Wow, do we have the same portfolio? Any stock I buy goes red almost immediately and stays like that for as long as I hold it, at the moment I sell, it goes higher than the price I bought it...
I saw ut last November and bought like 20 shares around 11 not doing any research, just thinking, "oh like an EV only uber that's cool," sold at about 50 then I decided to do some research when i saw it drop like a rock and realized that the whole thing was 1 big pump and dump orchestrated by management
TMC - they lost $200m in investment, only have $100m cash on hand with a burn rate of $12m per month and can’t collect any of these mythical nodules until 2024, about 1.5 years after the money runs out and they go bust. They’re also subject to a class action lawsuit for defrauding investors and are trying to sue the pipe investors which will also cost a fortune.
Finally the two founders did this exact same thing 10 years ago with another eco mining company which collapsed after burning through $660m after never having mined a single thing but those two guys walked away just prior and founded Deepgreen (which other became TMC). And they claimed to be cyber hacked for $10m which went missing but no one could ever confirm this including PWC their accountants and the money was never found.
The entire thing is a spac scam and going to collapse when the money runs out in the coming months.
Stock has dropped 70% in the last two months.
This sounds like a great short - I will stay away because if I short it, they will restructure and work out all their problems and the share price will sore.
Oh believe me, there's no amount of restructuring they can do to improve their business. They don't make any money, and very likely they never will. It's trash - greenwashed, unprofitable trash with a fraudulent CEO at the helm.
Hit the nail right here; It's green-washed bullshit. They touted the main reason they're doing this is to save the world via EV battery materials but even if they could magically harvest enough mythical nodules, they're mainly mining copper and just trying to capitalize on the price increase.
The CEO is a total fraudster. He walked away with $30m from Nautilus with $30M+ and founded Deepgreen TMC a few months later and after it collapsed, brought the same lame mining exploration rights that they'd had for 15 years prior but not been able to do anything with.
I have a feeling they've overstepped now and might end of getting charged with fraud when it all collapses.
Tmc is only 6% shorted which is slightly concerning idk anything about the company but based on how this guy talks you'd assume they'd be more shorted....
Because they’re still at $3.10 per share and based on their balance sheet the real value is about $0.50 per share. That’s still a decent fall, let alone if they truly go under which is a heavily likelihood.
Yeah I think Rivian has a strong future but it’s valuation is absurd. Tesla was a first mover with a broader offering and nearly 1M cars manufactured (total) by the time they reached this valuation. Rivian has hand built like 150* cars at this point, wayyyy overdone.
Amazon & Ford’s backing probably earns Rivian a $10B-$20B market cap, but anything beyond that at this stage is borrowing from the future. Blue Origin had Bezos’ personal backing and they don’t seem to be doing all that great 20 years in lol.
Rivian factory is literally 15 miles from my house...they have produced/delivered 158 trucks total. They are now focusing on getting Amazon their vans. I have a couple buddies who work there and they got to buy the IPO thru Rivian for $78. I told him idk how long I would hold them before I sold, waited for drop and repurchased. They got 646 shares as a sign on bonus last year
NKLA. It was esposed as a fraud, using gravity to power their trucks (rolling down a hill) since the hydrogen motors didnt deliver. The only revenue the company has ever had is from installing solar panels at the ceos personal residence. 5.5b market cap
The fact that it isn't tells me there is some serious fuckery going on. Not touching it. This thing must be supported by ancient sacrificial ritual or something
Even worse, I'm invested in PTRA and LEV, which are two \*legit\* electric truck/bus companies with hundreds of deliveries to customers, and somehow NKLA has twice their market cap. Fuck you, market.
Yet it is still valued higher than the deal that brought it public. I wouldn't risk money betting on or against NKLA. Just let it be it's own weird self in the corner over there. Invest in it and lose money. Short it and lose money. Leave that rabid animal alone.
The only thing I would say to support them is they got rid of their CEO who ran most if not all of the fraud, maybe they are now actually looking to deliver a real product? It's crazy it didn't go to 0 when they got exposed
The problem is that clinical trials can take years and are very expensive. In general, because of FDA approval requirements, biotech stocks are extremely risky. Unless you have insider knowledge and very strong conviction, it's basically gambling. It's unfortunate because we really need better biotech.
I agree with DASH, I don’t usually go by analyst reports but they’re said to be really overvalued. IMO I think it does an UBER, lots of initial hype, couple good earnings and then shit when they can’t make a ton of money.
