Member Info for charlie229

I’ve been watching patiently - amazing rebound back to where it should be (at least!)

@CharlieF - if you’re referring to me, I had shares had had been an advocate before Moulding started this mission of greed. I have no short position, if anything I’m completely gutted a company like this with so much potential is being decimated

I can’t see where the bottom is… where do you start getting buyers interest? It’s now a distressed stock with zero prospect to recover in the short or medium. Put it in the bin

surely the nail in Matt mouldings coffin - what he’s done to the share is absolutely incredible, not sure I’ve seen anything like it

Agreed, can’t see them selling until the various deals come through to maximise value - but think it’s good news that there will be consolidation in the market at some point in the nearish future

This is interesting… maybe eying up DEV?

https://www.forbes.com/sites/anuraghunathan/2021/10/06/byjus-founder-is-on-a-buying-spree-to-keep-his-edtech-company-best-in-class/

CA normally correct on these things, think a "sprift balls up" adjusted target would be in the 45-50p range by EOY. Who knows what 2022 has in store for this - looks like it could be a real opportunity for returns

Can someone shed some light why pre-market influences this share so much? It largely has no correlation on the end result of the day.
As of writing Tesla is up 4.8%.. impressive until you realise only 40k shares have traded hands making this completely irrelevant.

Also, tesla was down 5.8% yesterday and this is up 1.46% (at time of writing)....

Ffs a Tesla guy has found us hahaha

@knownothin - it's now intraday trading - i.e. people buying and selling 3STS depending on whether they think tesla will go up of down once it closes. Sometimes you'll see disproportional movements to the Tesla price but largely it follows a similar trend

I'm in complete agreement, I'm trying to remain unemotional about it but frankly a trade like this comes up only so often - if we are on the right side of it then we will do very well. The cheaper rate would bring too much exposure and I have enough of a buffer to play the game now.
Tesla has shown a nice V-shaped recovery which is normally the sign of quite and unstable stock - perhaps I'm wrong but it looks to me that people are once again buying the "bargain" Tesla price, with it still to fall a lot more

It amazes me people are selling 3STS, the pre market over the last month tends to be better than the performance of the day - i.e. if its -2% premarket the EOD will be lower than -2%.
Think the way Monday is shaping up we are going to have another week of downward trend for Tesla.
I'd actually prefer if it went down slower as the compounding is more effective than when it's as volatile as it is now

Unpopular is what I like haha

The thing is, it’s nothing against Tesla, if it fell enough I’d happily buy their stock but it’s just so overpriced but they refuse to see it. All these Tesla YouTube channels and forums specific for Tesla genuinely brainwash them... the price is built on speculation on top of speculation

Think Monday could be a bumpy ride for us, think due to the Tesla recovery on Friday the morning will be dodgy but the share is going to slide again and we should be in the good again

Haha I was on Reddit and I get so many downvotes it’s amazing. Makes me double down on this because the Tesla cult is just so deluded - monday should be fun, the compounding now for me is getting big!

This is the most fun I’ve had in the stock market for years haha

Yep,, worked out it was due to the compounding - the rise was slower than the fall basically which means the price at $600 either side of the peak does not equate to the same value of 3STS

On the topic of compounding, I’ve not sold 3STS for 3 days straight and now I’ll 101% up in 3 days. We are eating.

100% - retail investors have been “buying the dip” basically putting off this market crash for some time. For me, I’ve put money into things like Walmart, shorts or taken it out altogether. The signs of a crash or bear market are there and Tesla is primed to fall the hardest.

QQ though, last time Tesla was the price it is now ($600) 3STS was 2.6p - although we will open well today we are likely to be well off that. Do Granite ever “reset” the prices of the shares?

That’s awesome, thanks Chuma

Would love deeper detail but I imagine the institutions are driving the sell off today, can’t imagine many will stick around as many bought in early. Take your gains in a crash etc

I see the main things propping up Tesla being retail investors and ETFs - there are 260+ ETFs with Tesla in.

Does anyone know what proportion of these would sell out the tesla position and at what points? I.e. ARK won't sell automatically because Cathie Woods is long tesla, but some ETFs like VUG would sell proportions of their positions as the price declines.

Retail investors will be the bag holders for sure, but the decline will be initiated by reduction of positions by investment houses and ETFs.

The Tesla slide is happening, as the stock market destabilises this is gonna fall haaaaard

Hopefully it will be reflected in the 3STS price

Saw this - wtf! Thats some serious confidence

What I don't get about 3STS is that the price is now lower than when I bought in but when I bought in the Tesla price was $750, now $700