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.
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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.
Good luck then. I personally just don't buy into the whole stock market thing, mainly because it's more fun to watch and I just don't have the capital to throw around like that on positions that if backfired would drain me out.
I have the same feeling about GME. It's exciting, but I could never get involved. It's so volatile that even a small position on it could equal 80-90% loss of capital.
2x$200 is my collateral and it's set to close the position on each when it reaches -$20.
We'll see what happens. I just hate them, so if I make money off their BS I'll be happy.
Shorts have a very limited gain, and as we've seen with GME, UNLIMITED LOSS. And then put the small-hats into the mix, and things will find some way to be rigged against you.
I have a automatic close at -10% on each position, I'm not a retarded hedgie.
I'm aware of that risk, I thought about it for a while, but I can't see an attempt to short squeeze on AZN right at the open. Seems very high risk, considering both sides of the equation are filled with speculators and if it goes wrong, you're stuck with a way overvalued stock that no one will ever buy at that price.
I wouldn't be surprised if it opened with me taking the loss instantly at 10-20%, but I'm not expecting anything crazy to happen. I have got the capital to cover it, even if everyone goes full lunatic and it opens at double the price.
I wanted to short Twitter a while back, when it was originally bloated at ~$40. It dropped all the way down to ~$15, but I don't invest on margin and so didn't capitalize on it.
Are you doing this in an IRA account? It doesn't sound like you're investing much money, but you can't take advantage of capital gains tax unless you hold onto positions for 12 months or something like that; depending on your income bracket, that might be bad.
$40 for Twitter? Women's hatred platform that isn't worth shit unless it's being manipulated and the advertiser value for Twitter must be hilariously low considering the whole power user thing where 10% of the users make 80 or so percent of the tweets. Only reason it's worth anything is because the people who buy premade tech portfolios get TWTR as part of it.
Still don't quite understand how they made a profit, considering how worthless the platform is. Even Epic stopped buying ads, and they buy ads on everything.
I'm fine financially. I don't want to disclose too much of how I have things set up personally, because who knows if that's a way to dox me, but I have full understanding of the taxes, risks etc involved.
They didn't back when I was considering it. Don't know about their financials now, but it's all a scam. Almost at $70 now, ROFL.
I'm heavily into EVs and February was a really, really bad month for growth stocks. Apparently the worst since the Dot Com bust. They'll recover, but I have to roll my eyes at TWTR outperforming - strike price wise - my entire portfolio atm. That'll correct itself long-term for sure, but is annoying.
Got it. Echo your same sentiments about WSBets btw, there's no point in visiting it. For a while it was just being spammed by a few users for some Matrix chat room, think it got cut down on, but either the experience was lackluster.
Yeah, I genuinely think that's because they're lumped into big tech portfolios on places like eToro. Maybe there's something about Twitter that I don't understand because I hate it so much, but I can't see a single reason why it's worth $70 unless there's some weird kickbacks to Dorsey from globalists going on.
I never went on EVs. I thought Tesla was overvalued and the whole hype around NIO was a little odd. Also, I can't stand the climate cult and helping them indirectly doesn't sound fun to me. It's weird how playing politics with my investments has actually worked out.
My portfolio is based around diversification with a slight banking focus (banks seem like a safe bet with all this uncertainty. Of course, inflation could cripple them, but at that point your profit is worthless too.) but also avoiding companies I hated like Google or Netflix which insulated me quite well from their value collapse. I only really took losses on Microsoft, and I was happy to hold it anyway because I truly believe it to be undervalued even at the pre-drop price. I actually bought a little more when it went down last time.
Only thing that really burned me recently was selling bitcoin at 52k..then it went to 56. I got a profit, but crypto just doesn't work with my style of investment, erring on the side of caution with it just ruins your profits. I'll probably jump back in at the next crash and make a mediocre profit again because I jumped out too early on the rebound. Can't tell if I'm a good investor for closing out up, or a bad one for closing out way too soon.
IMO NIO is the real deal, and I'm hedging most of my IRA on it playing out as such over the next 4 years. Chinese market is massive and they might be profitable by EOY. Getting to the next level after that might be hard, but they have a lot of tech.
Unfortunately, I pretty much hate most companies so I can't apply principles. Wall Street is a dirty, filthy place that saps all morals. All most can hope for is to come out of it well enough to retire early, never mind the debris.
You're doing fine, though I don't have the stomach for crypto. As long as you aren't putting up loses or bleeding on margin, that makes you a wise investor. Compare this to me missing out on cashing out on Fisker's post-Foxconn bump...got a bit too greedy, it didn't make the jump to where it should have, and my potential gains got completely ruined by a mostly Red February. Now I'm waiting for it to go back to its peak so I can offload the warrants and shares and engage in dirty profit-taking games.
I hope it works out, but in my opinion, it's very overhyped by people who missed out on Tesla and are looking for the next one. Maybe I'm just cynical, or even just influenced by my dislike of EVs in the first place.
