Quote:
Originally Posted by L-Pink
"I decided there was a similar opportunity to short shares of Tesla Motors. I've supported some of their more virtuous pursuits, and the Tesla Model S is a superb product. But I think Tesla will be unprofitable for years to come, and has morphed into a glamor firm — one where people gleefully invest in the promise of a company's mission and personality of its CEO rather than its actual financial performance"
https://autos.yahoo.com/blogs/motora...211558551.html |
dude.
whoever wrote that drivel doesnt know shit. nobody intelligent recommends a short of ANYTHING on a LONG TERM fundamental basis. even if the strategy is to short radio shack or sears, you dont do that with a multiyear time horizon. you do that when the writing is on the wall. i thought i should short sears 20 years ago. id still be waiting for a profit.
just as a general rule, the maximum profit on a short is 100%, while the maximum profit on a long is unlimited. so any long term strategy should be long, never short.
shorting is strictly a short term trade, a speculation, never an investment. so the writer of that article is clueless. its no wonder he's writing articles on yahoo instead of having a real finance job.
