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.
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.
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.