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> Musk buys at $39 pumps all month to $54. He can either sell and easily make billions profit or take over the entire company at what can only be described as a
by koolba 5y ago
> Musk buys at $39 pumps all month to $54. He can either sell and easily make billions profit or take over the entire company at what can only be described as a discount compared to potential.
He can’t sell his whole stake for a profit. There’s nowhere near enough liquidity. The moment he tries to sell billions of dollars of stock it’d tank.
- quxbar 5y agoHow would the price tank if he holds all the shares?
- aliswe 5y agobecause the price itself only indicaes that there is someone wantin to buy shares at that price - it doesnt indicate the number of shares that would go would he accept that price.
- asdfaoeu 5y agoIsn't the premise that he's selling them?
- mlindner 5y agoThe post you're responding to is talking about Tesla shares, not Twitter shares.
- qsi 5y agoHe'll have to do it the same way he bought his current stake: slowly, over weeks and months, a little bit every day. A totally standard thing to ask your investment bank to do.
- HWR_14 5y agoHe bought 4.6% of Twitter in the two weeks he went from 5% to 9.6% when he filed. That's not super slow.
- qsi 5y agoHe owns about 70 million shares. Before he announced his stake, the stock had a daily trading volume of about 20 million. I agree it's not super slow, but also not super fast. Probably a reasonable speed given the volume.
- H8crilA 5y agoHe can't sell after a move like this, it would be illegal. He's announcing his plans to not just hold but also to control the company, specifically to unlock value - means making some top level choices that makes Twitter stock move valuable. Had he dumped immediately after purchase he'd be prosecuted for market manipulation (realities of liquidity notwithstanding).
- Ekaros 5y agoWouldn't be first time of him doing some blatantly against rules... Remember the tweets of taking Tesla private...
- endisneigh 5y agoMusk is not obligated to hold his shares indefinitely. Yes he can’t sell, say, tomorrow. But he can sell in the future.
- H8crilA 5y agoYes, the exact timing is up to the circumstances. But selling a significant amount within the next month would almost certainly be considered an obvious manipulation attempt
- FartyMcFarter 5y agoWhen has this stopped him? He already violated securities laws several times and merely got slapped in the wrist for it.
- deleted 5y ago[deleted]
- jcadam 5y ago> The moment he tries to sell billions of dollars of stock it’d tank. Hence the implied threat of doing so if they don't agree to his terms.