Moderna, Inc.Short
MRNA short after S&P 500 inclusion
Updated
MRNA seems to follow a typical hypecycle pattern on the 15m Chart. I observed this pattern in ATOS in the last weeks on the 30min Chart and it ended with ATOS dropping like a rock. Keep in mind that just bcs ATOS dropped doesn't mean anything for MRNA.
I expect the same to happen to MRNA since it is just fundamentally completely overvalued and I doubt the hype will sustain much longer. But the market in 2021 is a crazy hype-driven meme market, so who knows what happens. Just an idea and no financial advisory obviously.
The risk I see is that the hype gets further fueled by news about more Covid outbreaks from the delta variant or from positive company internal news.
Just fundamentally seen I would make a share offering if I were involved in the management team of MRNA to take advantage of the very high share price compared to fundamental value, but I am not involved in the company, so who knows what happens.
I want to encourage the MRNA bulls to openly discuss their views here or in private messages. I am happy when you show me my current bear thesis is wrong and why.
Disclosure: I am short MRNA. So my views are biased. Pls do your own due diligence and hit your own decisions.
I expect the same to happen to MRNA since it is just fundamentally completely overvalued and I doubt the hype will sustain much longer. But the market in 2021 is a crazy hype-driven meme market, so who knows what happens. Just an idea and no financial advisory obviously.
The risk I see is that the hype gets further fueled by news about more Covid outbreaks from the delta variant or from positive company internal news.
Just fundamentally seen I would make a share offering if I were involved in the management team of MRNA to take advantage of the very high share price compared to fundamental value, but I am not involved in the company, so who knows what happens.
I want to encourage the MRNA bulls to openly discuss their views here or in private messages. I am happy when you show me my current bear thesis is wrong and why.
Disclosure: I am short MRNA. So my views are biased. Pls do your own due diligence and hit your own decisions.
Note
I don't kow how to edit it, but only pay attention to MRNA and ATOS. All other suggested tickers are mistakes by the algorithm and not part of this trade idea.Note
Today positive news caused MRNA to break §340 again. As soon as we see a new high the trade idea to short MRNA is falsified by the price action breaking the main resistance level.In that case I will close out my short position. I will at least hedge the short position now, but probably close it because the positive news invalidated the idea at least for this week and I am not willing to take the risk of a massive gap up over the weekend.
Trade closed: stop reached
My stop loss was just triggered and my short position is closed. Planning to watch MRNA for a longer-term short entry and might enter the long side now that resistance has been broken. I want to see a confirmation before entering the long side.
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