No doubt this will be deemed misogyny, but Cathie is one hell of a dumb bint. She is the fund manager who reckons, based on piss poor analysis, that Tesla (TSLA) is worth $3000 and it is by far the biggest holding in her Ark Fund which you can and should short aggressively. Her fund also holds shed loads of illiquid shit and so has the potential to be Neil Woodford on steroids. But here is a tweet which shows that Wood makes Woodford look like Einstein.
We are now well over £30,000 (with gift aid) for Rogue Bloggers for Woodlarks so that is 70% of our target – if you are yet to donate, please do so HERE. In the podcast, I discuss MyHeathChecked (MHC), Zoetic (ZOE), bitcoin, Tesla (TSLA) and Argo Blockchain (ARB).
After part one of the Musk pump and dump and then volte-face on bitcoin, the great fraudster faced the problem that Tesla (TSLA) was still sitting on around half of the $1.5 billion of bitcoin it had bought to great fanfare in February. But this bitcoin is dirty and environmentally tainted said the great green auto-maker – what to do with it?
I start with Tesla (TSLA) and a mad broker target. I discuss why it is mad and look back to ARM in the year 2000. Then it is onto plans to allow companies to delay results even more. Mentioned en passant here are Pires Holdings (PIRI) and Inspirit (INSP). Finally I turn to the idea of allowing folks to delay filing tax returns and paying tax.
It is self-evident that stop losses are important, particularly when it comes to short selling where potential losses are infinite but I have always set the limit high with obviously bust companies and been relatively relaxed when they have moved against me, as it is usually an opportunity to sell more...
My guest in this week's show which is sponsored by Open Orphan PLC (ORPH) is my old pal, the Dark Destroyer Matt Earl. We discuss how a bear can make money in this market, Tesla (TSLA), NMC Health (NMC), Finablr (FIN), Burford (BUR), IQE (IQE) and in real detail Mark Slater, Sam Antar and Future (FUTR) in the wake of Matt's bombshell dossier of last week. If you like this podcast and can't wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
In today's podcast, interrupted by the pest Lucian, I look at Chris Akers and what he knows about Dev Clever (DEV), at Versarien (VRS) and an RNS from February 2017 which I urge its hapless Nomad Bobbie Hilliam at Canaccord to consider carefully as his client runs out of money again, at Andalas (ADL), Eurasia (EUA) and Tesla (TSLA). I consider the woes of Bidstack (BIDS) and a company with even less money, the curious trading statement from Zoetic (ZOE) and then do the maths, again, on UK Oil & Gas (UKOG).
Investors love to look for signs of markets tops, a difficult task, except in hindsight. A favourite of the GFC of 2008 was the infamous comment by Citigroup’s Chuck Prince in July 2007; “As long as the music is playing you have to get up and dance." Now we have another Prince, this time Bob, co CIO of Bridgewater, who proclaimed at Davos the other day that we have seen the end of the boom bust cycle (remember the great Gordon Brown saying much the same in 2007?)...
My guest in this week's show which is sponsored by Open Orphan PLC (ORPH) is my old pal, the Godfather of my son, the Bard of the Boleyn, Mr Lucian Miers. We discuss how a bear can make money in this market, Tesla (TSLA), Versarien (VRS), NMC Health (NMC), Rogue Bloggers for Woodlarks (please do sponsor us HERE), AFC Energy (AFC), Vast Resources (VAST), Finablr (FIN) and much more including a few of Lucian's top US shorts. I also have a question about those who invest in frauds and who harass me and my family. If you are such a troll maybe you can enlighten me? If you like this podcast and can't wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
This month has been the opposite of December 2018 which saw a steep decline on Christmas Eve which marked a year low on Wall St. Now we are seeing new all-time highs posted practically every day. Even the derided stock markets of Europe and the UK - as represented by the FTSE 250 - are at or near all-time highs…
A day of travel adventures. I recount my breakdown last night, an angelic lorry driver and how I ended up on Nigel Somerville's sofa. Meanwhile Darren Atwater is leaving the UK but not ShareProphets. Then I look at utter lunacy from a "woke" FRC and inept Business Secretary Andrea Loathsome. Then it is onto Neil's sacking from Woodford Patient Capital Trust (WPCT), what it means for the Trust and how it will help him hide another £25 million personal windfall gain. I cover Tesla (TSLA) as the bears are squeezed by book cooking. Finally a look at the murky death spiral announced by Vast Resources (VAST).
