And even more institutional money may be about to leave Tesla. The
company issued $660 million in convertible bonds in May. Investors
holding those bonds, mostly professional investors, can convert
them into common stock at $124 a share starting tomorrow, October
1. The stock is trading for more than $193 a share today. So a
massive number of shares could hit the market starting tomorrow,
which would push down the price.
I love to combine
technical analysis with news of this sort.
Another point on TSLA
Posted by morton13 on 9th of Oct 2013 at 11:19 am
from one of my newsletters:
And even more institutional money may be about to leave Tesla. The company issued $660 million in convertible bonds in May. Investors holding those bonds, mostly professional investors, can convert them into common stock at $124 a share starting tomorrow, October 1. The stock is trading for more than $193 a share today. So a massive number of shares could hit the market starting tomorrow, which would push down the price.
I love to combine technical analysis with news of this sort.
Thanks for sharing.
Posted by limitless on 9th of Oct 2013 at 01:40 pm
Thanks for sharing.