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Short selling lovers clapping hands: The top is reached!
Thursday, 11 June 2020 18:34
Did we just reach the top? Many short sellers seems to anticipate that. Nasdaq 100 reached 10 000 yesterday, ATH. Still, U.S are loosing millions of jobs every week and the current valuations makes little sense - according to many analysts. Multiple high profile people that ShortSelling discuss with estimate the there is a huge downside ahead. We are probably just starting the huge sell off. Find a Short selling broker for CFD's or ETFs - and you can buy with them too if you still expect the market to go up. Try a transparent and professional broker such as Skilling today !
However, when looking at major indices today, the minus numbers are easiest to find. Dow Jones -6%, Nasdaq 100 down 4.4%, S&P 500 is minus 5.3% and Japan 225 went down over 5% as well. Similar trend in Europe where Germany 30 is minus 5.5%, Spain 35 is munus 5.3%, Italy 40 is down 5% and French 40 Index is down almost 5.75%. Similar down trend is true for commodities such as Gold (-0.6%), Silver (-2.58% and brent oil (-7.9%). What about shares? Well, even Tesla shares are down 5% after reaching $1000, Uber shares are down 10.75%, Facebook shares -5.75%, Hertz shares minus 20% and Boeing shares -15%. Many major banks are also down 8-12% for the day, including Barclays shares (-9.4%), Bank of America shares (-10.25%), Banco Santander shares -10.5%, Credit Suisse shares (-7.27%) and Deutsche Bank (-7.9%) just to name a few. Well, so if you are worried about the downturn - what is there to do?
Well, modern short selling with CFDs are what most individuals and savvy investors goes into. That's an easy and simple way to get great exposure for the stock markets downturn. Sign-up for Skilling to get started with going short or long with help of CFDs.
Biggest short selling stock discussions of the day
Thursday, 28 May 2020 20:50
It's been revealed that the big investor Michael Burry that was featured as Christian Bale in "The Big Short" has spent over $30 million on a couple of major short positions. He selected a few targets Facebook , Jack in the Box , Boeing Co and Michaels Companies . The latter one ended 9% down today.
At the same time, Zoom Video ended the day up 1% to a valuation of 1942.4 in P/E. What about that valuation? How long will it last?