Bhai, shares of the electric car-maker Tesla have risen more then 270% this year. This is just too much too fast. Do you guys think this is just because of so called Robin-hood retail traders investing the money given by trump, or if it is being fueled by institutional buying etc?
Remember, Amazon stock also sky rocketed like this earlier, but somehow it is still surviving the high prices!
Remember, Amazon stock also sky rocketed like this earlier, but somehow it is still surviving the high prices!
The rally started by them, but its now fueling itself, remember that in past few years 'quant' or 'momentum trading' funds became fancy... they can't stop investing in likes of amazon and tesla bcos charts are giving them buy signals. Something similar was happening in Indian market before crash too. many stocks had very high PE and reasons were given that market is looking at 2-3 years in future!!