3 ms·
On the contrary. I was not arrogant enough. The biggest winners were those who short sold Tesla, knowing that Elon would be forced to sell Tesla stock to affor
by dragontamer 3y ago
On the contrary. I was not arrogant enough.
The biggest winners were those who short sold Tesla, knowing that Elon would be forced to sell Tesla stock to afford a $44 Billion purchase (even if $13 Billion was covered in loans and maybe $9 Billion in handshake agreements with other investors like Saudis or Larry Ellison etc. Etc.)
If you short sold Tesla and bought TWTR in preparation for the buyout event, you'd have made even more money. Etc. Etc. And some people did do that.
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Anyway. AMC/APE was the more recent event a few weeks ago proving the illiterate stock market traders. It's happening again and again. Tons of opportunities exist if you have the ability to read, and comprehend, the public legal text. This is absolutely not a thing typical traders can do, the price fluctuations are proof of that.
I dunno what the next event will be, but I'm keeping my eyes open for easy money.
- nickpp 3y agoNot so easy money anymore after omnipresent AIs come into play.