Yeah, I still have some stocks from companies I don't particularly love (Tencent is probably the best example. I bought it because of the future value, not because of my well known support for Epic Games, which they partially own. Probably should have dumped it on Thursday though, considering the rumors about regulations in China hitting Tencent hard.) but I try to avoid the companies that I genuinely hate. Principles probably made me lose out on gains, but I'm happy with my positions.
I'm sure it will return to peak soon, especially with all the stimulus checks going into the market soon. Those low-info investors will 100% go EV + Pharma + Tech because they think that's the best way to make fast gains.
I have a question, how volatile is the stock market? Judging by this statement even stuff like rumors can make it lose value. Does this mean you have to keep up with the news of all the companies you own stocks of? And how do you keep up with all these news? Do you use something like google news or you look for stuff about that particular company/industry and the countries they are located in?
Depends if it's a growth or value stock. Tencent is very much a growth stock, it's Chinese Big Tech. That means the value of it is based in the future, rather than now, so rumors affect the price significantly.
You do have to try and keep up with the news of the stocks you own. I usually just bing search the companies before their market open, nothing too crazy. Sometimes I miss things, but as I'm boycotting the FT, WSJ and MarketWatch for being woke, I can accept that.
There would be a big public perception issue if there were a major problem with a vaccine.
But the current issues are nowhere near that level.
They are distributing the vaccine at cost - so no profit for them. For many of the pharmas, have had grants from govs to increase capacity, and in general, the vaccines are proving to be a massive PR win for them - the pandemic has been fantastic for them, and I don't see that changing in the short term.
10s of millions of doses have been given already. The only issues that rise above common side effects are blood clots, which can't be statistically linked to the vaccine, and anaphylaxis, which is a known risk in some people and can be treated if it happens; I don't think AZN is at risk.
The current worry around blood clots doesn't make sense. Blood clots happen at a rate in the general population of about 100/million people per month. So a handful of people getting a blood clot isn't a surprise given the number of vaccines. It doesn't make sense why some countries have banned it, and unless some other evidence comes out, I think they'll reverse shortly.
Full disclosure: I'm in favour of the vaccine and think the majority give excellent protection for minimal side effects, and I think everyone should get it when offered :)
Curious if you have a source for this? I've seen reports of a fairly low cost (e.g. $15-$25 per dose paid by the govt.) as well as reports of the government having funded a lot of the research. Just not that they are actually distributing them at their cost and making no profit.
Not trying to be a Redditor turd with the "sauce plz" thing, just trying to educate myself.
A fair request. There are a few articles, but the best I’ve found is the BBC: COVID Vaccines: Will drug companies make bumper profits?
Don't have any healthcare stock at the moment. I know I held Pfizer for a year or two but I think that was 2016 or 2017. I looked at some of them earlier this year and it's really odd, you'd expect that selling millions of vaccines to the government at probably ridiculous prices would drive the price up and it's been relatively flat and the earnings expectations don't look all that special. If I had to guess the only way you make out well with yours is if a lot more governments start banning or it gets out that people are dying at a huge rate.
But hey, even someone like myself that's less of a risktaker and more of a value finder with stocks makes weird bets from time to time. I bought some Roblox stock this week of all things. I have some Nokia too, that's a WSB thing still I think.
I have a $50 position in Pfizer. It's my smallest position, but I'm at least going to get some of the gains if it rockets up.
I think the reason the stock doesn't go up as much as you'd expect is because Covid vaccines are supposed to be a one-off thing and investors will treat it as it being a one-off cash injection, which limits the value those sales have in terms of stock price.
I thought about Roblox stock, but honestly it's kind of a meme stock in my opinion. I don't think it has the growth potential people think it does, it'll hit a hard wall like all the other fads. (Fortnite, Call of Duty Warzone, Apex Legends etc.)
So maybe when they announce you have to get an annual Covid vaccine (100% convinced that's coming) then it will go up. Maybe should one of the vaccines on my watch list. It won't be AstraZeneca anyway.
I could be skewed by most my my young cousins and nephews all being in the Roblox age group and it seems to have stuck really well in the 5-10 age group. They grow out of it and move on, but it will be telling if kids that hit that age keep picking it up. I think it's still the smallest position I have outside of a few tiny options. Maybe it will jump 25% at which time I'll be happy and drop it.
I'm also convinced that will happen. The markets aren't though, interestingly. I don't want to lead you into a bad investment, but Johnson and Johnson looks by far the strongest case for a yearly vaccine. One shot, can be kept at refrigerator temp, side effects appear uncommon as far as I can tell. It's already rising though, I think buying at a dip would be the only way I would recommend jumping in. It's going to get overvalued by speculators.
Possibly. I don't know anyone who plays Roblox so I was looking at it from the view of "would this be the next massive hit with staying power like Minecraft, or a sort of fad that peaks and then drops off with only the real fans sticking around, like Fortnite." I see it as more of the latter. Definitely dump if you see profit above 15%. The opportunity cost of you not getting the profit of it going higher is not worth the risk of holding a stock like that one. The free to play games market is very fickle and has little loyalty beyond the whales held there by sunk cost.
All opinions are my own of course and I'm not claiming to be an expert.