LauriElias
Short

CD Projekt Red - I so want this, but ATH...

GPW:CDR   CDPROJEKT
I love their games and want to hold this stock, but it's too damn high and might even go higher ahead/after E3 2019. End of 2018 showed us this stock can easily shed half its value for some reason. I guess buyers couldn't believe how lucky they got that past year and jumped ship first sign of trouble. And rightly so. As pretty much all currencies, the Polish zloty is down against the dollar, but markedly little. Poland seems to still be going strong. P/E is an insane 189, dividend yield 0.51%, even doubling wouldn't do much. Margins are down, income is down. I think soon everyone will have 'bought the rumour' and soon 'sell the news' will hit, especially given the general market conditions. I think I should try and build a short position from the top of E3 hype and from the top of Cyberpunk 2077 enthusiasm, but idk how easy it is to short Polish stock in my bank and whether it's even a good idea at all. Probably going to stay hopeful for a dip to ~100.
May 24
Trade active: I contrarian'ed myself with this one and LONGED at 219.10 with a small bit. We're over ATH, no known resistances, E3 and Cyberpunk hype will get bigger still. If my initial prediction comes true and CDR starts moving like the market in general...well I guess I'll have to average down then : )
Aug 02
Trade closed manually: Closed long @228.60. Don't want this tweet shit.
Aug 05
Comment: Kind of amazed the fees + currency depreciation were enough to make this a net loss of ~5 euros.
Feb 07
Comment: This is going $TSLA it seems...Cyberpunk postponed 5 months and it spikes UP? Wtf...

Comments

Too bad I didn't get back in. Then again I've been sleeping so much better not owning something so overvalued : )
Reply
lol dude i like your timing :D
Reply
baker13 baker13
@baker13, probably new ATH today
Reply
LauriElias baker13
@baker13, yeah well I expected ~E3 to have this effect and am not in a short yet. My regular bank web page doesn't even allow shorting this. Gotta look into something like IB to actually get a short going.
Reply
baker13 LauriElias
@LauriElias, you still have a lot of time for this
Reply
LauriElias baker13
@baker13, may be a good idea to wait for E3 hype to play out.
Reply
baker13 LauriElias
@LauriElias, i heard that they are going to present new project during E3
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out