Dont try this at home. you will lose your shorts.

Society Business and Career
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This thread will be about which stock to short. In other words which stocks are overvalued.

I will start with Tesla motors, google and facebook.

Locally, short MEME

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Re: Dont try this at home. you will lose your shorts.

We are covering our short position on MEME. Activity has picked up. A new sword fighter is in town. And the Chuckster approves.

PS. Hope everyone has their shorts on.

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Re: Dont try this at home. you will lose your shorts.

tesla may be over-valued, but it is going to be overvalued for a long time (imho). and stands a good chance to be the face of the future of automobiling in the western world.

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Re: Dont try this at home. you will lose your shorts.

Good point. Wont dare to argue with Hreem Chamundaye.

Will check how each of the shorts have done so far.

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Re: Dont try this at home. you will lose your shorts.

March 9 was Sunday. So Friday mar 7 closing price compared to today mar 8 closing price.

Stock. Mar 7. Apr 8
Tesla. 246.2. 215.4. Down13%
Goog. 607. 555. Down 8.3%
FB. 69.8. 58.2. Down 17%

S&P500. 1878. 1852. Down 1.4%

So on average the shorter stocks down 9.4% in 1 month. While market down only 1.4%. We will take that

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Re: Dont try this at home. you will lose your shorts.

Note that today all 3 stocks up significantly. Else the shorts would have looked more better.

Tesla up 3.7% todsy
Google up 3.1%
FB up 2%.

Or 2.9 ho on average

Market up only 0.4% today.

So if that calf was done yesterday, the mkt outperformace woukd have been 2.5% better. Or 10.5% instead of 8%.