Can you make profit off investing in the downfall of a company you hate? I guess I'll find out on Monday. First time I've ever shorted, so I have a -10% stop on it.
$200 on the ADR and $200 on AZN. Wish me luck!
Not meant to be a flex or anything.
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (28)
sorted by:
That's a short short. I dunno. Just because they've got an issue in their vax doesn't mean it isn't being wildly distributed (and thus sold for profit) all over the world. Astra falling would be a long-term situation if it gets brought to court or scientifically proven to be harmful, which isn't something that is done in short timespans.
Good luck with it, for sure, but I'm not seeing the short being successful from an economist's point of view, their demand and supply are both quite high, and their risks are offset both by the massive existing sales, and most countries right now actually have laws against suing them if the vaccine kills their grandma (WHY they have those laws if it is perfectly safe I have no clue, but I know most western countries do).
Well, I'm willing to hold it as long as necessary, as long as it doesn't hit the stop. Made big $$ on Palantir, as well as dumping Juventus stock right before it plummeted. (Dumping it for their Women's Day support saved me from what would have been my biggest ever loss.)
My theory is that most of the stockholders will dump on Monday open out of worry, because they need to avoid losses. I get the feeling most of them right now are speculators thinking pharma equals big wins because Covid.
I don't really care if I win or lose, it would just be really satisfying to make money off the downfall of a company I absolutely despise.
It is possible there will be a dip due to panic-sale bad news, true. Best of luck with it.