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The Big TSLA Heist of December 10:
1/
The 8-K is out, Tesla has completed their $5b ATM round in record time, just two trading days: December 8-9.
Underwriting investment banks executed Tesla's selling & knew by the end of the 9th that Tesla has finished selling. https://twitter.com/truth_tesla/status/1337050603445477378
1/
The 8-K is out, Tesla has completed their $5b ATM round in record time, just two trading days: December 8-9.
Underwriting investment banks executed Tesla's selling & knew by the end of the 9th that Tesla has finished selling. https://twitter.com/truth_tesla/status/1337050603445477378
2/
In after-hours and early-trading on December 10 they aggressively marked down the price with just ~1-2m shares.
Annotated chart below lays out the details.
In after-hours and early-trading on December 10 they aggressively marked down the price with just ~1-2m shares.
Annotated chart below lays out the details.
3/
By the morning of December 10, TSLA was marked down to $570, and after trading open it was pushed down to $566.
At that moment an intensive buying spree began, which lasted into much of the day.
On higher than average volume, TSLA ended up at $627 - a +10.7% intraday rise.
By the morning of December 10, TSLA was marked down to $570, and after trading open it was pushed down to $566.
At that moment an intensive buying spree began, which lasted into much of the day.
On higher than average volume, TSLA ended up at $627 - a +10.7% intraday rise.
4/
During the day I noticed the weird pattern and commented on it in the tweet below, laying out the hypothesis that Wall Street underwriting banks already knew that the $5b offering was finished. https://twitter.com/truth_tesla/status/1337050603445477378
During the day I noticed the weird pattern and commented on it in the tweet below, laying out the hypothesis that Wall Street underwriting banks already knew that the $5b offering was finished. https://twitter.com/truth_tesla/status/1337050603445477378
5/
Personally I wasn't harmed by what appears to be blatant, large scale insider trading - but any investor who sold TSLA shares or options today due to the fake selling pressure in the morning probably was.
So please be vigilant when investing - the dice are loaded.
Personally I wasn't harmed by what appears to be blatant, large scale insider trading - but any investor who sold TSLA shares or options today due to the fake selling pressure in the morning probably was.
So please be vigilant when investing - the dice are loaded.
