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If you could short Tesla at a price of $135,000 per share, would you do it? I sure as hell would, and it has nothing whatsoever to do with my feelings about Tes
by damoncali 14y ago
If you could short Tesla at a price of $135,000 per share, would you do it? I sure as hell would, and it has nothing whatsoever to do with my feelings about Tesla's business, except that it's not worth $135,000 per share today.
- lutusp 14y agoAll right, but the "real" value of a stock is just one factor. Another one is the well-documented tendency of the public to be swept up in fervor for a company and an equity for reasons other than true value. That's another horse to ride.
- damoncali 14y agoIndeed. You buy when you think the the company undervalued and sell when you think it is overvalued. The order in which you do that is irrelevant and signals no emotion.