Taking a stock position in tesla is like going on a sea voyage that too on a stormy night.
You get tossed around violently, feel sick and occasionally curse yourself.
The last one year has seen it all — almost 5× returns, then a round trip, fresh money-raising and finally breaking through the 1000 mark!
Is it the musk magic or a promise of world-changing technology and products?
Time will tell.
Back home, the investment community abounds with the stories of terrific gains in stocks.
Some fascination with “going out of the business sale.”
Be it Hertz or JC Penney in USA or likes of Yes bank and Vodafone for us.
Despite apparent risks, people are happy making quick but small gains…its ultra-low prices or collective intelligence knows that there is going to be a business turnaround? Or is it the satisfaction of knowing about the capped losses?
Looks remarkably familiar to a lottery sale – the promise of quick effortless outsized gains but limited downside.
There is a rush to open stockbroking accounts. Whom all are jumping on the bandwagon…sophisticated traders or (clueless) retail investors?
Zerodha had done a study on the ownership of Yes Bank shares when they were caught in a downward spiral loop.
Now, take your pick.