this post was submitted on 24 Feb 2024
1021 points (98.9% liked)
Technology
59600 readers
4952 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Dont theu just want it to crash hard so they can then buy into it at a cheaper rate.
Why would the price go up?
The only way to make money is sell comments to AI developers, and users hate that.
It's completely unprofitable and the days of throwing tech bro money into bottomless pits is over
You buy a put option and if it tanks, you sell the put and profit. Doesn't mean you actually end up with stock in the end. And why would you if you expect it to continue downward? Buying a long position is making the assumption that a stock is undervalued, and I guarantee you, if that stock goes down 90% it'll still be overvalued.
Like how they did Robinhood stock right