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Millennials are buying Tesla like crazy, without any real financial understanding of the company. Hopefully they are not burned too much.
by _prototype_ 7y ago
Millennials are buying Tesla like crazy, without any real financial understanding of the company. Hopefully they are not burned too much.
- mardifoufs 7y agoYeah it is kind of worrying how hyped up the stock is because of the fantastic last 2 weeks. I 100% could understand "hype" investing in Tesla when it was under 350-400, since the brand is cool and they make a good product even if the fundamentals have always been shaky. But everyone needs to know that $TSLA reaching today's levels is NOT due to people wanting to buy it, it's mostly short positions being "forcibly" covered. But some people just seem to always invest after returns reach crazy high unsustainable returns, not before. I know a lot of people around me who went from penny stocks->crypto->weed stocks-> and now seem to talk about tsla a lot, never buying anything before it peaked. I don't know if there's a name for them
- quickthrowman 7y ago> I don’t know if there’s a name for them. There’s a few: bagholder, sucker, etc
- deleted 7y ago[deleted]
- monadic2 7y agoUhh, citation?
- xkjkls 7y agoLook at the most popular stock on RobinHood these days.