Comment on Is algorithmic trading making markets less efficient & gaming the system?parentComments−Eliezer17yIf the stock is underpriced, sure. But shorting overpriced stocks comes with a cost - what if the market gets even more irrational over the next few years?−_cbsz17yIf stocks are typically overpriced, I think you want to be in the business of IPOing.−eru17yCover your old shorts with new shorts.
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If the stock is underpriced, sure. But shorting overpriced stocks comes with a cost - what if the market gets even more irrational over the next few years?
If stocks are typically overpriced, I think you want to be in the business of IPOing.
Cover your old shorts with new shorts.