Over the past year, I have done six different posts about shorting Tesla, largely based out of my frustration that they remain a “one product company” whose Model X (on which I am 20,000 who has a deposit) has been endlessly delayed. The company peaked last September, falling from nearly $300 to $212.80 yesterday. Now that earnings are out, and JP Morgan has downgraded the firm, the stop is pre-market down about 7.5%. I’m holding on to this short.
Ugh, this one hurts. I suggested shorting Ocwen Financial as you can see from last June when it was in the mid-30s. It’s a single digit stock now, only seven months later. Hurray for the great recommendation. Boo for not hanging on.
Here is the third and final part of my retrospective with links to what I believe are the best posts of 2014 at Slope of Hope:
- Technical Tools Tale – my “pre-Prophet” job experience was at a little startup in Los Altos called Technical Tools, which included a stint with a famed market wizard.
- Mojave’s Story – I have three dogs now, and this is the story about how I found my third dog, Mojave, during the summer and adopted him into the family.
- The King of Sooth – explaining my obsession with the deceased art instructor Bob Ross
- My Town’s Transformation – what’s happened to my little college town of Palo Alto?
- A Change in Tone – in which I pledge to try to be more balanced and less permabearish (ummm, it didn’t work)
- Pity the Sub-Genius – definitely one of my favorite posts of the year, if not the entire history of the blog. It’s hard to explain; just read the damned thing.
- Zachary – the tale of a severely-deformed man who spends his time on University Avenue here in Palo Alto
- Shifting Sands – a post that predicted oil would follow the same stumbling tumble as gold and silver had, which it did.
- In Perpetuity – the shock and awe from the surprise Abe announcement in late October
- Revisiting Truth’s Moment - comparing the pickup in volatility from 2007 to what we’re seeing today
- My MarketMax Tale – a dream job becomes a disaster for me, and I’m ultimately kicked to the curb
- Clinkle is New Color - some high-tech startups are really stupid. Like, say, this one.
That’s it, my friends! The best of 2014! Be safe tonight, and unless you work for the Fed, please make sure you’re sober behind the wheel.