I am long see-saws and rubber bands.
Saw that quote... Awesome
It's good volatility only if it reflects unanticipated repricing to a newly-formed, reasonable, assessment of long-term future cash flow. I.e. new substantive facts affecting perceived long-term value.This was not that, IMHO.
I was being sarcastic...
I am long see-saws and rubber bands.
ReplyDeleteSaw that quote... Awesome
ReplyDeleteIt's good volatility only if it reflects unanticipated repricing to a newly-formed, reasonable, assessment of long-term future cash flow. I.e. new substantive facts affecting perceived long-term value.
ReplyDeleteThis was not that, IMHO.
I was being sarcastic...
ReplyDelete