Just one guest in this week's show, which is sponsored by Yorkville, the bear raider Lucian Miers who has been doing due diligence at the coal face on the cannabis market. We discuss pot stocks and GW Pharma (GWP) in particular, the We Work flop and its macro significance, Versarien (VRS), Sirius (SXX), Tesla (TSLA), Purplebricks (PURP) and Greggs (GRG).If you like this and can't wait seven days for more of the same you should listen to my Bearcast every day.
I reflect on the annoversary of 9/11. I ponder points raised in today's ShareProphets radio show with Carson Block and Anthony Laiker about bull market complacency to fraud. In that vein I use Tesla (TSLA) and the legal case below as a case study. I look at Neil Woodford's latest £12.5 million woes answering reader feedback. I look at Catennae (CTEA), Riverfort Global Opportunities (RGO) and my pal Jim Mellon's Fast Forward (FFWD). I also comment on the latest Burford (BUR) news.
On Wednesday evening Tesla (NASDAQ:TSLA) passed another important milestone on the road to bankruptcy by showing that even with record deliveries of 95,000 vehicles in Q2 it is incapable of making money. Having promised in Q3 last year that the company would be profitable from now on-in and not require further funding, having raised $2.4 billion in May, it has now racked up losses of $1.3 billion in the first six months of the year. The departure of the last remaining grown up, co-founder JB Straubel, who has been selling stock all year, is also cause for grave concern...
In today's podcast I look at Dev Clever (DEV), Tesla (TSLA), Mothercare (MTC), Versarien (VRS) and Block Energy (BLOE). Enjoy.
A week ago I emerged blurry eyed at Heathrow off an overnight from San Francisco. Actually, I say overnight but in reality with the time difference it was more like I lost a full day. I guess I gained it all on the way there... Anyhow I had been lurking in Silicon Valley for a few days, meeting a few people and customers in order to try to get a handle on things. Yes, i was almost back to my old professional fund manager mindset.
I have spent much of the last few days in California, mostly in Silicon Valley, on the final part of a global research and related tour. And very interesting it was too. Another time I will maybe share a few of the individual share insights from the company level interactions I had with names such as Tesla (TSLA), Alphabet/Google (GOOGL) and Apple (AAPL), but today's missive is just me starting to tidy up a few loose ends from the UK markets from the last two or three days.
On a recent podcast, @TeslaCharts, a prominent and distinguished member of the Tesla (NASDAQ - TSLA) bear community on twitter known as $TSLAQ, described the ingredients needed for the Tesla phenomenon as the Barbershop Quartet, which I thought aptly describes not just Tesla but the investment climate which we have, until recently, taken for granted...
WARNING: Our apologies, this Bearcast has distorted sound from after ten minutes, when Tom recorded it. It is still audible. We'll try to fix it for tomorrow's Bearcast. I start with a short bit on the wild use of language and yes the trans "genocide" is my starting point. I look at IQE (IQE), Thomas Cook (TCG) and classic red flags - Eight Peaks Group (8PG), Yu (YU.), Bushveld (BMN) and Tesla (TSLA). If you have yet to donate to Rogue Bloggers for Woodlarks (another announcement tomorrow), please do so HERE.
I have spoken about Tesla (NASDAQ:TSLA) at the last two UK Investor Shows and written about it extensively as a once in a generation short opportunity. Given that it is probably the most covered and talked about stock in the world, I do not propose to continue writing about it for a while but do make the following observations after its Q1 release on Wednesday…
The horrendous Q1 delivery numbers from Tesla (NASDAQ - TSLA) should have finally buried the growth story for all but the die hard believers and the focus now should move on to when it has to raise capital or file for bankruptcy…
I speculated previously about what might be the catalyst for the great Tesla (NASDAQ - TSLA) unravel and since then I believe we may have seen it...
The year to date has not provided a very promising backdrop for bears. I - like many others - am intensely irritated by Donald Trump’s obsession with the level of the US market and his clearly seeing it as a barometer for his own genius. When he claimed late last year that the fourth quarter sell off was a blip and a buying opportunity I waited with grim satisfaction for the rude awakening that was sure to follow...
In the old days ( i.e only three years ago) the BBC pension fund was invested, as it should have been in safe dividend plays like BP, Shell and BAT Industries. But that sort of portfolio played badly with the uber politically correct state funded broadcaster. So its all change. The new top 20 holdings as at 31 March 2018 are below.
Make sure your kids do not listen to this podcast. Today I cover the latest bonkers idea from Malcolm Stacey, NetFlix (NFLX), tesla (TSLA), IQE (IQE), Dods (DODS), Flybe (FLYB) and Totally (TLY). I also explain why I am even more of a f*cking feminist than before, as of today.
