Target Breaks Down The ChannelTarget became the next Target of Republican-affiliated boycotts.
It is spreading across social media in a similar way Budlight did.
I believe it is worth considering to short now as it is unlikely it will regain previous levels. The situation is developing too fast for anyone to be buying it now.
Boycott
Keepin Track Of The Boycotted Companies (Or At The Risk Off)I've been watching the situation in the US with interest for the past few years. It seems that the customers are slowly creating parallel economies - one for Democrats and one for Republicans. The people are rich enough so they can afford to choose products from a company that shared their beliefs.
So far it does appear that Republicans are better able to mobilize in order to boycott (Budlight) as well as to protect their own companies/products they like that the Democrats are attempting to boycott (Hogwarts Legacy).
Anyhow, the most recent examples started with Budlight. I shared my analysis and the position I showed is still in the chart. The company is in a struggle to obtain new customers and/or retain the old base and moreover, has just been sued for marketing the beer to children. If their official numbers are precise, the sales of all Anheuser-Busch (BUD) products are down and the Budlight trademark may be dead for good.
This momentum sparked another attempt at Cors who is a direct competitor of Budlight as its March advert went viral and is interpreted by many as an attack against man. But they also benefited from the Budlight boycott. So far I am not sure if there is any measurable impact on their brand, but they did go down along with the rest of the stock market putting my position in profit.
The last targeted brand is ironically called 'Target' (TGT). They published an LGBTQ+ promotion clothes collection for children that haven't even reached puberty yet. This is, of course, raising some eyebrows as to how children that can not drink beer, get a tattoo, drive a car, etc. can possibly make decisions with lifelong consequences. I didn't open any position on Target as I failed to anticipate the scale at which this may grow into. Plus there just wasn't a technical setup.
It is possible this list will grow but so far these are opportunities enough. It isn't immoral to short the market. It is not our fault or decision that the company elected leadership that fails to connect with its customers, yet we may be part of purging this incompetence out of the markets, curing them as a result.
Good luck!
This BUD has been tainted - the case for short selling BUDI wanted to present to everyone the reasons why we like short selling BUD including the use of long put options
The first and primary reason is because of the risk/reward ratio. The risk-to-reward is 1 to 15, even though there is never a risk free trade, BUD went into such an overowned or extended price placement that it would be difficult to sustain such momentum
In this case we have 1000 shares short to (1) allow for 10 call options in case the trade does not go our way - the no loss rules applies to all trades
Here is the reasonsing for publishing this idea
PRESS THE PLAY BUTTON. The feedback about the efficacy of this trade matters.
(1) to allow for the play button to validate our idea, in time winning trades should be seen
-A heavy short sale like this can be covered in several different locations, that is the targets that we laid out on the chart 61, 58, and 52 or 51
-The stock recently traded in an overbought territory from early 2022; namely at a time when the market was peaking for January/February of 2022
-there have been many upside gaps along the way up they tend to fill
-at the moment price is very high above its moving average and stocks do show a tendenncy of reverting back to the mean
-the longer term equilibrium is near 50 and the news flow will not be very positive to its customers about its insane marketing campaign, the company will have to do a lot to repair its reputation after recent events
I placed an overall target somewhat close to price because drink stocks tend to do well even in light of blunders like recent times. There is always room for improvement, and we are enthusiastic about showing the results as they come in.