2 ms·
I think you bring up an very valid point. In the Tesla forums I see posts from only one person making money over shorting Tesla stock. He works on making $10-
by ecpottinger 5y ago
I think you bring up an very valid point. In the Tesla forums I see posts from only one person making money over shorting Tesla stock. He works on making $10-$50 a share whenever the stock falls and then he makes money as a long when the stock goes up. Over time he has made a lot of money. He is not greedy, he is steady.
On the other-hand, I see tons of people gleefully saying how much they hate Elon and because of him Tesla is going to collapse and as soon as that happens they will make a ton of money. I keep asking them to post when they make this windfall, well it has been over five years for me and so far not one of them have come back to tell how much money they have made. Greed seems to be blinding them to how much their approach is failing.
The rational player has been making money for years, the ones who seem to be basing their investments on emotion have never come back to say they made any money.
PS. I am a long, I bought Tesla stock at $189 pre-split, even at today's lower prices each share now represents $2825, it has to fall a lot for me to be taking a loss.