Re:Tesla, Musk must face shareholder lawsuit over going-priv...
by dragonwriter on Thursday April 16, 2020 @03:30PM
(#22892626)
> It is interesting to note that the price Musk mentioned was $420 per share while the stock closed at just under $730 per share today and was as high as $969 (EDIT: actually more like $900, see computerex's comment below) per share before the Coronavirus selloffs began.
Yeah, and time doesn't mean anything in markets, so that's somehow relevant.
> I point this out not to defend Musk (he is often an idiot, especially on social media), but to point out that the people still angry about this are likely Tesla shorts and day traders.
That...doesn't even remotely follow from the facts you cited. For one thing, a CEO repeatedly flouting securities rules and thereby triggering sanctions against the firm probably means that the current market price is less thanot would be, ceteris paribus, without that occurring. Just because the stock price has gone up since that event doesn't mean that the event did not negatively impact long positions compared to everything else being the same except that event.
Yeah, and time doesn't mean anything in markets, so that's somehow relevant.
> I point this out not to defend Musk (he is often an idiot, especially on social media), but to point out that the people still angry about this are likely Tesla shorts and day traders.
That...doesn't even remotely follow from the facts you cited. For one thing, a CEO repeatedly flouting securities rules and thereby triggering sanctions against the firm probably means that the current market price is less thanot would be, ceteris paribus, without that occurring. Just because the stock price has gone up since that event doesn't mean that the event did not negatively impact long positions compared to everything else being the same except that event.