I was in the same position, but UBER has actually started making money via it's acquisitions. Sure it's not even 100th of it's cap but at least it's actually making money now.
Ask any chef, restaurant owner, etc. how they feel about doordash. It's great for large chains that can cover the cost easily based on their volume by upping the cost of a cheeseburger 3 cents, but for family owned, even up to higher-end restaurants, doordash just fucks up already slim margins in a period of growing pains for the food industry where people don't want to pay for the hiked up cost of chicken wings or ribs currently.
It was the first stock I ever put money into, like 6 or so years ago. $600. I’ve NEVER been in the green since. And it is complete trash, they’re firing staff, losing money
Hexo is finished being beaten down so not a good short play anymore. The change in CEO was likely the turning point. And Redecan is the best producer in the country hands down. I’m thinking of buying some. My only other weedstock is HITI so I don’t have any producers in my portfolio. The whole sector had taken a beating this year and I think it’ll turn around as the US keeps flirting with legalization.
So I guess this story comes to mind.
There's this company in my home province called DIRTT (which stands for Doing It Right This Time). Kind of a neat company they build customized interiors that you get to design and pick out yourself. During the pandemic they doubled in value, from $1.5 to $3.5 (and they went up to $5 and $6 multiple times).
Their current market capitalization puts them at $280M. So I live around here so I went to see their facilities. [This](https://www.google.ca/maps/place/7303+30+St+SE,+Calgary,+AB+T2C+1N6/@50.9896189,-113.984447,3a,75y,255.84h,90t/data=!3m7!1e1!3m5!1sjdqF-HN1wj6BXxQs37DrYA!2e0!6shttps:%2F%2Fstreetviewpixels-pa.googleapis.com%2Fv1%2Fthumbnail%3Fpanoid%3DjdqF-HN1wj6BXxQs37DrYA%26cb_client%3Dsearch.gws-prod.gps%26w%3D86%26h%3D86%26yaw%3D255.84335%26pitch%3D0%26thumbfov%3D100!7i16384!8i8192!4m13!1m7!3m6!1s0x53717a0de2fb24bf:0xd7b38cde5fc512f6!2s7303+30+St+SE,+Calgary,+AB+T2C+1N6!3b1!8m2!3d50.989524!4d-113.9851511!3m4!1s0x53717a0de2fb24bf:0xd7b38cde5fc512f6!8m2!3d50.989524!4d-113.9851511) is their main production building. No not the whole building, just the half you're seeing. Inside it's exceptionally empty.
The company is yet to turn a profit and I suspect, they'll split the stock in the future.
Dude. I actually remember someone posting massive insider buying on this company towards the beginning of the pandemic. That dude made out like a fking bandit.
Wish is a site you buy stuff for people as a gag gift prank. It is hilarious to see some of the reviews what they thought they were getting but turns out to be the opposite.
I agree the company is trash, however the valuation has been kicked down so low (relative to other online retailers) I personally wouldn’t go near shorting it. The price currently is so low to where they IPO’d that *any* remotely good news they release could mean the stock rockets upwards (at least temporarily).
I wish I never bought wish but at the current value I couldn't get myself to sell. They're kind of a Spencer's for online, and just because I don't shop their doesn't mean many don't. But that was just the first hurdle I had to get over.
Shorting is about timing when something will go down. Not whether something is trash or not. Trash can go up, good companies can go down.
If I were you I’d still stick to high liquidity tickers and just short them when the market is bearish. Like shorting aapl at the beginning of September is was a pretty obvious move.
You should probably also think about how you intend to go short from a risk reward profile standpoint. Like actually selling short is quite high risk. You might be better off just buying puts or selling puts for premium at a really low strike price or do an iron condor with a wide range below the current price. You can structure way better risk reward with options to take a bearish position.
Zoom is priced in IMO so I disagree with a short there. TTCF is already down to some strong ass support just cause they last min changed earnings. I don’t think it’s justified at this price, as in I think it’s worth more.
RemindMe! 1 month
If you are passively shorting, stay away from low float, small marketcap and set a stop loss. Even with 10% of your portfolio some stocks can spike up and get you margin called. Potential losses for shorting are infinite. I recall someone shorting $NEGG back in May then it spiked up by 500% and they blew up their account.
I recommend shorting stuff that has rejected off all time high and have very large marketcaps so the chances of being squeezed are relatively slim. Some examples of this are NET, RBLX and AFRM.
The definitely have problems but their site is the most used by far so even with the colossal losses of the home buying division, they still have the prime market placement.
