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To me, short sellers are like undertakers. No body wants to be one when they grow up. That said, were I in your shoes, I'd spend a lot of time studying the the
by 11thEarlOfMar 6y ago
To me, short sellers are like undertakers. No body wants to be one when they grow up.
That said, were I in your shoes, I'd spend a lot of time studying the theses of the shorts that have both profited and been buried by TSLA over the last 5 years. Tesla was savaged by them and endured one highlighted, publicized flaw after another. They are even well known and called into Tesla's quarterly calls, looking for responses they could use against the stock. If you're a player you might be able to get them on the phone and ask what did and didn't work.
I've been long TSLA for 8 years. I can't tell you how many times I've said to my wife, 'we really should sell some now'. I said it at $100, $250, $500, and now $700. We still haven't sold.
It's not rational, but even irrational behavior can have an explanation. 2020 was a hopeless year. Tesla, and it's older brother SpaceX, both engender hope and point to a better future. Maybe people need to buy in as a way to get through this time.
- dwaltrip 6y agoFor goodness sake, take some damn profit! Sell 15%, 30%, or 50% -- whatever you want. It will be good for you and you will feel better after you do it :) It's good mental training to be able to sell a piece of your holdings. You will still have skin in the game. You can still still keep tabs on new developments. But you will also have a more balanced portfolio.