Yes, but this is not the same story with a high SI if stock is weak or stock is strong. Of course, a stock like Valeant, without any psychological support (10 dollars? 5 dollars? 1 dollar???) give infinite potential for shorters. You can short it and make 80 pct, let it rebound 40%/50%, again short it and make 80 pct, etc. until this stock becomes a penny stock. So short interest can stay high as long as there are some dreamers to believe there would not be a bankrupcy. HOG is strong because every attack during the last weeks is countered by bulls. Without a real sign (or proof) of weakness, shorters can only fail. This is the case with HOG. Price action is about psychology. So there is not perfect science. The game is to understand who got the nuts. Do Bulls still lead the game? Are there some weaknesses? Divergences? For example, a classic tell here would be a weak new high, for example 62 or 63 dollars. That would be a good place for stops. Buyers don't keep price above 61.50. The day after, price falls below 60. This could be a good place to short, even if the reward would not be really attractive IMO.
But HOG is weak Chris. Accounting shenanigans aside, .... sales are falling. And in my opinion, will continue to fall. Millenials don't buy these things. And the used market is pricing them significantly less percentage-wise than they were 5 years ago. IE, if somebody wants a Harley, they are gonna buy used. There is no "new car smell" to a bike. Not to mention the defaults on loans w/i their finance division. How is it any different than Fitbit? Its a one trick pony with a pony that has a dying pony.
I see, but how long will it take for investors to take care of fundamentals? 3 months ? 6 months ? 1 year? The market can stay irrationnal longer than you can stay solvent. Moreover, Harley Davidson is a brand, today there is a premium to pay for old good brands. Apple would be valued 3 times less without his brand. Fitbit is another story, you speak about a new trendy brand which is less trendy. Same as tomtom for example a few years ago. Learn what is price action and you will understand why (at the moment) HOG is not weak. One book : Understand Price Action by Bob Volman. Good WE. CM
I do not know whether this is true. But many say that Tesla can focus on something better than car production. Something that could bring more profits.
Same story 2 weeks later. Same graph. Same support @178 dollars. Limited upside, high downside risk. Nice short below 178. CM
Ayeeee duuuunno Mr Chris.... 5 day chart says its heading north. Its too obvious of a short. I think its setting up for a nice $5 pop.
Elon Musk will attend Trump’s meeting with tech leaders by Jordan Golson@jlgolson Dec 12, 2016, 1:48pm EST Tesla and SpaceX CEO Elon Musk will attend a meeting between tech leaders and President-elect Donald Trump on Wednesday at Trump Tower in New York, The Verge has learned. Recode previously reported that Musk was considering skipping the event due to “critical work obligations.” Invited attendees to the event reportedly include Alphabet CEO Larry Page, Amazon CEO Jeff Bezos, Apple CEO Tim Cook, and Facebook COO Sheryl Sandberg, as well as the CEOs of Microsoft, Cisco, IBM, Intel, and Oracle.