Plus: sell the corresponding calls.
R.E. Boss > -----Oorspronkelijk bericht----- > Van: Chat <[email protected]> Namens Devon > McCormick > Verzonden: zaterdag 1 februari 2020 01:12 > Aan: Chat forum <[email protected]> > Onderwerp: Re: [Jchat] Introducing J to Financial & Actuarial Students > > It seems trivially easy: buy out-of-the-money puts, based on today's price, > expiring shortly after that date. > > On Fri, Jan 31, 2020 at 6:09 PM Jose Mario Quintana < > [email protected]> wrote: > > > > Yes, I lost a bit dumping it when it started to take off. > > > > Oh well, it could have been a lot worse. > > > > Incidentally, recent news confirm reports from last year that the > > legendary investor, Warren Buffett, which was mentioned in the thread, > > was (among other investors) conned and "invested" $340M in a shady > > "green" company, > > > > A couple pleaded guilty to scamming Warren Buffett as part of a $1 > > billion Ponzi scheme > > > > https://markets.businessinsider.com/news/stocks/couple-admit- > scamming- > > warren-buffett-1-billion-ponzi-scheme-2020-1-1028844728 > > > > This is not the first giant "green" company that bites the dust > > (Solyndra and A123 come to mind); but, to my knowledge, is the only > > one so far where the upper management has pleaded guilty of criminal > activity. > > > > Back to shorting securities... This is a tricky business. An > > ex-colleague illustrated some of the issues by posing what he called "An > Angel problem." > > An (infallible) angel makes an apparition and tells you (and only > > you) today, for example, that the closing price of Tesla on July 31, > > 2020, will be exactly $345.67. What would you do? > > > > His point was that, even with (partial) exact information in one's > > possession, the problem is far from trivial. Then again, in principle > > (that is, if one does the homework properly), considering including > > short positions in one's portfolio cannot hurt. > > > > > > On Thu, Jan 30, 2020 at 8:03 PM Devon McCormick > <[email protected]> > > wrote: > > > > > > Yes, I lost a bit dumping it when it started to take off. > > > > > > > > > On Thu, Jan 30, 2020 at 7:36 PM Donna Y <[email protected]> wrote: > > > > > > > > > > > >> Tesla short sellers lose more than $1.5 billion in one day as > > > > >> stock > > > > skyrockets on earnings > > > > > > > > Donna Y > > > > [email protected] > > > > > > > > > > > > > On Jan 30, 2020, at 7:22 PM, Jose Mario Quintana < > > > > [email protected]> wrote: > > > > > > > > > >> Full disclosure: I have a short position on Tesla. > > > > > > > > > > I trust you dumped your short position in a timely fashion: > > > > > > > > > > July 25 $222.82; today $640.81 > > > > > > > > > > :) > > > > > > > > > > > > > > > > > > > > On Thu, Jul 25, 2019 at 1:31 PM Devon McCormick > > > > > <[email protected]> > > > > wrote: > > > > >> > > > > >> Actually, "Ponzi scheme" is inaccurate - it's more of an > > > > >> accounting > > > > scam. > > > > >> Full disclosure: I have a short position on Tesla. > > > > >> > > > > >> On Thu, Jul 25, 2019 at 1:23 PM Devon McCormick > > > > >> <[email protected] > > > > > > > > wrote: > > > > >> > > > > >>> Funny you should mention Buffet when Berkshire Hathaway has > > > > >>> lately > > been > > > > >>> under-performing the S&P 500: > > > > >>> https://www.fool.com/in > > > > > vesting/2017/07/23/an-interesting-chart-about-berkshire-hathaway > > > > > .aspx > > > > >>> . > > > > >>> > > > > >>> Musk is even funnier - he's basically running a Ponzi scheme > > > > >>> with > > > > Tesla. > > > > >>> > > > > >>> On Thu, Jul 25, 2019 at 1:20 PM Raul Miller > > > > >>> <[email protected] > > > > > > > > wrote: > > > > >>> > > > > >>>> On Thu, Jul 25, 2019 at 1:16 PM Devon McCormick < > > [email protected] > > > > > > > >>>> wrote: > > > > >>>>> In the Wikipedia article on Bill Miller, it says "[his > > > > >>>>> fund's] > > > > >>>> ...after-fee > > > > >>>> > > > > >>>> You've heard of Warren Buffett, though? > > > > >>>> > > > > >>>> Or, for that matter Elon Musk? > > > > >>>> > > > > >>>> Thanks, > > > > >>>> > > > > >>>> -- > > > > >>>> Raul > > > > >>>> > > ---------------------------------------------------------------------- > > > > >>>> For information about J forums see > > > > http://www.jsoftware.com/forums.htm > > > > >>>> > > > > >>> > > > > >>> > > > > >>> -- > > > > >>> > > > > >>> Devon McCormick, CFA > > > > >>> > > > > >>> Quantitative Consultant > > > > >>> > > > > >>> > > > > >> > > > > >> -- > > > > >> > > > > >> Devon McCormick, CFA > > > > >> > > > > >> Quantitative Consultant > > > > >> > > ---------------------------------------------------------------------- > > > > >> For information about J forums see > > http://www.jsoftware.com/forums.htm > > > > > > > ---------------------------------------------------------------------- > > > > > For information about J forums see > > http://www.jsoftware.com/forums.htm > > > > > > > > ------------------------------------------------------------------ > > > > ---- For information about J forums see > > > > http://www.jsoftware.com/forums.htm > > > > > > > > > > > > > -- > > > > > > Devon McCormick, CFA > > > > > > Quantitative Consultant > > > -------------------------------------------------------------------- > > > -- For information about J forums see > > > http://www.jsoftware.com/forums.htm > > ---------------------------------------------------------------------- > > For information about J forums see > http://www.jsoftware.com/forums.htm > > > > > -- > > Devon McCormick, CFA > > Quantitative Consultant > ---------------------------------------------------------------------- > For information about J forums see http://www.jsoftware.com/forums.htm ---------------------------------------------------------------------- For information about J forums see http://www.jsoftware.com/forums.htm
