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So Tesla's stock is rallying, despite more bad news about the company's profitability and overall standing.
Investors often seem like another species. Their thought processes make no sense to me.
@RationalLeft buy low, sell high. of course they're starting to buy
much of what Musk does is actually manipulation of the stock markets, for his own benefit
@RationalLeft Meh...rally? [waffles hand] It's up $6 from earlier this week.
...off last January's high of $383, it's going for $119 now.
@McMarkerson Yes, it's only a rally in a limited sense. Perhaps the "dead cat bounce" Wall St analysts talk about.
@RationalLeft It's relatively cheap now, so they're buying. Some of them are likely hoping to mitigate their losses by making some profit as it rises on these sales.