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mullingitover
4 months ago
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Tesla sales crash continues in Europe, with German...
The market is currently valuing it on what it thinks other investors in the market will value it at.
It's a class in the Greater Fool Theory of investing, writ large.
toomuchtodo
4 months ago
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What do you think it would take to create a cascading loss of confidence in the security?
jimnotgym
4 months ago
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parent
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Time
throwaway48476
4 months ago
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root
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Time and bad results. That said the market can stay irrational longer than you can stay solvent.
jimnotgym
4 months ago
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root
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I think you are right. A minor shock in share price from a bad profit announcement will cause certain traders to have to sell to stop the loss getting worse, probably by an automated stop-loss order. This will start a chain reaction.
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It's a class in the Greater Fool Theory of investing, writ large.