Andrew Left's (Citron) trading in TSLA

[freedinner]

If you ever wanted to know how Left trades (one) of his stocks, you can take a look now:

https://seekingalpha.com/news/3388449-tesla-musk-sued-citrons-left-securities-fraud

This is because he sued TSLA and Musk due to the "funding secured" thing, and a list of all his trades in the relevant period can be found in an exhibit at the end of the lawsuit pdf.

 

[Max E.]

If you ever wanted to know how Left trades (one) of his stocks, you can take a look now:

https://seekingalpha.com/news/3388449-tesla-musk-sued-citrons-left-securities-fraud

This is because he sued TSLA and Musk due to the "funding secured" thing, and a list of all his trades in the relevant period can be found in an exhibit at the end of the lawsuit pdf.

Truth be told i would have thought Citrons trades would be bigger than that, with a wider range, they have an incredible ability to move stocks based on tweets, i honestly thought they were closer to the 100 million dollar range at this point.

The funny thing about this is that their trades, and stopouts dont look much different than the average trader based on that, just bigger size......

I always assumed Citron was building a position bigger and bigger and bigger until they finally let go of their research and then just buying out into the crash they create........

 

[luisHK]

Serious day trader it appears. Interesting.

 

[Max E.]

Spruce Point capital is also worth the follow on twitter for anyone else who likes shorting, Citrons stuff lately though has not had the same kind of punch, alot of the time it just turns into a squeeze after the initial sell off. But every once in a while they crush it.

 

[freedinner]

Truth be told i would have thought Citrons trades would be bigger than that, with a wider range, they have an incredible ability to move stocks based on tweets, i honestly thought they were closer to the 100 million dollar range at this point.

The funny thing about this is that their trades, and stopouts dont look much different than the average trader based on that, just bigger size......

I always assumed Citron was building a position bigger and bigger and bigger until they finally let go of their research and then just buying out into the crash they create........

I am also surprised. First, it seems he did not stick to his knitting with TSLA. He's very successful with the frauds he uncovers and then publishes. But TSLA does not fit the bill, nor do I think he's written a report about them. So that's kind of a gamble for him, unrelated to his usual business.

Then, he appears to have bought and sold several times through the day. I guess it will be difficult for him to prove that these trades have been due to the changing news from Tesla and Musk, as opposed to simply a reaction to price changes.

 

[freedinner]

Spruce Point capital is also worth the follow on twitter for anyone else who likes shorting, Citrons stuff lately though has not had the same kind of punch, alot of the time it just turns into a squeeze after the initial sell off. But every once in a while they crush it.

Others with a similar business model are Carson Blocks's http://www.muddywatersresearch.com and Soren Aandahl's https://www.blueorcacapital.com (used to be called Glaucus Research). Both have impressive track records mainly uncovering real frauds or let's say accounting misstatements, but there's certainly no 100pc sure thing.

 

[Daal]

By reading the complaint, Left's trading on TSLA looked pretty awful

 

[Max E.]

Others with a similar business model are Carson Blocks's http://www.muddywatersresearch.com and Soren Aandahl's https://www.blueorcacapital.com (used to be called Glaucus Research). Both have impressive track records mainly uncovering real frauds or let's say accounting misstatements, but there's certainly no 100pc sure thing.

Yeah i got muddy waters too, Blueorca is new though, thx for that.

 

[Clubber Lang]

If you ever wanted to know how Left trades (one) of his stocks, you can take a look now:

https://seekingalpha.com/news/3388449-tesla-musk-sued-citrons-left-securities-fraud

This is because he sued TSLA and Musk due to the "funding secured" thing, and a list of all his trades in the relevant period can be found in an exhibit at the end of the lawsuit pdf.

Wow. They are basically regular prop day traders.
I ways thought they loaded the boat and pitched their book. Very surprising.

 

[Max E.]

Wow. They are basically regular prop day traders.
I ways thought they loaded the boat and pitched their book. Very surprising.

So now the question becomes, how the Fuck are these guys able to move stocks like that other than a self fulfilling prophecy?

Honestly i thought Citron were heavy hitters cause they always create a shitstorm, based on their tweets, but this seems hilarious, 3 million dollar positions? I had like a 600k position in NKE the other day and im a piker.

The headline news on this one is "Citron is not a hundred million dollar company" and definitely not a billion dollar company, Not even close, its disappointing but not surprising.