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Tesla stock skyrockets after legendary short seller goes long
- Bombthecat 8y agoThere is something very wrong with stocks if one guys optinion moves the market like that... He could be wrong for example...
- beatgammit 8y agoEh, short term stock movements are mostly based on emotion, though not as bad as Bitcoin. Longer term, the market averages toward the true value of the company. I don't trade over the short term because I don't know what the hive mind will do, but I can do longer term analysis. I anticipate that Tesla will likely revert a bit over the week as short-term opportunists drop out.
- stevewodil 8y agoCitron Research has a lot of market clout due to being correct a lot of the time. I see no reason why people wouldn't follow the things that are said by them
- Sohcahtoa82 8y agoThe problem becomes that when someone is worshiped for their stock picking ability, they basically guide the market and can create self-fulfilling prophecies.
- sieabahlpark 8y agoMarket hysteria is a thing. The people who trust the investor will buy/sell and the panic from the sudden influx causes a greater fluctuation. It's essentially chaotic but it's not unreasonable. If the stock market were predictable there would be no money to be made.