Re:Tesla Q2 2019 Letter
by greglindahl on Wednesday July 24, 2019 @05:23PM
(#20519892)
Yes, if you pick the most embarrassing time period for a given stock, it probably massively under-performed. Alternately, you can pick the most flattering time period.
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It was a statement about a 5-year period in a stock issued just a few weeks longer than 9 years ago. Are you seriously making a cherry picking argument?
Re:Tesla Q2 2019 Letter
by greglindahl on Wednesday July 24, 2019 @07:13PM
(#20521054)
The period chosen misses a 10x run-up just before it.
Its under-performance over 2 and 5 years explains why it's been such a great short. Investors like Chanos have a basket of shorts so any one stock ripping up would hurt but wouldn't kill them. And the shorts ultimately let them be even more net-long the market.