Comment by whall6
19 hours ago
It’s a great question. It’s a rational line of thought. However, the market can stay irrational longer than you can stay solvent (if you were planning to go the opposite way).
19 hours ago
It’s a great question. It’s a rational line of thought. However, the market can stay irrational longer than you can stay solvent (if you were planning to go the opposite way).
Oh I'm certainly not betting against them in the short run. I mean people are out here buying Tesla and SpaceX still.
In a world where most stocks don't pay dividends, rationality is kind of out the window. As long as these companies don't go outright bankrupt, or have to sell a bunch of new equity to stay solvent (and therefore dilute existing shares) there's no actual monetary consequence of a company doing good or bad. It's literally just going on vibes
Honestly, in a company that isn't returning capital to shareholders, I don't see the point if it's a company that isn't somehow subject to a potential acquisition. If you don't have a path to monetize your stake, why buy it? These days, just vibes. TSLA and SPCX might as well just be another crypto like Bitcoin