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GOOGL is up like 25% over the last few weeks after they resolved the DoJ lawsuit about Search bundling. Clearly there were some investors who thought that was a
by Eridrus 1y ago
GOOGL is up like 25% over the last few weeks after they resolved the DoJ lawsuit about Search bundling. Clearly there were some investors who thought that was a material risk to the business.
Tesla is clearly a meme stock though, and an example of how the market can say irrational longer than you can stay solvent.
- supportengineer 1y agoI finally capitulated and bought a few shares of TSLA, shorting wasn't working.
- Yoric 1y agoSo you think it's going to raise further?
- ethbr1 1y agoNo, they were just scared of missing out.
- giveita 1y agoI stuck some money in Uber at 90 recently based on fundamentals. I might be wrong but at least I used a calculator to be wrong :) and will learn. It needs to beat Sp500 to be considered right.
- Retric 1y agoSaying it’s “right” based on outcome alone is like saying ~half the people in Vegas and betting on black made a good decision. You can win and still have made a poor decision. A better approach is to look at the full range of your bets and try and decide if the betting strategy was good. But that gets difficult when you consider outcomes are linked through wider economic trends.
- giveita 1y agoErr... that sounds like gambling sir
- Scoundreller 1y agoWait until you read about options!
- giveita 1y agoYeah "that'll go up" but now you have to know "when" and "when do I stop that bet".
- dgb23 1y agoThat's why passive index funds and a hands off approach are so often recommended. You cannot really mess up much by buying the whole market and then sitting on it long enough.
- dash2 1y agoUnless you buy the S&P 500 and like half of it is the Magnificent 7, partly driven to that proportion by meme stocks and options gambling.