Reply to @wkwong : yea, but these guys r always 2 steps behind, late to the game.
Its quite mediocre to write a short thesis AFTER the share price has dropped from USD 239 to the current USD82.
And thats the main reason why Im leaving the table early.
Now, the tables have turned and thered be more and more folks clamouring on the short side.
Best to leave scraps on the table for them to fight it out.
Covered direct shorts for an easy $20k usd gain
Not too shabby considering I just short sold last Fri.
Calls would all very likely expire.
Reply to @garch : And actually.......
I'd point out to you that I'm really very consistent in my valuation, regardless of what the market assigns admist all the hype.
Back in June, when the share price was shooting through the roof everyday, I've already said the max valuation I'd assign is USD 55, and that's a generous 2x of what I think the company is worth, to account for the "animal spirits"
Since the animal spirits are now gone with a whimper, so halving that is reasonable.
The best thing to do is to make up your own mind about what's fair and logical, and regardless of what the market thinks, stay rooted and confident in your valuation.
I just had to share this.
Reply to @ThumbTackInvestor : Actually I stole it from someone else on twitter haha