Shorts losing money in $W is sad and I wish it didn’t happen. But the market is under no obligation to behave how we believe it ought to.
Markets are metagame heavy.
Even if you’re right, you can still be wrong. Not just in the short term, either. Possibly permanently.
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Just looks like massive short covering.
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That is possible but value absolutely can change that much, that quickly. "Value" is only kind of real.
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to figure out that with all their brick & mortar customers shut down + people working from home, that Wayfair was going to get a monster share of those revenues. And you could see this from watching Google Trends (https://trends.google.com/trends/explore?q=%2Fm%2F02x44_z&geo=US …) Nov 2019 used to be 100, now it’s 63. /n
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Excellent point on sequencing risk.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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