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Your perspective is interesting. But I think it weakens your argument to claim you would short these stocks in theory, but actually won't. The market price is d
by othermaciej 16y ago
Your perspective is interesting. But I think it weakens your argument to claim you would short these stocks in theory, but actually won't. The market price is determined by people who are confident enough in their beliefs to act on them. And those people collectively seem to think market-cap-weighted bundle of AAPL, MSFT, GOOG and RIMM is a good bet. If you are not confident enough to act, then that significantly discounts the evidentiary value of your opinion.
- danssig 16y agoHe may not have the assets to act in any meaningful way.
- Silhouette 16y agoThink of it as a figure of speech. I don't believe the current path taken by those companies is sustainable if they come up against well-considered competition. Also, please don't read too much into my not investing in this particular case. For one thing, I'm not in the US, and for me trading US stocks directly and in a tax-efficient way would require jumping through hoops that just aren't worth the hassle.