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This one was easy though. Practically everyone was looking around while the pandemic stock market was exploding, realizing that it didn't make sense. For me,
by mywittyname 4y ago
This one was easy though. Practically everyone was looking around while the pandemic stock market was exploding, realizing that it didn't make sense.
For me, Tesla was the flashing red sign, it's market cap was something close to that of the entire auto industry combined. I had a big expense coming up this year, so I went ahead and sold a bunch of stock in January.
- chasebank 4y agoYa but it hasn't made sense for years. Which is why you can't time it. You just got lucky. Tesla didn't make sense when it was $250/share prior to the stock split. Look where shorting got you.
- Aunche 4y agoSelling a stock that you think is obviously overvalued isn't "timing the market." You're just applying market fundamentals. Timing the market would be shorting a bunch of Tesla.