Look at the volume. they moved this up 5 bucks over 4 days averaging 2 million shares a day. Musky needs 500 million now in order to survive. Silverlake will push this higher into the gap trying to get shorts to close and then they will try a secondary. We have learned:
they are burning 600 million in 90 days
Couldn't do a secondary and had to drag in a Hedgie to get a small amount of cash
Oil hits new lows
All of the solar yeildcos are blowing up
And the stock rallies 5 bucks on 50% of the normal volume.....
Like I said, Obama won re-election. there will be NO FINDING WHILE HE IS IN OFFICE. Period. Green Scam is not allowed to be sued or challenged.
Obama won re-election. No investigation into any Green scam is allowed. also, notice, none of the "Sue 'em for anything" legal crowd ever sues any Green Scam company no matter how bad they miss or lie.
Clearly Silverlake is trying to push this in the gap to get shorts to close but nobody is following them. NOBODY works a stock price better then Musky. that is what happens when none of your companies make money and you live on taxpayer freebies and wall street funding your scam.
They just bounced this stock on 7k shares traded. After 800k was sold in the last 10 minute on Friday. selling the shares they bought all day to prop it up. Same thing will happen today until either they get it in the gap or reality hits-and real news comes out.
Same pattern every day. Walk it up all afternoon on lower and lower volume. Get some shorts to close and then sell heavy the rally right at the end-get out of the shares you were buying all day to try and push it higher. I absolutely, completely expect a Musky tweet saying there will be a 'major announcement" at the 12/15 analyst day. this is his MO......the goal is to get a buying frenzy on the magic new thing. He has done it with tesla at least 10 times.
Clearly this was the game plan of The Great Musky. Get somebody to put money in, support the stock , and hope the shorts close enough to get this in the gap. 100 million will only buy them another 90 days with the way they are burning cash with no end in sight. NOBODY plays the market and the dumb money better then Musky. Look at the volume-NOBODY is buying this thing it is drifting up.
They are out of cash now by May-June area. Desperately need a secondary.....
It is a self funded scam to get the price high enough to convert. Fact is: scty did not have enough cash to last
another 5 months and nobody would buy any new stock in any secondary. so Elon does an Elon: hey, you buy 100 million in a PE, I will throw some money in, we will hype it and get the stock up and force shorts to close. If it works we can somebody to buy a new secondary.
so, look for hype announcements and "new product" to be unveiled at the analyst day in December. Every bit of Green is a scam. All of it.
He got the stock up yesterday with a 100 million dollar investment he could not sell to the street. Now, his usual MO , will be to have 3 to 4 days in a row of 'announcements" that add up to nothing......but the hedgies will push the stock because they are all behind the 8 ball for YTD returns. In the real world, SCTy will continue to lose more money then they take in in actual sales for the next 4 quarters and solar yeildcos will continue to fail........
Yeah, and remember, the accounting on this scam uses 95% retention rate for lease payments for the next 20 years. What could go wrong? I said it 3 years ago-this will be bankrupt or sold for 5$ a share to some utility....and the Press will never cover the 100's of billions in taxpayer freebies
Solars are all getting killed due to the collapse of the yeildco financing. Nobody wants an income stream based on an energy source that only exists because of government freebies when those freebies are ending in 13 months. this is why SCTY had to go to one of its private equity firms and get $.....nobody else will give them a dine in the public markets. Amazing-SUNE is near collapse but they forced someone to either agree to the yeildco deal or take the assets.
yeah tesla is the exact same thing just with bigger lies. There was one analyst about two calls ago that pointed out everything we are saying and he was shut down by Musk and never invited back. Notice how there are never any law suits from those sue on the drop of a hat firms? The word is out from the gang we got running this country now-Sue Green anything and never get a $ of any government work again.
All correct questions....which is why you will never be invited to any Musk owned company meetings. They are burning more cash in a quarter then they do in sales!!! And have been for over 12 months now. somebody else made the point-this was a private Placement not a broad based offering with street interest etc. If California even thinks about cutting Green Freebies this is 10 bucks in 2 days......
The anti-capitalist left has had the oil companies in their sites for over 40 years. Mainly because most people who work in the industry-including most of the hard hat labor-do not vote Democratic. They could never find a way to control or replace the fantastic product they make......so they came up with another way; world destruction.
Just as the oil companies found so much oil that the Middle east is 5 years from irrelevant. Just as deep fracking found a 500 year supply of Nat gas. Just as technology has made liquefy Nat Gas a possibility on a mass scale.....the permanently unemployed and citizens of Honduras and Mexico got together and elected a pure socialist and we go down the road of government funded Green Scam. the result? We have an inferior product with no natural demand. Look at every country or state that stopped the tax payer freebie credits: sales fell off by 80% or more.
Oil is now at $40 bucks and nat gas is down by 75% over the last 8 years. Imagine where we would be if we had a President and Congress that saw that opportunity and were then able to drop the cost of production and transportation by 40 to 50%? Instead, we have a President who blocks all attempts to do exactly that and is trying desperately to turn us into Europe where drilling is all but illegal-and gasoline is $9 a gallon-with $4 of tax on it.
Obama's presidency could go down as the time that the human race lost their mind and their country......
Exactly. Ever notice no matter how many times tesla misses earnings, deliveries, or misstatements there is NEVER,EVER ANY LAWSUITS FROM THAT SUE AT A DROP OF THAT HAT CROWD? Musk has lunch with Obama at least twice a year and every law firm knows if you pull the covers back from the scam that is Green-there will be no goodies for you.
it is starting to dawn on dunder heads that the gravy train for Green Scam is ending. yield co's are falling apart because if tax $ is not backing projects and giving away free money suddenly paying 40% more for energy does not make sense. Look at fslr's last "great" report. they sold a project that was built with taxpayer money and backing and with guaranteed rates for 25 years-subsidized by the taxpayer. 89% of all solar is sold in or built for California. why? Because the left wing loons that run that compound forced it on the citizenry. Guess which state on the mainland has the highest electric rates? Go ahead...you know.
A scam voted in as president leads to a scam in everything. Hey, did you hear that Obamacare average increases for those stupid enough o actually pay for it-up32%!!!
10 trillion of new debt to build power plants that nobody wants .....perfect.
At about 1;20 yesterday this stock "miraculously" bounced 3 bucks in 15 minutes on less then 30K shares traded and closed up despite in a clear downtrend. And today, as the market sells off, the stock drifts higher after selling off-again on no volume. The Option boys will lose a fortune if this closes below 220 tomorrow by more then a buck. Classic. add in the big firms see a cash cow here of constant share issuance and the scam plays on.....
And here you are....1.75 on about 35K of stock trades....maybe they are protecting the 215 to 220 puts.sold...
Should be about time for one of those out of no where, lowest volume of the day 2 dollar bounce..........