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> the only way this doesnt happen is if the original market was wrong about GME to the tune of 1000% The reason I used TSLA as an example is because this is pr
by slfnflctd 6y ago
> the only way this doesnt happen is if the original market was wrong about GME to the tune of 1000%
The reason I used TSLA as an example is because this is pretty close to what happened there! The future scenarios 'priced in' to that company now are several degrees beyond ludicrous. I don't think I'm missing the point at all, which to me is: massive swaths of the entire market are super irrational right now, and have been for a while, with no end in sight.
> no one, least of all me, can predict future stock prices
This seems more true to me today than it ever has been.
After all the shit I've seen happen with stocks in the past few years (2020 especially), things I used to consider impossible I no longer do. None of this makes any sense any more. I don't really have the stomach for it, honestly, the whole thing makes me nauseous. But if I want my meager savings to do anything other than lose value, I still have to try to evaluate what's going on to weigh my choices.
- kryogen1c 6y ago> massive swaths of the entire market are super irrational right now, and have been for a while, with no end in sight. good point. youre making me second guess myself, but i think in the end GME's case is just too extreme. it mightve been undervalued at $20, but i just dont see the volume of positions >$200 as defendable or profitable. even if the gamma drives the price bananas high today, the end result will just be an even larger crash at the end.