Pls tell me how many longers make money at econonmy-peak time??
and, Ford was founded in 1900 but almost broke a couple of years ago.
Im making money with shorts for TM, SNE and HMC..(over $ 110,000)
What's wrong with me??
Im going well now..
I will short korean economy soon and when world's economy sucks, I will have to cover then buy Delta, SouthWest airline, BofA, Cisco,,etc.
To be frank, it has been very easy for me to make money since 2007..
I catch just 1 timing for 1-2 years.
mb-lee75, you will be burned badly. Tell me how many shorters have made their fortunes on stock markets?
If you short TM, you may make sense, but not for HMC because HMC is not just make cars and have so many different products.
Honda Motor Co., Ltd., together with its subsidiaries, engages in the development, manufacture, and distribution of motorcycles, automobiles, and power products primarily in North America, Europe, and Asia. Its motorcycle line consists of business and commuter models, as well as sports models, including trial and moto-cross racing; allterrain vehicles; personal watercrafts; and multi utility vehicles. The company also produces various automobile products, including passenger cars, minivans, multi-wagons, sport utility vehicles, and mini cars; and power products comprising tillers, portable generators, general-purpose engines, grass cutters, outboard marine engines, water pumps, snow throwers, power carriers, power sprayers, lawn mowers and lawn tractors, home-use cogeneration units, thin film solar cells home use, and public and industrial uses. In addition, it sells spare parts and provides after sales services are through retail dealers, as well as involves in retail lending, leasing to customers, and other financial services, such as wholesale financing to dealers. The company was founded in 1946 and is based in Tokyo, Japan.
one more thing,
their unstable and long time part-shortage makes new car buyers be brought to the different car brands(like, Kia, Hyundai, GM, Crysler and Ford. so it's also problem that their credit will be entirely gone soon.
I will be back with you Apr/30..
pls Keep it in you mind that I shorted cloudy JAPAN economy & Yen-USD and longed Crude Oil.
even if american buy honda, JPN people doesn't spend their money on new cars so their domestic market will suck.. but the data of sucking is not released yet now due to nuclear radiation problem. it will show you soon.
You know they slowdown outputs and sometimes close factories but they released that they would not lay any labors off, which means their 2Q profit must be a loss. so, HMC will get under $29 in june.
In an additio, I bet the economy will be a recession soon due to Crude Oil. you know a soaring Oil price damages to Air flight industry as well as Auto industry.
Im still keep shorts for Toyota, Sony and Honda.
I am going to hold this shorts by early of July.
I am sure I can get average 30% or more profits with 3 kinda shorts.
fyi, I shorted 1.85M at that day..