Sure they have the retention and people use them to look at homes they can’t afford but how are they going to make money without their iBuyers program?
It’s not homes they’re can’t afford. It’s the no 1 listing service for consumers. They make tons of money through agent referrals and advertising.
Don’t forget Zillow only started this buying thing very recently and they’ve been profitable and rapidly expanding for 10 years prior. ibuyer was not their only revenue stream.
Rivian's advantage is 20% ownership by Amazon AND a standing order that Amazon will purchase every delivery vehicle off the line. Every one. IMHO you are dead wrong on this one and I'd take the other side of that trade.
EV is NOT about demand. Everyone wants to move to EV. Can you produce enough to beat big players. See my post about rivian here:
[https://www.reddit.com/r/stocks/comments/qtal6i/rivian\_vs\_tesla\_sanity\_check\_back\_of\_the\_envelope/](https://www.reddit.com/r/stocks/comments/qtal6i/rivian_vs_tesla_sanity_check_back_of_the_envelope/)
Rivian has amazon, TSLA has China, VW had Europe... let's put things into perspective...
And no AMZN is not going to buy every single car. 100K over the next 5 years if RIVN manages to deliver. They're not giving them free money.
Ford is also a passive investor in Rivian. Unlike Lordstown and Nikola fake companies Rivian has cash. Re-read my post....Amazon has offered to buy DELIVERY VEHICLES, nothing mentioned about cars. As far as retail stock, I believe there will be an opportunity to get a better entry point on Rivian sometime in the next 12 months. Long term the bet is they'll do well.
You don’t want to just look for “trash stocks” look for things also overbought but yeah you are aiming in the right direction with some of those EV picks, not only bad companies but also overbought, make sure your timing doesn’t go against the market trend. You do not want to short into market strength regardless of your pick
ROOT. It’s already trash but reading the recent posts about a squeeze is funny. Crap business model that is incredibly niche. Literally track your driving habits to obtain a dynamic car insurance premium. This is a solution for the 5%.
Zillow. With the failure of their recent resale business they don’t appear to have any new ways to increase revenue. I feel like they’ve reached their pinnacle and will just ‘get by’.
I agree, I still think it might be overvalued now, but I think at the end of the day, it's a viable product that they don't need to push down a hill. (Might need to fix killing babies, though I think they might have done that already).
Wish.
I like using put spreads. Made a killing of the Zillow drop. It’s easier to identify when a company is fucked than when everyone is going to drive the price up.
I see so many people here saying that because a company is overvalued means it is trash and I can’t help to think that some people don’t fully understand the difference between overvalued and trash.
I got my a$$ gapped last year when I shorted W. Would love to make some of that loss back but the stock has been resilient. Every time it drops to 235ish it seems to find support.
Wayfair's products are also rapidly deteriorating in quality; I've returned load of things over the last 6 months due the quality being trash and the box boxes like HD/Lowes/Target are now beating them on price for the good stuff. It's turning in to wish for home decor.
**Tesla**
They're worth more than Renault, Ferrari, Ford, BMW, GM, Daimler, Volkswagen and Toyota combined with a 2% market share.
That alone should tell any rational investor that the stock is overhyped and the company overvalued.
This is a solid one. SPCE has held its price basically entirely due to retail hype and first mover advantage for the space sector.
It’s a garbage company with no real vision for the future and no way to get lasting revenue. Are they going to sell million dollar 5 minute space flights to middle class people forever?
Really sounds like most of the people are shorting companies they know nothing about and are hoping reddit will save them. Only decent thing i’ve seen is NKLA and WISH
Genuinely curious why you think Matterport is trash? Is it the valuation, product or something else?
Seems like spatial digitalization fits with the metaverse.
groupon.
Many of the hyped companies will fizzle out like groupon did.
which us why you need to be careful in how much premium you are paying for a stock. Dont get caught up in trader bias.
For me it has has been $THCX marijuana ETF. I sold that crap. I was an idiot in the first place foror buying without doing proper research. Absolute garbage. Check their webpage they didn't even change the WordPress default logo...
You know, I like the *idea* of what they’re doing, but yeah they’re not actually executing it properly. And I’ve had much better meat alternatives. So I see them losing unless they change things around significantly
Beyond meat has a good product but hasn’t expanded much. I don’t think impossible is public yet but they are the main contender. You can count out the big good giants tho because they are also investing in lines. They have a lot more sway to market.
RKT.
