TESLA, il grande rally e la grande scommessa. La storia si ripete?

Nei giorni scorsi ho letto che Tesla ha rilevanti posizioni short sul titolo, può essere che venga usata per dare un messaggio, tipo la testa di cavallo nel letto, a chi di dovere, facendogli capire che è meglio seguire il buon pastore e no fare di testa propria?
https://www.ft.com/content/32c9c8c4-4478-11ea-a43a-c4b328d9061c
Saluti a tutti

pdf79@finanza,

YOUR IMAGINATION IS HAVING PUPPIES

…. You might run across all sorts of scary charts highlighting a massively growing notional amount of Tesla shares sold short. Ignore that. It means little with the stock exploding in value. What matters is shares sold short. And that number HAS BEEN STEADY DECLINING. When you combine the fact that there are a few convertible bond issues that are now deeply in the money (and therefore likely have fully hedged short positions against them), the amount of short sellers betting on this company falling has been dramatically decreasing. No doubt there are still some left. But they are not driving the run higher. If they were, the borrow rates would be increasing, and instead they are falling. Nope, the shorts are not the culprit.

Next most cited reason for the rise in Tesla’s stock price is short gamma from the market makers. Now I buy this theory – to some extent. Tesla has definitely become a retail (and institutional) trading darling. On the whole, clients are buying options from market makers, creating a negative feedback loop both ways. As the stock rises, the market makers find themselves short more stock, so they need to buy more. As it falls, they need to short it again. The massive negative gamma dealer position is definitely exacerbating stock price movement (and it will happen both ways – make no mistake about it).

The most hilarious part of this phenomenon? As my pal, Bloomberg reporter Luke Kawa recently noted, in the reddit forums investors have clued into this reality and are trying to orchestrate bull raids on other stocks (which is highly illegal, but then again the SEC didn’t seem to shut down Elon for all his infractions, so I guess manipulation on the upside isn’t manipulation but instead just good trading)….

So in summing up the negative gamma situation, yeah, it’s making the situation worse, but something else is driving the stock to the moon….

….When the big accounts come for a stock, it doesn’t matter how stupid the price, they just need to get it in. They are the scariest ones out there because they can keep buying for days, weeks, months and sometimes even years.

….Which brings me to today’s Tesla price action. Yes, retail option buying is helping push it higher. And of course, the big short base previously helped the rise accelerate.

But this move is being driven by big real money.

Why are they reaching for the stock? It has become the go-to name for the ESG (environment social governance) crowd. I don’t want to discuss the merits of their logic, but let’s face it, how can you not own Tesla with a big ESG mandate? It’s become the poster child for this rapidly growing segment of the market.

Don’t believe me? I think you can actually see the money flowing out of fossil fuel energy names and into Tesla. Look at this intraday chart of Tesla versus the inverse of the XOP ETF.

ETC …..

SO WHAT ?

è solo l’ennesimo caso di ciò che avviene quando il mercato diventa una PUBLIC UTILITY, un mezzo di controllo sociale, cavalcato dalla politica per dimostrare di avere successo, di ciò che avviene quando un numero ristretto di persone pensa di sapere ciò che è bene per i rimanenti 7 miliardi e passa e che essi debbano essere guidati verso il sole dell’avvenire. Hitler e Stalin avevano i loro metodi, questi hanno i loro. L’esito sarà lo stesso.