The bag holders at $17 already lost majority of their investment. You believe that continuing frauds for the sake of bag holders is justified. I wish you well with your trading. When bubbles pop, they drop hard & fast. For now, the stock is divorced of fundamentals.
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Replying to @rocket_jenross @eshow1969
I feel like I must be misunderstanding you. Can you elaborate on that first sentence? Didn't SCTY shareholders get 0.11 shares of
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Replying to @LAForeverHall @eshow1969
Yes but many of them bought shares much higher than that value. If you bought shares at $78 did you really care about 0.11 shares of Tesla in 2016?!?
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The deal was so undersirable that when it was announced the combined value of both companies’ market caps dropped more than the value of the deal.
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Replying to @rocket_jenross @eshow1969
Yeah I understand your opinion, but you said that "the bag holders at $17 already lost the majority of their investment." What did you mean by that? Even if you bought at $78 you haven't lost the majority of your investment at this point.
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Replying to @LAForeverHall @eshow1969
78% of your investment was lost by then
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Replying to @rocket_jenross @eshow1969
I agree some shareholders could have lost money. But I'm also saying the buyout was better than the alternative and also that many shareholders would be sitting on fantastic profits RN if they held. This doesn't contradict that it's possible to make money trading frauds?
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Replying to @LAForeverHall @eshow1969
Better for whom? Not for Tesla shareholders who have to pay billions of Solarcity’s debt. There is a class-action derivative shareholder lawsuit over this. All defendants settled (for $60M) except Musk. March will be interesting.
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Replying to @rocket_jenross @eshow1969
It may have been much better for TSLA shareholders than letting SCTY fail because that would have damaged Musk's image as a demigod, which has been a huge source of reflexive value creation for them.
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Replying to @LAForeverHall @eshow1969
That is exactly what the plaintiffs claim as the reason why the merger was pushed. Frauds are hard to short in reflexivity, but be careful. I had a successful career shorting frauds during QE.
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Cool. Best of luck to you, too. :)
FWIW I don't own $TSLA. I do find it fascinating however.
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Replying to @LAForeverHall @eshow1969
Same. I’m not short and find it fascinating.
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Replying to @rocket_jenross @LAForeverHall
Not short to long either.....
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End of conversation
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