> There's no reason to assume Twitter shares can't reach the same levels ever ag... | Hacker News

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		jasonhansel on April 14, 2022 \| parent \| context \| favorite \| on: Elon Musk makes $43B unsolicited bid to take Twitt... > There's no reason to assume Twitter shares can't reach the same levels ever again If there was a strong reason to think that Twitter shares would soon be worth $70 again, wouldn't they already be trading at that price?

shrimpx on April 15, 2022 [–]

Depends on your definition of “soon”. In a volatile market like the current one, tons of people sell stock in the short term despite believing the long term outlook is good. The simplest reason is to go into cash to avoid the worst of the downturn.

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