David Einhorn lost a fortune for selling short Tesla from $15B to $1.5B

ironchef said:
For us option traders, no need to short the underlying, just the options.
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Unfortunately option market is not an efficient way to move the market. The bid/ask spread is so wide. Most of the volumes come from the outright market.
 
Overnight said:
Thanks for posting that video. I have been saying it over and over again for a while...

If you do not believe in a company, do NOT SHORT IT. Just STAY AWAY from it.

Find another company to long! There's a reason the markets rise over time. It is because the world economy keeps growing. So why try to take a cheap shot at it by trading against the trend? All shorts deserve to burn, because they are betting against the optimism of the world. F them all.
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Looked at chart of HLF lately?

And who knows if not for shorts maybe Enron/Worldcom and many other similar frauds might still be going on.

Madoff no doubt once said F them all.

You sometimes are really clueless.
 
nitrene said:
I remember in late September 2008, right after the collapse of Lehman Brothers, the SEC banned short selling on the Financials. So the government wanting longs to win forever is spot on, but it doesn't say much about the "Free Marketeers" of the Bush administration.

I was holding the SKF (ProShares -2X Financials ETF) and it went down but eventually came back. I believe when the SEC ended the short selling ban the Financials were even lower so it didn't really help.

This was the period when Chanos was on CNBC/Bloomberg endlessly pumping his shorts of the large banks especially Lehman. He was right in the end.
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they banned short selling because a bear raid on the stock could cause a run on the bank and force a bank failure that may not be warranted.
 
They make it sound like Einhorn "lost" $13.5 Bn. In fact, his AUM went from $15B to $1.5B as clients took their business elsewhere, not because the value of his investments was cut by $13.5Bn
 
taojaxx said:
They make it sound like Einhorn "lost" $13.5 Bn. In fact, his AUM went from $15B to $1.5B as clients took their business elsewhere, not because the value of his investments was cut by $13.5Bn
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Yup so many things that youtuber, looking for clicks, got wrong.

But sheeple eat it up, so he got that right.
 
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