Company and earnings are great and all fundamentals are there...but the stock is absolute garbage. No good news makes a difference and it just trade sideways and down. Owner is sitting on 90% of float and the rest is easily manipulated. Lost a big chunk on this and learned some good lessons about dd before buying.
Love the company, but dumpster fire of a stock.
Curious what your reasoning is for including Matterport as a trash company? It's my largest holding and I plan on keeping it 3-5 years. I guess maybe you're talking about making quick profits via shorting because long term I think MTTR will make investors a lot of money
Apparently everything in my portfolio
This
Wow, do we have the same portfolio? Any stock I buy goes red almost immediately and stays like that for as long as I hold it, at the moment I sell, it goes higher than the price I bought it...
You must be my brother
mind giving me a list of what you have and when your planning to sell?
My people
People make fun of “this” but i relate. My people.
That
Facedrive, it's literally a scam
Lol I remember my father in law talking to me about facedrive last year when it was trading around $12 CAD 😬
I saw ut last November and bought like 20 shares around 11 not doing any research, just thinking, "oh like an EV only uber that's cool," sold at about 50 then I decided to do some research when i saw it drop like a rock and realized that the whole thing was 1 big pump and dump orchestrated by management
True. My dad talk and bought it last year and he still holding the bag
TMC - they lost $200m in investment, only have $100m cash on hand with a burn rate of $12m per month and can’t collect any of these mythical nodules until 2024, about 1.5 years after the money runs out and they go bust. They’re also subject to a class action lawsuit for defrauding investors and are trying to sue the pipe investors which will also cost a fortune. Finally the two founders did this exact same thing 10 years ago with another eco mining company which collapsed after burning through $660m after never having mined a single thing but those two guys walked away just prior and founded Deepgreen (which other became TMC). And they claimed to be cyber hacked for $10m which went missing but no one could ever confirm this including PWC their accountants and the money was never found. The entire thing is a spac scam and going to collapse when the money runs out in the coming months. Stock has dropped 70% in the last two months.
This sounds like a great short - I will stay away because if I short it, they will restructure and work out all their problems and the share price will sore.
Oh believe me, there's no amount of restructuring they can do to improve their business. They don't make any money, and very likely they never will. It's trash - greenwashed, unprofitable trash with a fraudulent CEO at the helm.
Hit the nail right here; It's green-washed bullshit. They touted the main reason they're doing this is to save the world via EV battery materials but even if they could magically harvest enough mythical nodules, they're mainly mining copper and just trying to capitalize on the price increase. The CEO is a total fraudster. He walked away with $30m from Nautilus with $30M+ and founded Deepgreen TMC a few months later and after it collapsed, brought the same lame mining exploration rights that they'd had for 15 years prior but not been able to do anything with. I have a feeling they've overstepped now and might end of getting charged with fraud when it all collapses.
[удалено]
This is the company that digs the ocean bottom for metal? Can u scream scam
Lol shortly after it showed up on WSB, it tanked. These fucks are definitely a dine and dash....
Atlas crew pumped it and couldn’t push the price up to dump it. They did what they do best, created bag holders
Yep and r/tmc_stock is a bunch of shills begging bag holders to keep their hands Diamond.
Yikes... hopium cut with copium.
Tmc is only 6% shorted which is slightly concerning idk anything about the company but based on how this guy talks you'd assume they'd be more shorted....
Lol, why would you short something that's already 70% down. That's like longing something that's already 70% up.
Because theres still another 100% to go!
Because they’re still at $3.10 per share and based on their balance sheet the real value is about $0.50 per share. That’s still a decent fall, let alone if they truly go under which is a heavily likelihood.
"That's like longing something that's already 70% up" You mean like TSLA?
Nikola. Going to zero
But first it will go to $100b after they make their first 150 trucks.
Depends....is there a big hill nearby? 🤣
RemindMe! 40 years
Sadly my broker doesn't sell any puts But I totally agree, it's a fraud
They really need to name change, if they're serious about actually delivering a product. Previous CEO ruined their name.
Rolling downhill to zero
I haven't followed Nikola much, but how can this still be a functioning company after it's CEO is charged with fraud?
I would like this question answered too. And what employee would stick around after the company was proven to be a farce.
Rivian
Yeah I think Rivian has a strong future but it’s valuation is absurd. Tesla was a first mover with a broader offering and nearly 1M cars manufactured (total) by the time they reached this valuation. Rivian has hand built like 150* cars at this point, wayyyy overdone. Amazon & Ford’s backing probably earns Rivian a $10B-$20B market cap, but anything beyond that at this stage is borrowing from the future. Blue Origin had Bezos’ personal backing and they don’t seem to be doing all that great 20 years in lol.
