Its Petulant CEO

New York Times: Elon Musk’s Ultimatum to Tesla: Fight the S.E.C., or I Quit

Being short Tesla, we're thrilled that Musk is

Read more »

Unraveling a Tesla Mystery: Lots (and Lots) of Parked Cars

Excellent reporting...

Read more »

TZA, VXX, Good News and Bad

First, the good news.

Today TZA broke above a 3-month down trend and the buy stop for our most recent position:

Read more »