bilbot79 wrote: » https://www.reuters.com/article/us-health-coronavirus-usa-airlines-progr-idUSKCN21S1Y7?utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook Might bail in to aal, delta etc on monday
hobie21 wrote: » With the recent bump on stock prices I am thinking of doing some shorting. With the stimulus measures out of the way I'd expect a slew of negative earnings reports. The two stocks I am looking at are TSLA and Softbank Corp. I don't think consumers will be looking to make any big purchases any time soon and the new TSLA truck is a bit of a monstrosity. Softbank CEO seems to be in a bit of trouble and has to pledge his shares in Softbank to the banks that lent the group money for WeWork and Oyo. The value of these assets were grossly overestimated....thoughts please before I pull the trigger.
ELM327 wrote: » NEVER SHORT TSLA That is the day 1, lesson 1, of trading 101.
Shedite27 wrote: » Agree, JMMCapital, have a read of this Irish investors experience
hobie21 wrote: » And Softbank?
Kilboor wrote: » What do you hope to gain from shorting Tesla now? Do you believe they will fall soon or over the long term? If it's the latter I would advise against it. When we strip looking at your astrological sign and the price of a gold nugget from Kazakhstan affecting worldwide rare mineral prices, we can understand the true value of a company and that's their output. Tesla have an extremely good product that is loved by consumers, I've driven one, they're great. I always follow the rule of investing in products I like and that people like, Tesla are definitely one of them.
hobie21 wrote: » Just wrote a really long response but closed browser window before posting. Dammit. Anyway I managed to convince myself.
all about the mane wrote: » Tesla may be the new Apple.
hobie21 wrote: » I'll summerise the points. 1. Recession. Fewer customers buying cars (esp Chinese market 50% drop already) 2. The truck. What an ugly machine. 3. Cash burn, new factories in early stages in Germany China. 4. P/E of 50. Plan is short at 570 and get out at 250.
Timmaay wrote: » OK 250 is your target, what's your stop loss? Just to warn you if you say you don't have one your going to look like an absolute idiot. The problem with shorting Tesla is despite all the fundamentals saying its overvalued there is a massive fan base all of whom are willing to drive on the share price with the dreams of it being the next apple etc, I'd bet it would see 900 again sooner than it would see 250.
JMMCapital wrote: » Yup, specially with the likes of Ron Baron,Cathie Wood and that so called "reformed" broker guy pumping it full time on CNBC I can't believe people actually listen to them fools bunch of sheep. It's exactly hype by retail investors that's driving it as Chanos said.
StockTwat29 wrote: » That reformed broker guy is very good, works for Ritholtz mgmt, they have a load of blogs, all very good, really like of dollars and data
Mad_maxx wrote: » Josh Brown ?
JMMCapital wrote: » You're joking right?
greenfield21 wrote: » CNBC and r/wallstreetbets are great for anyone learning to invest.such a wealth of information on there.We are so lucky to have them.
Jim2007 wrote: » Probably not, unfortunately... but at least I now understand where some of his other come from - CNBC (the Fox News of the business world).
