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If you're reading an article about the indicting the founder of a company and someone is posting on HN that it's a good time to short, then it's too late to sho
by yupper32 5y ago
If you're reading an article about the indicting the founder of a company and someone is posting on HN that it's a good time to short, then it's too late to short.
- renewiltord 5y agoInterestingly, if they had shorted it at the time they made the comment, they would currently be ahead.
- yupper32 5y agoAnd if the ball landed on black instead of red the last time I bet on roulette I'd also be ahead. Performance analysis like this after the fact doesn't really have any relevance unless there was some information missed.
- renewiltord 5y agoFurther reading on this in Adaptive Markets : Financial Evolution at the Speed of Thought. Has some theories around information flow and market participant behavior that permit edge to persist.
- rvz 5y agoWell 13 days later after calling my NKLA short position and closing 75% of my position [0] I now made more money after it fell below $10.00 on the 12th of August as of this comment. So it seems I'm the one leaving with profit after closing the remaining 25% of my short position while you sit their and watch. It turns out that I'm the one laughing all the way to the bank. [0] https://news.ycombinator.com/item?id=27996773 https://news.ycombinator.com/item?id=27996773 [1] https://news.ycombinator.com/item?id=28050958 https://news.ycombinator.com/item?id=28050958