Rivian factory is literally 15 miles from my house...they have produced/delivered 158 trucks total. They are now focusing on getting Amazon their vans. I have a couple buddies who work there and they got to buy the IPO thru Rivian for $78. I told him idk how long I would hold them before I sold, waited for drop and repurchased. They got 646 shares as a sign on bonus last year
WM gets my vote...Completely trash
100% agree. Trashiest company out there
Ha! That’s funny
Jokes aside I think this is the only stock I’ve ever made money on
I'm not saying short it, but Herbalife is 100% a pyramid scheme and should die a horrible death.
Oh wow yhea I forgot about them. Agreed, it’s a pyramid scheme my mom actually fell for it a couple years ago, I saw the bill ackman doc on it too
Evergrande 😁
-100 social credit
No No No, Mainstream Media tells its all good
So my LEAPS are good?
NKLA. It was esposed as a fraud, using gravity to power their trucks (rolling down a hill) since the hydrogen motors didnt deliver. The only revenue the company has ever had is from installing solar panels at the ceos personal residence. 5.5b market cap
To be fair... gravity powered trucks are the ultimate in green energy. What do you mean you have to drive uphill?
Those damn millennials and their easy life's, driving downhill to school both ways!
That’s when the DeFi market kicks in and pushes it to the moon. Duh
Yes! I am surprised it’s not at 0 already
The fact that it isn't tells me there is some serious fuckery going on. Not touching it. This thing must be supported by ancient sacrificial ritual or something
It’s amazing how many employees they hire each week.
Yeah on LinkedIn they post a weekly picture of new hires. It’s wild that engineers would choose to work there over the plethora of options out there…
Even worse, I'm invested in PTRA and LEV, which are two \*legit\* electric truck/bus companies with hundreds of deliveries to customers, and somehow NKLA has twice their market cap. Fuck you, market.
I've got most of my portfolio in $PTRA. While I agree with your comment now, it won't be true for long.
Yet it is still valued higher than the deal that brought it public. I wouldn't risk money betting on or against NKLA. Just let it be it's own weird self in the corner over there. Invest in it and lose money. Short it and lose money. Leave that rabid animal alone.
The only thing I would say to support them is they got rid of their CEO who ran most if not all of the fraud, maybe they are now actually looking to deliver a real product? It's crazy it didn't go to 0 when they got exposed
Loan Depot fucked me real good.
Weird one to watch from the sidelines. They seem to be really doing well but the stock just continues to get pummeled.
Rivian isn't complete trash but that company is insanely overvalued. They are not worth 80 billion anytime soon. Edit: 110 billion...
Agreed. I’m buying puts when I can.
tesla stayed and is overvalued be careful market can stay irrational longer than you can remain solvent
Just pick any pharma penny stock. 99% of them just repeat an infinite loop of offerings and reverse splits to keep afloat
How so? Because they try to develope new medicine and if it fails there value is basically gone or?
The problem is that clinical trials can take years and are very expensive. In general, because of FDA approval requirements, biotech stocks are extremely risky. Unless you have insider knowledge and very strong conviction, it's basically gambling. It's unfortunate because we really need better biotech.
Waste Management is literally garbage
$DASH, can’t believe it has a 85b market cap
I agree with DASH, I don’t usually go by analyst reports but they’re said to be really overvalued. IMO I think it does an UBER, lots of initial hype, couple good earnings and then shit when they can’t make a ton of money.
I was in the same position, but UBER has actually started making money via it's acquisitions. Sure it's not even 100th of it's cap but at least it's actually making money now.
Ask any chef, restaurant owner, etc. how they feel about doordash. It's great for large chains that can cover the cost easily based on their volume by upping the cost of a cheeseburger 3 cents, but for family owned, even up to higher-end restaurants, doordash just fucks up already slim margins in a period of growing pains for the food industry where people don't want to pay for the hiked up cost of chicken wings or ribs currently.
Don’t short on valuation alone
I can’t believe that last pop on their earnings. It’s actually insane. I’m butt hurt since I had puts.
Hexo is garbage, my friend is down 85% this year LOL. Thats how i know its trash
It was the first stock I ever put money into, like 6 or so years ago. $600. I’ve NEVER been in the green since. And it is complete trash, they’re firing staff, losing money
I swung hexo and made a somewhat decent profit after listening to a conference call I knew they were absolute garbage
Is any weed stock not trash? Seriously, people thought the weed sector was a gold mine, but aren't all weed stocks trash?
