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"...if you believe in the court's ability to force Musk to buy Twitter, you should continue to buy up stock..." "If you don't believe he'll be forced to pay...
by mcguire 4y ago
"...if you believe in the court's ability to force Musk to buy Twitter, you should continue to buy up stock..."
"If you don't believe he'll be forced to pay..."
Those are two very different statements.
I absolutely believe the court can compel Elon to satisfy the contract he's gotten himself into. I don't necessarily believe the court will do so. Specific performance isn't a popular result in those courts, apparently. That being said,...
"...you should sell and/or short until it's at whatever you think the right market value for a stock of Twitter ought to be."
Yeah, no. If I thought like that, I'd have shorted Tesla long ago. I also know that "the market can remain irrational longer than you can remain solvent."