I explain the headline ion the podcast but it is all to do with Anglo African Oil & Gas (AAOG) and UK Investor Show - book your free ticket for March 30 today HERE. I explain why Old man Stacey really has lost the plot on Brexit, he needs to look at what is happening in China and that will make him truly fearful. I look at Tesla (TSLA) and UK Oil & Gas (UKOG).
Most material on twitter is unadulterated junk. But there is the odd gem. In the case of Tesla (TSLA) where the sell side analysts are all paid bulls, some of the best insight is on twitter. Like Lucian Miers, I regard this company as an accident, no an outright car crash, just waiting to happen. In that vein I bring you a most instructive series of tweets yesterday from @Polixines13 who knows his or her onions.
My 2018 bear tip at the UK investor show was Tesla so apologies for that. It is ,however, rather looking like the ten year bull market may be coming to an end and stocks that are vulnerable are over leveraged names with refinancings coming due and crazy valuations. So I am going to stick my neck out and predict that 2019 is the year that Musk finally gets his comeuppance. The shares are now $317.
In today's podcast I look at Purplebricks (PURP) and whether Neil Woodford is going nutso, Tesla (TSLA), RPS Group (RPS), Debenhams (DEB) and Feedback (FDBK)
US fund manager David Einhorn is having a fairly dismal 2018 but his long term record is good and his biggest short, Tesla (TSLA) is paying off. In his latest missive to investors he compared pothead liar Elon Musk's fraud to Lehman Brothers. Can you really argue with a word he says?
In today's podcast I discuss the latest news from Elon Musk and Tesla (TSLA) and why it is still a short, Theresa May trying to woo the wrong businessmen, gender pay gap bollocks in the Mail on Sunday and the theft Bulletin Board Morons approve of and ADVFN (AFN) cuts its own throat by not tackling, copyright theft.
I am extending the Premaitha (NIPT) session at the 16th October UK investor event in London to allow an extended Q&A as I want folks to really grill the company. I shall. You can register and please do so HERE but hurry as the event is already 70% booked out! In this podcast I look at what really happened yesterday and why it shows the City in such a dreadful light. I also look at Tesla (TSLA) and Elon Musk where things go from bad to worse and at new US data and UK house prices.
In today's bearcast I look at Brexit and house prices, a celeb tipping Tesla (TSLA) and the nonsense MP Rachael Reeves talks about executive "fat cat" pay.
In this podcast I look at the EU's shameful treatment of the wretched Theresa May, it insults her but also the UK. Do we really want to be part of such a club. I look at warrants handed out by Kefi Minerals (KEFI) as it appointed shamed and disgraced SP Angel as its joint broker and I discuss how proven liar Elon Musk will cook the Tesla (TSLA) Q3 books and how that will play out.
In today's podcast I discuss the moral bankruptcy of Naz Shah MP and her comments on Non Invasive Pregnancy Tests, yes Premaitha (NIPT). I look at Tesla (TSLA) and the lessons from women's knickers, at Kefi (KEFI), Frontera (FRR) and the credibility test vs Yorkville, Derriston (DERR) and explain to some folks, I fear it is in house BBM Wildes, what a DCF model involves and why it is used, ref RedT (RED)
First I look at m ore evidence of naughtiness at Tesla (TSLA) as the pithead Elon Musk struggles to make good on his pledge to be Q3 cashflow positive. Then I discuss insider dealing. I think I was an insider but am not sure but could have made a killing on one stock over the past fortnight but I sense others have been less scrupulous than I have been. I discuss how this all happens and and why it is not a victimless crime and what should be done.
It seems that after just a month in situe the chief bean counter for the fraudsters who run Tesla (TSLA) has decided that he’d rather not earn $10 million and has quit. A great American company is in trouble and there is only one man who can save it. Today we launch a campaign to draft in Sam Antar as the new CFO of Tesla and if you are on twitter here’s how you can help.
I start with a few thoughts on just how wonderful it is up here at the Greek Hovel, truly it is peaceful and heavenly. Then a thank you for your kind emails and comments on poor Oakley. Then this podcast takes an in depth look at Telit (TCM), run by insider dealer Yosi Fait, after its interims yesterday and at Tesla (TSLA) run by nutso market abuser Elon Musk after his latest outburst.
It’s looking increasingly like Elon Musk’s go private “funding secured” tweet on the 7th August has backfired horribly as Tesla (NASDAQ - TSLA) now trades $40 below the prevailing price before he sent it. I was recently accused of confirmation bias on Tesla, i.e. of looking only at the bear case and ignoring the positives but it is difficult post-tweet to find any bullish case that holds water.
