John Peterson Challenge – Update

OK, 8 data points are in on the John Peterson Challenge, and I sure hope you didn’t bet with John. To refresh your memory, On 4/7 John wrote a Seeking Alpha article where he indicated if you invested in TSLA, you would make money 1 time out of 64, break even 1 time out of 64, and lose money 62 times out of 64. In the comments section I asked John to pick 64 data points for verification, and when he didn’t respond, I chose 64 being the next 4 Mondays of April and the first Monday of every month from May 2014 until April of 2019. Well, as of today we have 8 data points, with the reference TSLA value being the close on 4/7/14 of 207.52. Here’s the data to date:

Close on 4/7: 207.52

Close on 4/8: 215.46 Gain: +7.94 TSLA wins

Close on 4/14: 198.09 Loss: -9.43 JP wins

Close on 4/21: 204.38 Loss: -3.14 JP wins

Close on 4/28: 198.51 Loss: -9.01 JP wins

Close on 5/5: 216.61 Gain: +9.09 TSLA wins

Close on 6/2: 204.70 Loss: -2.82 JP wins

Close on 7/7: 222.66 Gain: +15.14 TSLA wins

Close on 8/4: 238.52 Gain 31.00 TSLA wins

So TSLA wins 4 and JP wins 4. Wouldn’t be bad for JP except for two things – he said he’d win 62 of 64 times (oops) and as of today, he’s $31 in the hole (oopsx2). I hope none of you invested with him. BTW, John edited out the section of that article where he said TSLA would lose money 62 of 64 times. Hmmmm…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s