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Only 6 days ago I opened a massive short position on this company, wish I shorted even more. Reference: https://news.ycombinator.com/item?id=24473631 https://n

by xwdv 6y ago

Only 6 days ago I opened a massive short position on this company, wish I shorted even more. Reference: https://news.ycombinator.com/item?id=24473631 https://news.ycombinator.com/item?id=24473631

martythemaniak 6y ago
Nice. I still can't believe there's anyone that thinks there's anything serious behind this company. People want a crazy volatile play stock, goes up fun, goes down fun, etc. I get it, fun game. But actual products etc? Who believes that?
KorfmannArno 6y ago
Might I ask how (as in which platform/bank/etc) you shorted NKLA stock? I tried shorting it on alpaca.markets, although on a paper trading account, with no luck: "asset NKLA cannot be sold short". related: https://forum.alpaca.markets/t/asset-cannot-be-sold-short/1023/4 https://forum.alpaca.markets/t/asset-cannot-be-sold-short/10...
- bluedevil2k 6y ago
  If you're serious about getting in, I'd recommend you NOT to short this stock and instead buy some Puts (options) on it. Short selling leaves you totally exposed if this stock pops up, Kodak or Hertz style. This is the 2nd favorite stock over on /r/wallstreetbets so you can never be sure where the stock price is headed.
  - anonfounder152 6y ago
    While what you said is true, puts are offered by market makers who have the expected price action priced in and so they have huge premiums right now to the point where it's just a -EV gamble. While shorting will still be able to sell to irrational investors. Puts also have a risk that if there is a trading halt, and your puts expire within them, they will expire worthless if you cannot short the stock to exercise them.
bonestamp2 6y ago
I wish you a great fortune, but one thing that scares me (for you) is that the stock is up a lot in regular trading hours after this news! I have an open mind and I did well on Tesla stock, but I can't make any sense of this stock, especially today.

by xwdv 6y ago

Only 6 days ago I opened a massive short position on this company, wish I shorted even more. Reference: https://news.ycombinator.com/item?id=24473631 https://news.ycombinator.com/item?id=24473631

martythemaniak 6y ago

Nice. I still can't believe there's anyone that thinks there's anything serious behind this company. People want a crazy volatile play stock, goes up fun, goes down fun, etc. I get it, fun game. But actual products etc? Who believes that?

KorfmannArno 6y ago

Might I ask how (as in which platform/bank/etc) you shorted NKLA stock? I tried shorting it on alpaca.markets, although on a paper trading account, with no luck: "asset NKLA cannot be sold short". related: https://forum.alpaca.markets/t/asset-cannot-be-sold-short/1023/4 https://forum.alpaca.markets/t/asset-cannot-be-sold-short/10...

bluedevil2k 6y ago
If you're serious about getting in, I'd recommend you NOT to short this stock and instead buy some Puts (options) on it. Short selling leaves you totally exposed if this stock pops up, Kodak or Hertz style. This is the 2nd favorite stock over on /r/wallstreetbets so you can never be sure where the stock price is headed.
- anonfounder152 6y ago
  While what you said is true, puts are offered by market makers who have the expected price action priced in and so they have huge premiums right now to the point where it's just a -EV gamble. While shorting will still be able to sell to irrational investors. Puts also have a risk that if there is a trading halt, and your puts expire within them, they will expire worthless if you cannot short the stock to exercise them.

bonestamp2 6y ago

I wish you a great fortune, but one thing that scares me (for you) is that the stock is up a lot in regular trading hours after this news! I have an open mind and I did well on Tesla stock, but I can't make any sense of this stock, especially today.