Natch the news came not via an official statement but via a blog post at 11 PM, no-one is watching o'clock. Musk is a slam dunk for jail, the rest of the Tesla (US:TSLA) board may join him, and Tesla is finished, it could well be a zero. All is explained in my latest podcast.
I don’t propose to dwell on Tesla (NASDAQ:TSLA) today as it is in danger of becoming an obsession to me, as to many others. Suffice it to say that what was shaping up to be a pretty disastrous trade is looking a lot less serious and it is now clear that Musk’s claim to have funding secured for a take-private deal at $420 per share was wide of the mark to put it mildly.
Last week was not ideal for those short of Tesla (US - TSLA) after that tweet announcing the potential biggest take private deal in history. Nothing now surprises me with this company and, also having been a victim of the Autonomy-Hewlett Packard debacle seven years ago, I am wary to dismiss the possibility of a deal out of hand. But as the week closed without any further details emerging, it is looking increasingly likely to me that the funding might not be “secured” as claimed.
On Thursday, shares in Tesla (NASDAQ:TSLA) rose to levels not seen since June, as the market reacted favourably to its Q2 numbers and the subsequent earnings call.
The great news is that our Woodlarks walk has now reached 57% of its sponsorship target. I'll do another training walk this afternoon with Joshua so as we do a quick march how about you check out the latest incredibly generous donations here and chip in yourself? In a long bearcast I cover Tesla (US:TSLA), Fishing Republic (FISH), Kibo (KIBO), UK Oil & Gas (UKOG) as lyin' Steve does the right thing - Frontera (FRR), Conroy Gold (CGNR), TrakM8 (TRAK), Avanti (AVN) and Cabot Energy (CAB). PS Wasn't the football incredibly exciting and a source of such joy? I view myself as British, not English but go on Eng-er-land!
Two months ago at the UK Investor Show, I tipped Tesla (US - TSLA) as my top short for 2018 at $300. The shares are now 11% higher than that having touched $370 in the interim, so my timing has not been great and for that I apologise. Nevertheless, I still believe that, despite it being a crowded trade, and despite the fact that Elon Musk still enjoys unquestioning support from his cult followers, the company faces existential threats which could overwhelm it in short order and it is therefore the right thing to maintain a short position.
In these benign markets, the word “catalyst” is heard frequently among bears. They may agree that they have found a real turkey, but fret about what specific event will engender a sudden loss of confidence and resultant share price fall. I suggested recently that a cash crunch is the most reliable catalyst for a correction, but it’s not that straightforward as demonstrated by two of my favourite shorts - Tesla (NASDAQ - TSLA) and Telit (TCM), both of which have traded sideways for a while.
As I write, Tesla (US - TSLA) at $305 has regained the level at which it was trading on Thursday when Musk lost the plot on the Q1 conference call, causing the price to drop 7% in minutes.
And the next video is the bears with myself, the Dark Destroyer Matt Earl, the Bard of the Boleyn Lucian Miers and a cameo by Nigel Somerville on Advanced Oncotherapy (AVO). On the agenda Telit (TCM), Tesla (TSLA), Mitie (MTO), IQE (IQE), RM2 (RM2),Avanti Communications (AVN), AIQ (AIQ) and a good stack more.
The lawyer's letter? I must keen you in suspense as I discuss with my lawyers how to respond so you can still vote on who sent it HERE. I also chatted today to Lucian about three slam dunk shorts: Telit (TCM), Purplebricks (PURP) and Tesla (TSLA). Or are they slam dunks? Might disbelief be suspended forever.? I then look at Photonstar Led (PSL) at Conroy Gold (CGNR) and at how AIM gives capitalism a bad name by not letting bust companies such as Andalas (ADL) fail.
Shares in MySquar (MYSQ) recently more than doubled valuing the disreputable Myanmar (Burma) play at around £22 million, a ludicrous sum for a transparent scam that stands out even when measured by the exalted standards of AIM.
I wrote a while back that Tesla (TSLA - NASDAQ) would be a cracking short if and when its shares break down below $300. They didn’t quite make it, rebounding sharply from $308. But the rally looks like it has run out of steam and they are heading south again.
I was going to have my usual weekend dig at one of the many over-promoted pieces of crap on the lower reaches of AIM but thought instead I should lift up my head and look further afield and take a pop at most over-promoted stock in the global markets with a proper superhero at the helm, namely Tesla Motors (NSDQ: TSLA) and the irrepressible Elon Musk.