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Old 01-23-2020, 06:02 PM   #12 (permalink)
redpoint5
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The problem is that the market isn't rational, or at least not in a way that can be distilled into actionable buy/sell actions. It's also a zero sum game, because nothing of value is being created.

I told a friend to sell their BitCoin back when it had "peaked" at $70. Seems like bad advice in retrospect after it hit $14k or so.

Evaluating the worth of a company based on stock value doesn't seem reasonable. If everyone wanted to cash out their Tesla stock at the same time, the value would approach zero since the supply of stock would be huge, and the demand small.

I'll consider Tesla the largest automotive company when it delivers the most units in a year, or at least has the largest gross revenue from sales.
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