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I don’t like clickbait titles like this. > short interest has grown 234% If the original interest was 1% of the float and now it’s 234% grown, it is still an
by darth_avocado 5y ago
I don’t like clickbait titles like this.
> short interest has grown 234%
If the original interest was 1% of the float and now it’s 234% grown, it is still an insignificant number. You’ll always see about 5% short interest in the healthiest of the companies, it’s when it starts going nuts like amc when you pay attention.
- mettamage 5y agoI once made a 20x return (I bought Cardano for fun in 2018). On $33. That's still $666. But if it was $1000, it'd have been $20000. So there's that.
- CyberDildonics 5y agoWhat does this have to do with the current thread?
- kbenson 5y agoIt points out that percentage of growth is a valid and useful metric depending on the situation. As root comment noted, it doesn't matter much if it was very small, but that's not always the case. Additionally, absolute numbers aren't always useful for similar reasons, but affecting the opposite spectrum. A headline might note something has risen by billions, but if that amounts to growing by 5%, is that really any better of a way to represent things than growing a large percentage on a small amount?
- mettamage 5y agoThis is the point indeed. I once doubled my revenue one day, it went from $2 to $4. You think I joke but I was a kid back then. As a kid it was actually quite meaningful to double that particular amount. Now I wouldn't care about having a 100% return on $2. Perhaps if there's a principle behind it that's interesting I might care, but I wouldn't care much about the money made. But having 100% return on $2 million. Well, let's just say I'd care.
- alimbada 5y agoIt's WCCFTech. They're well known for clickbait.
- ksec 5y agoWhile WCCFtech has gotten quite a bit better after all the bashing from 2016. It is still no where near good enough to be on HN.