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I make no comment at all on TSLA. Shorting a ponzi scheme in general isn't simply a bet that you have correctly identified that the scheme exists. It is a bet
by harry8 6y ago
I make no comment at all on TSLA.
Shorting a ponzi scheme in general isn't simply a bet that you have correctly identified that the scheme exists. It is a bet on /when/ the scheme will collapse.
Dotcom boom 1.0 was called a bubble (different name, same smell) by plenty of people who did their shirts on it. They were right. The valuations of all those dotcoms were ridiculous. I'm not sure many of those stocks are still around. Altavista, yahoo, bajizoobmalimba.com, walkyourdog.com etc etc.
Going long you can easily play the long game. "I'm not vindicated yet, but this is good, I can wait."
Going short is not a symmetric position the other way.