A Closer Look at Car Stocks

Featuring Max Wolff

Is there more room on the downside for car stocks? Max Wolff, co-founder of Multivariate, answers this question as he revisits his bearish thesis on the auto sector from the end of April. He discusses the recent price action, catalysts to watch and specifically how to make the trade, in this interview with Brian Price. Filmed on October 29, 2018.

Published on
31 October, 2018
Topic
Macro, US Economy, Trading
Duration
10 minutes
Asset class
Equities
Rating
15

Comments

  • CB

    C B.

    1 11 2018 16:53

    4       0

    I still can not understand the idea of being a short term trader, especially on a retail level, in stocks. The deck is so stacked against you, the transaction costs, the hfts, the competition, and the skew towards positive returns when going short. I think it is the narrative that Wall Street tells, “you can get rich”. Even though the probabilities tell you that is a complete fallacy.

  • DI

    Dabangg I.

    31 10 2018 21:58

    3       0

    lol this on GM and and yesterday's Canopy "trade ideas" couldn't be timed better. Maybe its better to be contrarion to Real Vision experts.

  • RE

    Richard E.

    31 10 2018 18:00

    1       0

    The mea culpa is appreciated but how can you say 'there was a news event we couldn't see coming' when anyone who follows the company should know the value and potential of their autonomous unit and could sense that it would be monetized in some way?

  • JP

    John P.

    31 10 2018 17:18

    0       0

    I don’t think the potential sales decline matches how beat down the stock already is. There are better shorts out there.

  • RK

    Roger K.

    31 10 2018 14:48

    1       0

    Normally Max's call are correct. But it would have been more helpful if he had talked about the background of the GM and it's fundamental picture , debt situation etc.... Just rising interest rates and rising oil price only won't be a much of a conviction.

  • TB

    Tim B.

    31 10 2018 11:38

    0       0

    Would be interesting to get an update on his gold trade. The market has changed since that trade idea was put out there.

  • ZY

    Zheng Y.

    31 10 2018 10:10

    1       0

    check out weekly, it is oversold, not good time to short, till back to MACD center line, unless one have interest in this check out trend line it holds the long term uptrend since 2009, intermediate term just broke the downtrend
    with good price volume action at current bottom. Why ask the people to jump in, unless this guy himslf have interest in. This guy is really interesting. Sorry for this outburst.