Covering all TSLA, Long NUGT, ACB, NBEV, UDOW
We've been triple short TSLA at an average of $355.
It's trading now at $357.
Covering all three positions for roughly break-even.
It's proven good to be short garbage the past month.
Now we fear a major market bounce, however we do not fear Tesla is a quality stock or a reputable company with trustworthy accounting, so we aspire to short it again, heavily, in due time, hopefully at a much higher price.
If we were wrong about the stock, we were wrong in not taking some profits off the table when a massive gain was available (per link above) and in not adding considerably to our short positions when it went parabolic earlier this year.
Going long at current prices:
NUGT $8.78
ACB $0.62
NBEV $1.04
UDOW $29.75
It's trading now at $357.
Covering all three positions for roughly break-even.
It's proven good to be short garbage the past month.
Now we fear a major market bounce, however we do not fear Tesla is a quality stock or a reputable company with trustworthy accounting, so we aspire to short it again, heavily, in due time, hopefully at a much higher price.
If we were wrong about the stock, we were wrong in not taking some profits off the table when a massive gain was available (per link above) and in not adding considerably to our short positions when it went parabolic earlier this year.
Going long at current prices:
NUGT $8.78
ACB $0.62
NBEV $1.04
UDOW $29.75
posted by C. Guinness @ 2:52 PM
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