Reddit's Stock Threads Become a Must-Read on Wall Street

Re:Reddit's Stock Threads Become a Must-Read on Wall Street by whimsicalism on Sunday October 11, 2020 @03:14PM (#24748241)

> Unless the market can remain bored longer than institutional investors can remain solvent...

Don't let nit-picky facts like that institutional investors control substantially more capital than retail investors get in the way of a good narrative.

[ Parent | on HN ]

Re:Reddit's Stock Threads Become a Must-Read on Wall Street by dralley on Sunday October 11, 2020 @08:52PM (#24750454)

Tell that to all of the institutional investors that have lost money shorting Tesla.

No, there is no good reason for Tesla to be valued the way it is - but there is no shortage of people willing to buy it without putting too much thought into the price, either.

[ Parent | on HN ]

Re:Reddit's Stock Threads Become a Must-Read on Wall Street by marketgod on Sunday October 11, 2020 @09:22PM (#24750603)

Tons of good reasons. My model says $TSLA should be $1,000 a share and is undervalued. It should be there for March and even earlier. $5,000 in a decade.

[ Parent | on HN ]

Re:Reddit's Stock Threads Become a Must-Read on Wall Street by apexalpha on Monday October 12, 2020 @02:52AM (#24752045)

haha, are you on the wrong site?

[ Parent | on HN ]