We have all been there.
‘This stock deserves to collapse!’
And it keeps going higher. Or vice versa.
Airbnb is a good example. Reventure is showing real deterioration in the economics for many short-term rental owners: slowing demand, too much supply, falling property values and owners selling at losses.
Meanwhile Airbnb corporate is profitable, expanding into hotels, cars and the broader travel market—and ABNB is breaking out toward multi-year highs.
Airbnb hosts are getting screwed. Airbnb may be doing the screwing.
Both can be true.
You can hate a sector, CEO, company or business model and still be wrong about the stock.
Your analysis is a hypothesis. Price is the auction.
Don’t seek being right. Read what the market is actually doing via the charts.
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