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That's how the current short-sellers have gotten themselves in trouble. They all thought that the stock was overvalued. It may be overvalued but there are enoug
by WheelsAtLarge 7y ago
That's how the current short-sellers have gotten themselves in trouble. They all thought that the stock was overvalued. It may be overvalued but there are enough buyers that are willing to bet that the stock can still go up.
This is a stock that gets traded on things other than current value or even future value.
This stock was at $215 less than 6 months ago. Wow....
- xkjkls 7y agoThe problem is that there really isn’t any data the stock trades on. Like — imagine if you were an insider trader. What number from inside the company would you consider the most valuable? Units sold? Revenue? I honestly wouldn’t even know what to ask that I could be certain would move the stock one way or the other.