ridethepig

ridethepig | A -50% correction for LYV in play

Short
NYSE:LYV   Live Nation Entertainment, Inc
📍 The best move, since the highs are defended from the earlier developments is not really to get into the heart of the issue. Rather we need to discuss the configuration and how to build the trade around the freefall.

LYV ( Live Nation Entertainment , Inc. ) is particularly exposed to pockets of further lockdowns which we are already starting to see in some states. As will sadly become clear approaching elections is in a certain sense the vaccine promotion will become more about substance rather than headlines. And now, I ask you; why does this matter for sellers?

The headlines driving businesses exposed to social distancing restrictions are coming to the end of the dead-cat-bounce. It is unlikely we see moderations of social distancing until early-mid 2021 and depending on the severity of the second wave, 2022 expectations can be hit badly meaning instead of finding a strong bid at the lows we can enter into an inertia free fall until we clear the virus completely.

Thanks as usual for keeping the feedback coming 👍 or 👎



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