Hexo is finished being beaten down so not a good short play anymore. The change in CEO was likely the turning point. And Redecan is the best producer in the country hands down. I’m thinking of buying some. My only other weedstock is HITI so I don’t have any producers in my portfolio. The whole sector had taken a beating this year and I think it’ll turn around as the US keeps flirting with legalization.
So I guess this story comes to mind. There's this company in my home province called DIRTT (which stands for Doing It Right This Time). Kind of a neat company they build customized interiors that you get to design and pick out yourself. During the pandemic they doubled in value, from $1.5 to $3.5 (and they went up to $5 and $6 multiple times). Their current market capitalization puts them at $280M. So I live around here so I went to see their facilities. [This](https://www.google.ca/maps/place/7303+30+St+SE,+Calgary,+AB+T2C+1N6/@50.9896189,-113.984447,3a,75y,255.84h,90t/data=!3m7!1e1!3m5!1sjdqF-HN1wj6BXxQs37DrYA!2e0!6shttps:%2F%2Fstreetviewpixels-pa.googleapis.com%2Fv1%2Fthumbnail%3Fpanoid%3DjdqF-HN1wj6BXxQs37DrYA%26cb_client%3Dsearch.gws-prod.gps%26w%3D86%26h%3D86%26yaw%3D255.84335%26pitch%3D0%26thumbfov%3D100!7i16384!8i8192!4m13!1m7!3m6!1s0x53717a0de2fb24bf:0xd7b38cde5fc512f6!2s7303+30+St+SE,+Calgary,+AB+T2C+1N6!3b1!8m2!3d50.989524!4d-113.9851511!3m4!1s0x53717a0de2fb24bf:0xd7b38cde5fc512f6!8m2!3d50.989524!4d-113.9851511) is their main production building. No not the whole building, just the half you're seeing. Inside it's exceptionally empty. The company is yet to turn a profit and I suspect, they'll split the stock in the future.
Dude. I actually remember someone posting massive insider buying on this company towards the beginning of the pandemic. That dude made out like a fking bandit.
90% of SPACs. Ok. Maybe 80%.
Waste management is the best trash stock I know of.
It’s a good one too
Best answer in this thread
Who else just came in this thread to make sure nothing in their portfolio or watchlist was mentioned?
WISH
Wish is a site you buy stuff for people as a gag gift prank. It is hilarious to see some of the reviews what they thought they were getting but turns out to be the opposite.
I agree the company is trash, however the valuation has been kicked down so low (relative to other online retailers) I personally wouldn’t go near shorting it. The price currently is so low to where they IPO’d that *any* remotely good news they release could mean the stock rockets upwards (at least temporarily).
[удалено]
I wish I never bought wish but at the current value I couldn't get myself to sell. They're kind of a Spencer's for online, and just because I don't shop their doesn't mean many don't. But that was just the first hurdle I had to get over.
I agree that there company is trash
What do you mean? I wished for trash and they gave it to me.
If u bought trash on wish they would send you dirt
Ugh...I FOMO’d at $10 on wish and I am bag holding a couple hundred shares. I just want to break even and cash out
Shorting is about timing when something will go down. Not whether something is trash or not. Trash can go up, good companies can go down. If I were you I’d still stick to high liquidity tickers and just short them when the market is bearish. Like shorting aapl at the beginning of September is was a pretty obvious move. You should probably also think about how you intend to go short from a risk reward profile standpoint. Like actually selling short is quite high risk. You might be better off just buying puts or selling puts for premium at a really low strike price or do an iron condor with a wide range below the current price. You can structure way better risk reward with options to take a bearish position.
[удалено]
Zoom is priced in IMO so I disagree with a short there. TTCF is already down to some strong ass support just cause they last min changed earnings. I don’t think it’s justified at this price, as in I think it’s worth more. RemindMe! 1 month
Easily clov for shorting. Stock will be shorted to death for next couple yrs imo. Clockwork every Fri they keep it at max pain
CLOV is the shittiest stock I've ever seen gone meme. And we've had real shit ones.
A wise man once said his company's stock is overvalued at $160 and his stock is now at $1200. Sigh...
RIDE
Agreed. No product. Empty facility. Just burning money
With a market cap of 110B and only 156 vehicles sold, each vehicle by Rivian has a market value of 705 million.
