Quote:
Originally Posted by BayMoWe335
Tesla can’t be compared to any company in terms of how overvalued it is relative to fundamentals.
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Speaking of fundamentals ....
Fun Wall Street Action:
For those not financially nerdy, a bunch of hedge fund guys decided that Gamestop was gonna go bankrupt because people buy video games online not on disc at stores like Gamestop; so, based on fundamentals, the hedge fund guys shorted Gamestop (i.e., borrowed a bunch of shares and sold them).
Well, the r/wsb decided that was a pile of shit so they piled into Gamestop incl using leverage & call options - the buy volume got so huge gamestop trading was stopped 9 times during the day and at least 1 of the hedge funds has needed a bailout in the billions (shorts have an unlimited downside unlike owning a stock).
Anyhoo, I think it's going to be awhile before "fundamentals" investing works.
