| I am not a fan of public figures (seemingly) using their power to attempt to influence price movement in equities. The market action following someone like Elon Musk’s tweets about $GME, DOGE, and others, show high correlation with the sentiment in those tweets, at least from my armchair. Sure, Burry was correct in a similar scenario before. I don’t believe that means others should immediately believe/trust and follow individuals like this to the end of the earth, however. Shorting a stock is a very different - and far more risky - investment “strategy” than the purchasing of a stock. I should know, I lost 2 months of gains on a single short over a 3 day period, despite all market intelligence, facts, and the logic which follows, pointing to the fact which the stock should have bottomed, not skyrocketed. Despite most of its participants being relatively predictable, the market never ceases to surprise. Headlines like this should at least lead to an article with a highly visible notice or disclaimer about the risks of mimicking the mentioned behavior. Edit: I see I am being downvoted without discussion. I’m open to learning what I may have missed. |