Re:Tesla to achieve leading $100/kWh battery cell cost this ...
by taneq on Thursday September 13, 2018 @12:33PM
(#17979921)
> If I am long on a stock I applaud the shorts. After all, if they are wrong, they have to buy back and drive up my price more.
You're right but I think a lot of hobby investors don't really get 'long on stock' - once they buy stock in a company they feel personally invested and want the price to go up, and damn the naysayers.
The only time this might not apply is when a company is taking a huge risk (like Tesla with the push for the Model 3) and there's a real chance that grassroots FUD could break a company.
If I am long on a stock I applaud the shorts. After all, if they are wrong, they have to buy back and drive up my price more. Also when a company is over-hyped or worse and outright fraud, short sellers can bring attention to this and slow the impending bust that is going to happen. I personally had shorted a lot of stocks in the past and they are almost all bankrupt now taking with them the sheer speculators that over extended themselves.