Takata airbags (only) killed like a dozen people in the U.S. They just declared bankruptcy. Not apples to apples.... but yeah.... this story is far from over. The lawyers will go after the deepest pockets. Great short. Let it bounce.
It was $24.20 when I posted that. $23.58 now. It took out the 200 Day. Wall Street woke up I guess when that news sunk in. The puts are $3.45 now.
Yeah im keeping a close eye on it, like the idea but going to wait a bit longer to see if i see it setup better, if tomorrows a down day will be a good sign.
Also HTZ has a bigger %of the float short than CAR, 52% i like the setup in CAR a little better, because its through the 50 day MA already, but HTZ has a lot more room to go up i think if it gets going.
This whole autonomous car thing is BS! Stay away from HTZ please.... and pray CAR bounces up a dollar so you can short your granny's maple syrup farm on it.
Im not sure i agree with you on the whole autonomous car thing being bullshit, its still probably 10 years off, but i could see how CAR and HTZ could actually be positioned well to take advantage of it. Imagine travelling to a city you know nothing about and being able to rent a car that can drive you where ever you wanna go on command. Ive ready a lot of articles thinking the autonomous car thing is going to be a massive shift to the way we drive, where people no longer end up owning cars at all anymore cause it becomes so cheap to call an autonomous car which will be everywhere, to take you where you want to go.