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Yeah, the people who shorted TSLA in the past 18 months did pretty great. It remains a solid strategy.
by rootusrootus 3y ago
Yeah, the people who shorted TSLA in the past 18 months did pretty great. It remains a solid strategy.
- vardump 3y agoCherry picking dates can make any company look like an excellent short.
- rootusrootus 3y agoOkay. If you shorted it 24 months ago you are still ahead.
- brianwawok 3y agoNow do the math with 48 months
- seanmcdirmid 3y agoThis kind of info nugget is useful only for time travelers who can take advantage of it.
- typon 3y agoMade ~$10,000 from that bet last year. I was pretty pleased with myself.
- seanmcdirmid 3y agoWould you have made more if you were still holding that short position today?
- kelnos 3y agoGood work; you successfully managed to time the market. I'm sure there were many, many others who didn't make out so well. Now redo the calculation a bunch of times to account for all the other possible times you could have both opened and closed that short position, and see how many other times you would have turned a profit. Probably not in many of them. You got lucky. Contrary to some popular belief, lucky timing is not a generally-applicable investing strategy.
- typon 3y agoTotally agreed