Originally Posted by
Maxtrade
Yeah I bet the shorters that sold out and caused yesterdays rally are probably rethinking their decision now. Especially when based off one article in the Australian. It is amazing how influential the media can be on the sharemarket these days. Or hey it only takes Musk to make one announcement and he can play with Tesla and Crypto stocks as he likes. Simple business fundamentals don't seem to be quite as determining as they once use to be.
Still might be worth shorting now. Wait for next coming announcement which is undoubtedly not going to be very attractive. Likely to initiate a further sell off. Regardless of if anything materialises on any possible interested takeover offers, that wouldn't happen until the share price is driven down another round. As mentioned further up in this thread, if Nestle were interested I'm sure they would be smart enough to wait until SP drops lower again off further poor earnings results before then even starting to show any real interest. A takeover would need to be a steal to be attractive, and with forward P/E at todays share price ATM is far from attractive currently. Let alone with the hurdles still faced in China. Does anyone think the shorts bought in a bit prematurely yesterday, ie got too nervous on unsubstantiated 'news' and over reacted?