Get this.... the brains trust who haven't forecast Afterpay or any other tech like Tesla or Amazon with any accuracy five years out, are selling it down because their totally inaccurate dcf models have a slightly higher discount rate...
The same brains trust who value Tesla as a car company or Afterpay as a bank... the same ppl who sold afterpay down because bnpl would be destroyed in a recession...
The same people who are selling FMG when it's on a 20%!? yield because the iron ore price must go down to match the price they forecast but that would still give a 10% yield at this price.... when we know they can't forecast iron ore because they never forecast prices this high in the first place.
You can't reason with people who have abandoned it.
You can only take the other side of the trade and drink their tears later.
