Hacker News new | past | comments | ask | show | jobs | submit login

They'll all be caught by surprise and lose their shirts when Symantec releases their financials next quarter and the stock tanks. The market is full of ignorant people.



Just remember that the market can afford to be wrong longer than you can afford to bet against it.


Usually I agree, but SYMC is at an all time high and trading at 40x price per earnings. The price already implies a massive bet on increased profits, but there is no way that is going to happen.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: