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:
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.
looked up growth stocks online. Seems like they are stocks that have a higher growth rate than the market average. Is the Chinese Tech Industry doing well to have such high growth?
So how are value stocks unaffected by rumors? The way I am thinking, rumors should affect a company regardless of what type of stocks they have.
Wow, you really put your money where your mouth is. If I were you, I would have just used them for finance and ignore the rest.
Are there any non-woke, or at least tolerable, sites for finance?