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Many stocks aren't grounded in reality. They're essentially Memecoins: Classic Edition™ now. Tesla barely even sells but the stock just won't go down. Boeing o
by forgotoldacc 2y ago
Many stocks aren't grounded in reality. They're essentially Memecoins: Classic Edition™ now.
Tesla barely even sells but the stock just won't go down. Boeing orders have fallen massively and they're posting massive losses each quarter, and management shows zero desire to improve the situation. But the stock has basically stabilized since the initial catastrophes.
- eru 2y agoWell, you can't have it both ways: Some people like to complain that the stock market is very short termist, and valuations never reflect what happens in the long term. And here you complain that the stock market doesn't focus solely on short term pain, but is looking to some potential futures.
- IsTom 2y agoI wouldn't call Tesla's and especially Boeing's problems "short term".
- eru 2y agoIn that case, please feel free to short their stock, and make lots of money. If you are afraid of the potentially unlimited downside to a short, you can buy an out of the money call option as an insurance. Or instead of shorting directly and insuring that, you can also buy a put option, which gives you the right to sell the stock at a specific price.