There are still a lot of people who are using short sellingBut if you listen to them carefully, the stock price movement is very different from before

There are still a lot of people who are using short selling
But if you listen to them carefully, the stock price movement is very different from before

In a time when there are so many people who made a lot of money betting that the world was going to die…Now the Fed is a professional who no longer tolerates that kind of situation

As the market conditions change, some people decide that short selling makes it difficult to make a big profit in the stock market and declare that they will stop short selling to big tech megatech stocks

Instead, he said he would sell short to small and medium-sized stocks or real estate.

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Short seller Jim Chanos, who has been pessimistic about the famous Tesla on Wall Street, has decided to close his hedge fund company.
11/17/2023 3:05pm. (Benzinga Newswire)

Jim Chanos, known on Wall Street as a well-known bear market position, is closing an asset management hedge fund specialized in short-term selling, The Wall Street Journal reports.

For nearly four decades, Chanos has expressed a contentious stance on overvalued or fraudulent companies, and has suffered losses in long-term bets on companies such as Tesla and AOL while generating profits from the downfall of Enron.

Recently, Chanos told WSJ that he has been struggling to invest in his bear position, especially at a time when the market is on the rise. “The market for what I do has changed,” he said.

Now his company, Chanos & Co., now manages less than $200 million in assets, a steep drop from its peak of $6 billion in 2008.

His company’s fund is down 4% this year, in contrast to the 19% gain in the S&P 500 index, which includes dividends. In particular, Tesla shares are up about 90% this year, strengthening the EV maker’s market cap.

Chanos is known for his bear stance on Tesla and recently said the EV maker’s shares are “interestingly valued.”

Chanos, 65, acknowledges the market’s shift and plans to return most of his investor funds by the end of this year.

With the withdrawal of hedge funds, Chanos is unlikely to step away from the financial world altogether.

According to WSJ, he will focus on advisory and research services for selected customers and will also manage separate accounts.

His main concern now is short selling to high-priced data storage companies and real estate investment trusts that are thought to lose out on continued high interest rates.

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Petertil said

Don’t bet against what Elon Musk is doing…

This can be interpreted in many ways,

Technically, too

So is short selling of stocks

There are still people who claim that hydrogen is the best and electric cars are ruined…

It’s true that hydrogen is the best energy

It’s all over the universe, especially in the water…

The problem is, the efficiency of energy conversion is too low

It’s a free energy class like solar, so theoretically, it’s the best
It’s energy but

I’m still a long way short of technology

Elon Musk reads most of the papers
I chose an electric car while researching and developing it myself…

No one knows how much research this guy has read

I read thousands of times more than most university professors, and I still study and read in the field

In other words… If you read papers and read books

Elon Musk makes a short comment, and you can see how much knowledge there is in it

The battery-related data developed by LG Energy Solution is available
While watching…

Will Tesla be able to catch up? I was curious

Sk Innovation has been taking over technology

Elon Musk is studying by himself and making it by himself
Since you clearly understand, you are good at finding out who needs it and arranging personnel.

When I saw him take over Twitter
He claimed that the company was a mess. It was too expensive

And then we cut our staff by one-tenth

I lost some advertising companies

I turned into a surplus right away

I said I’m going to fail, but the company is doing better so far

I’ve never seen such a crazy manager shivering

Of course, we need to check the facts every time
(Because it’s dangerous to go crazy…)

Just by looking at some of these things, you can see how smart this guy is

I sat alone in the factory

I’ve been studying the universe
Make a rocket that’s more efficient than NASA

I’ve been working on NASA for hundreds of years…
No matter how many times it explodes, he never gave up and overcame it…

This guy is trying to push the electric car business
To keep hydrogen in check… You shouldn’t believe the nonsense.

If technology advances extensively one day
I’m sure everyone’s going to move on to hydrogen

Hydrogen, methane, and other free energy in the universe

The question is, can you write it efficiently now? I guess so

Investment costs or

From the perspective of researchers and professors who have to pay for research
I’m sure the person who tells the truth is annoying

understanding of how you feel

You’ll feel like you’re ignoring my major.