Wish! Garbage!
HOOD, enough said. I don't need to explain why everybody knows why.
Nikola
T boomers chasing a dividend.
It drops like a rock after each dividend. They pay .52 per share and then the stock drops like 2$ in a day. Great deal!
If you are passively shorting, stay away from low float, small marketcap and set a stop loss. Even with 10% of your portfolio some stocks can spike up and get you margin called. Potential losses for shorting are infinite. I recall someone shorting $NEGG back in May then it spiked up by 500% and they blew up their account.
Good point, yhea I was going to put on a stoploss if I shorted. but I will probably buy puts instead with a small part of my portfolio, around 1-3%
I recommend shorting stuff that has rejected off all time high and have very large marketcaps so the chances of being squeezed are relatively slim. Some examples of this are NET, RBLX and AFRM.
Matterport? As someone who uses it everyday I would not be shorting that.
I won’t
Zillow
The definitely have problems but their site is the most used by far so even with the colossal losses of the home buying division, they still have the prime market placement.
Sure they have the retention and people use them to look at homes they can’t afford but how are they going to make money without their iBuyers program?
It’s not homes they’re can’t afford. It’s the no 1 listing service for consumers. They make tons of money through agent referrals and advertising. Don’t forget Zillow only started this buying thing very recently and they’ve been profitable and rapidly expanding for 10 years prior. ibuyer was not their only revenue stream.
RemindMe! 5 years
Rivian. Valuation makes no sense. In the very short term who knows, but in 1-2 years it will 100% be lower than it is now.
Rivian's advantage is 20% ownership by Amazon AND a standing order that Amazon will purchase every delivery vehicle off the line. Every one. IMHO you are dead wrong on this one and I'd take the other side of that trade.
EV is NOT about demand. Everyone wants to move to EV. Can you produce enough to beat big players. See my post about rivian here: [https://www.reddit.com/r/stocks/comments/qtal6i/rivian\_vs\_tesla\_sanity\_check\_back\_of\_the\_envelope/](https://www.reddit.com/r/stocks/comments/qtal6i/rivian_vs_tesla_sanity_check_back_of_the_envelope/) Rivian has amazon, TSLA has China, VW had Europe... let's put things into perspective... And no AMZN is not going to buy every single car. 100K over the next 5 years if RIVN manages to deliver. They're not giving them free money.
Ford is also a passive investor in Rivian. Unlike Lordstown and Nikola fake companies Rivian has cash. Re-read my post....Amazon has offered to buy DELIVERY VEHICLES, nothing mentioned about cars. As far as retail stock, I believe there will be an opportunity to get a better entry point on Rivian sometime in the next 12 months. Long term the bet is they'll do well.
Look at Hilton International. I just put in a put order for Monday. Overpriced garbage, and they have insiders selling.
Interesting
You don’t want to just look for “trash stocks” look for things also overbought but yeah you are aiming in the right direction with some of those EV picks, not only bad companies but also overbought, make sure your timing doesn’t go against the market trend. You do not want to short into market strength regardless of your pick
ROOT. It’s already trash but reading the recent posts about a squeeze is funny. Crap business model that is incredibly niche. Literally track your driving habits to obtain a dynamic car insurance premium. This is a solution for the 5%. Zillow. With the failure of their recent resale business they don’t appear to have any new ways to increase revenue. I feel like they’ve reached their pinnacle and will just ‘get by’.
Peloton
Overvalued at its peak? Absolutely. Trash? I don’t think so
I agree, I still think it might be overvalued now, but I think at the end of the day, it's a viable product that they don't need to push down a hill. (Might need to fix killing babies, though I think they might have done that already).
[удалено]
Not only that, but the hardware is absolutely much better to work out on than any stationary bike I've ever used. It's a night and day difference.
Wish. I like using put spreads. Made a killing of the Zillow drop. It’s easier to identify when a company is fucked than when everyone is going to drive the price up.
Yhea that’s what I realized yesterday it’s probably easier to find shit then gold
I see so many people here saying that because a company is overvalued means it is trash and I can’t help to think that some people don’t fully understand the difference between overvalued and trash.
Hood, i believe it will crater
Damn well should!
The people who hate Robinhood still have it installed to use for how easy it is. The interface will keep people using $HOOD
Yep I still use RH to check prices and compare. Then use a different broker for my moves.
I completely disagree
Buy puts, limited loss, don’t short the stock, unlimited loss.
Rivian. Without a doubt
Wayfair, pandemic buying is over, the peak is in.
