whatok

39 ms·

361.
by whatok 8y ago
This might help: https://www.investopedia.com/articles/active-trading/091813/... The problem with stops is that you run the risk of the price gapping up or down and your stop getting filled at a much differen
362.
by whatok 8y ago
Max loss being 10% is absolutely not accurate at all in that scenario. Taking the company private would still be up to a shareholder vote and shareholders could determine that the price offered was not sufficient. In that case, there are
363.
by whatok 8y ago
Tesla has various options for raising cash including selling stock or bonds. In the case of stock, a secondary offering would come at a price relative to the current stock price. In the case of bonds, bonds are in almost all cases higher
364.
by whatok 8y ago
In addition to what other replies have said, Elon also has pledged some of his stock in order to secure personal loans. He will have to fund margin calls or sell his stock if the stock falls below a certain price.
365.
by whatok 8y ago
Did you read the statement he put out? He basically said everything was a lie.
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Tesla Faces U.S. Criminal Probe Over Musk Statements(bloomberg.com)
339 points by whatok 8y ago|378 comments
367.
by whatok 8y ago
There's nothing to say that people were offered full-time work and opted for part-time instead. Regardless of employee preference, it's still not apples to apples if trying to make a comparison to income qualifying for government
368.
by whatok 8y ago
How is it ludicrous? They are counting part-time workers among the "benefits" total which is disingenuous and not apples to apples at all.
369.
by whatok 8y ago
Should Bezos pay part-time workers full-time wages so they don't have to use government programs?
370.
by whatok 8y ago
That doesn't explain non-equity strategies sucking too.
371.
by whatok 8y ago
Yes, agreed but am wary of comparing any proper hedge fund's returns over a short time frame vs the market. They are supposed to be absolute return vehicles. By nature of (supposed) uncorrelated returns, a lot of funds are not going
372.
by whatok 8y ago
No one goes into this business to breakeven. I'm very doubtful that a majority of these smaller funds survive very long but really no great way of knowing. Macro funds until this year have just been sucking. Let's say you'r
373.
by whatok 8y ago
Low vol and rate environment is the primary cause which kinda drives your first two points. Investors aren't allocating as much to alts and what they are is shifting more to PE. PE did well over the last crisis because of long lockup
374.
by whatok 8y ago
Talking about "colo'd execution" makes me think you are thinking of a particular strategy which the costs make sense for but not the rest of the majority.
375.
by whatok 8y ago
Different investors have different investment priorities.
376.
by whatok 8y ago
Institutional investors are not going to allocate capital to a team of one. You can outsource a decent amount of back office functions but you are still going to need to manage some things in house.
377.
by whatok 8y ago
Yeah, none of the MIFID compliance stuff is easy and it's to the point where you don't want European investors if you're an American entity.
378.
by whatok 8y ago
If I were to hear interest rate mentioned in relation to a bond, I would assume they were talking about the coupon which in this case is fixed. I think you have the right understanding, various yield methods basically are just the IRR of t
379.
by whatok 8y ago
I work at a hedge fund specializing in corporate credit. No serious market participants think that Tesla is going actually bankrupt but does run the risk of debt restructuring. Bankruptcy vs debt restructuring would happen under very diff
380.
by whatok 8y ago
There's a difference between overvalued and bankrupt.
381.
by whatok 8y ago
Semi-related but all I remember the founder for is pitching TSLA converts at Ira Sohn and just thinking, "I don't think people go to this to hear TSLA pitches..."
382.
by whatok 8y ago
Can't complain about any of that if you're a public company.
383.
by whatok 8y ago
This is breaking news. You aren't going to get in-depth reporting on it for a while.
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by whatok 8y ago
what
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by whatok 8y ago
This was all but announced over the past few months. Like mentioned in article in the article, they're targeting SABIC which probably requires a big bond deal. Bloomberg says current market cap is 98bn USD so... There are definitely
386.
by whatok 8y ago
Obviously their entire reason for existence is to make money and no one believes anything different. I think that they also provide a valuable service to the markets and that Paul Singer (at least at this stage in his life) sees himself as
387.
by whatok 8y ago
Hedge funds generally do not track benchmarks as the point of them is to provide diversified return streams. Over a specific time window, any hedge fund worth its salt should outperform vs SPX but really shouldn't be month to month.
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by whatok 8y ago
What are Elliott's benchmarks?
389.
by whatok 8y ago
A huge portion of why Turkey is such a mess right now is the United States' Syria policy. Turkey, by mere proximity, shared an unbalanced burden in the Syria fallout and the United States did nothing to aid them. This allowed Erdogan
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by whatok 8y ago
My personal belief is that he is well-aware but would rather scapegoat external "forces". The problem is that you can't really keep that ball in the air long enough to fix the underlying problem.

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