CryptoFundManager

Wirecard WDI in the midst of bankruptcy

Short
XETR:WDI   WIRECARD AG
The resignation of chief executive Markus Braun, the group’s largest shareholder, happened “in mutual consent with the supervisory board”, Wirecard said, after the company seems to have committed accounting fraud of 1.9bn euro missing.
Usually a chief executive can`t sell his shares as long as he is still on in the board. So he had 2 options: resignation or divorce, like Jeff Bezos - and then his wife could sell at least 400mil usd worth of shares. :) Mr. Markus chose resignation.
So what do you think it will be the outcome of his shares?
I chosen the 1h chart because if you want to play with fire it is the highest timeframe where you have e buy indication. In rest, shorting is the only option.
Looking at the market cap, Wirecard is at the 2014 level with 3.15Bil. it has still a lot of room to go down. I wouldn`t be surprise to see the 2008 low price of 3.5 euro .
Not financial advice.
PM me if you want to receive some accurate buy and sell indicators.
Trade closed: target reached: WDI Wirecard reached 2.5 price today, even lower than predicted. This is a bounce or die price. Market cap of 460 mil at this point.

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