Friday, May 17, 2013

TSLA secondary

So first an observation of short interest.  The list at IB seems to indicate short term players with shorting and covering.  Currently there is 400K shares available.  I am not sure what the comp is to look at.  Logically lost of shorts should be covered.  My guess and intuition is that they have not yet really pulled them in.

Rumor is the secondary priced 2.7 million shares at $92.24.  Absolutely awesome.  Me thinks those waiting for pullback will be buying this one higher.

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