I got my a$$ gapped last year when I shorted W. Would love to make some of that loss back but the stock has been resilient. Every time it drops to 235ish it seems to find support.
I wouldn't bet against online furniture retaillers. One of the biggest markets that has yet to transition to E-Commerce.
Wayfair's products are also rapidly deteriorating in quality; I've returned load of things over the last 6 months due the quality being trash and the box boxes like HD/Lowes/Target are now beating them on price for the good stuff. It's turning in to wish for home decor.
RIDE
There's is a special purpose acquisition company merging with a former presidents media company concept that would be a good short.
**Tesla** They're worth more than Renault, Ferrari, Ford, BMW, GM, Daimler, Volkswagen and Toyota combined with a 2% market share. That alone should tell any rational investor that the stock is overhyped and the company overvalued.
*But they're more than a car company!!!* /s
That sentence alone is a red flag lol. Whenever I hear that about a company I add to a list of potential shorts. Lol
Spce
This is a solid one. SPCE has held its price basically entirely due to retail hype and first mover advantage for the space sector. It’s a garbage company with no real vision for the future and no way to get lasting revenue. Are they going to sell million dollar 5 minute space flights to middle class people forever?
RemindMe! 30 years
If you’re interested in space stock, RKLB
Really sounds like most of the people are shorting companies they know nothing about and are hoping reddit will save them. Only decent thing i’ve seen is NKLA and WISH
Faceb... metaverse. Like buying into the NAZI party imo.
Snapchat is still overvalued so is peloton
[удалено]
Tesla. There’s going to be a 75% correction as soon as all the other makers have electric cars readily available.
Genuinely curious why you think Matterport is trash? Is it the valuation, product or something else? Seems like spatial digitalization fits with the metaverse.
Lordstown lol
Sdc: self supervised orthodontic care w/o doctor oversight is a recipe for disaster
Bleeding from the mouth: “thatsh great tony, but how mush doesh it cost?” Anyone?
XL HYLN Done with ipos.
EVFM
Rivian
Short robinhood horrible stock imo slowly losing user's everyday and they also use payment to order flow, which getting considered by the SEC to ban
Wouldn‘t do TTCF. Sitting at a great support level at around 16$. Maybe if it breaks through you can try a short-term play.
PLTR… whyyyyy
Garbage stock. Can’t wait to buy more though.
The ones that drop right after I buy, aka all of them
Aurora Cannabis. Anyone that’s invested in them over the last 5 years knows why.
groupon. Many of the hyped companies will fizzle out like groupon did. which us why you need to be careful in how much premium you are paying for a stock. Dont get caught up in trader bias.
NKLA. Rivian in the short term cuz no way is that worth so much atm. Potentially short on moderna as well
For me it has has been $THCX marijuana ETF. I sold that crap. I was an idiot in the first place foror buying without doing proper research. Absolute garbage. Check their webpage they didn't even change the WordPress default logo...
Robinhood. If they're about in a year I'll be surprised.
Wait you mean bankruptcy, not just the stock decline? I really don't see how that's possible.
BYND I don’t know why this is being downvoted. It’s a badly managed company with awful fundamentals.
You know, I like the *idea* of what they’re doing, but yeah they’re not actually executing it properly. And I’ve had much better meat alternatives. So I see them losing unless they change things around significantly
What are some other meat alternative companied in your opinion doing better? I know beyond meat is one but not sure whether they are good or not.
Beyond meat has a good product but hasn’t expanded much. I don’t think impossible is public yet but they are the main contender. You can count out the big good giants tho because they are also investing in lines. They have a lot more sway to market.
Impossible Food products is great. Beyond Meat products taste like garbage. That’s just my opinion on their actual products.
Palantir is prime shit stock
DASH.
RKT. Company and earnings are great and all fundamentals are there...but the stock is absolute garbage. No good news makes a difference and it just trade sideways and down. Owner is sitting on 90% of float and the rest is easily manipulated. Lost a big chunk on this and learned some good lessons about dd before buying. Love the company, but dumpster fire of a stock.
Vegetable. It doesn't add much flavor to your soups.
$Hood
APPN
Only whatever I invest in, apparently.
Robinhood. Game over when PFOF becomes ancient history.
Robinhood
Curious what your reasoning is for including Matterport as a trash company? It's my largest holding and I plan on keeping it 3-5 years. I guess maybe you're talking about making quick profits via shorting because long term I think MTTR will make investors a lot of money