### Comment:
You'd be looking like a god damned genius if you purchased these convertible bonds back in Q4 2018.   
  
 Assuming that TSLA is as always volatile as it has been, the appropriate play would be to short these bonds now. (buy the convertible, use that asset as collateral and when the stock price drops, convert the bond to meet the margin call/assignment?)

### REPLY:
No one, even the Fed itself, expected 3 rate cuts in 2019. We all assumed rate would be well above 3% at eoy 2019

### END.