saw a company trading at a valuation that made zero fundamental sense. none. by every metric I learned it should've been way lower, so I shorted it through my margin account, confident as anything. easy money, I thought. the market will come to its senses.
I forgot that fundamentals mean absolutely nothing to a coordinated retail crowd with a Reddit account and nothing better to do that week. squeeze happened. shorts got run over, me included, and I covered at a loss that genuinely still makes my stomach hurt a little typing this.
and here's the kicker. the stock still makes zero fundamental sense today. still overvalued. I was completely right about the company. being right eventually does not do a single thing for a margin account getting liquidated in the moment. the market can stay dumb longer than I can stay solvent, turns out