I am not going to waste time stating the obvious about its expense and profitability etc. This company's fate will drag it to the following outcomes in my opinion.
1. ) Chapter 11 bankruptcy
2. ) Get bought by other company as a whole or may be just a brand will survive
Shorts have got burned by wrong timing. But new shorts on any bounce between 320 - 360 should get good entry.
Since I am not into shorting stocks, I will be looking to buy ( Just as a trade, as you probably already know what I think about company's future given current situation ) where shorts are likely to cover. Once such successful trade was at 250. Now I will be looking again to buy it between 200 - 250. When 200 gives up, 100 - 150 may be next ! There are ample easy trades between the stated ranges.
1. ) Chapter 11 bankruptcy
2. ) Get bought by other company as a whole or may be just a brand will survive
Shorts have got burned by wrong timing. But new shorts on any bounce between 320 - 360 should get good entry.
Since I am not into shorting stocks, I will be looking to buy ( Just as a trade, as you probably already know what I think about company's future given current situation ) where shorts are likely to cover. Once such successful trade was at 250. Now I will be looking again to buy it between 200 - 250. When 200 gives up, 100 - 150 may be next ! There are ample easy trades between the stated ranges.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.