Shorting Social Media

Published on
September 19th, 2018
Duration
15 minutes

Shorting Social Media

Trade Ideas ·
Featuring Tony Greer

Published on: September 19th, 2018 • Duration: 15 minutes

Tony Greer, founder of TG Macro, reviews his bearish thesis on the big social media stocks. He discusses just how low these high-flying names can fall, and how to make the trade, in this interview with Justine Underhill. Filmed on September 12, 2018.

Comments

  • YW
    Yowshi W.
    6 October 2018 @ 15:00
    TG has been hot with his trading ideas recently.. GOLD, SOCL, EEM...well done
  • RP
    Ryan P.
    30 September 2018 @ 22:10
    He doesn’t seem to wrapped up in his own agenda to be honest. To bet against the facts... yes facts he states, actually being ignored by users and user growth declines as not substantial reasons to fade these names... your being ignorant and also pretty much admitting people don’t care about heir freedom of speech or privacy. The caveat to a FB short is that it owns a lot of other apps like Instagram that still get heavy use. These apps will live and die with their users so that’s really the key data point I would use to gage future growth... it’s as good as earnings in this space IMO.
  • my
    markettaker y.
    22 September 2018 @ 02:14
    Feel like since TG thinks the socmed companies are all braindead liberal loser zones, he's short them <- then everything else is kinda backfilling and rationalizing that attitude. If the markets are going another leg up, then the socmed ETF is going up.
  • KB
    Keith B.
    21 September 2018 @ 23:28
    Normally I wouldn’t comment, but since TG brought up AJ three times during his pitch, it’s fair to point out that his body language does resemble that of his idol. In terms of arguments and style of persuasion too, his pitch was pretty much how I would imagine AJ to present a short on social media. Only on RVTV.
  • MC
    Matthew C.
    20 September 2018 @ 13:18
    One of the best contributors of the trade ideas segment in my opinion, his ideas are always well thought out from fundamental catalyst to technicals as well as exact levels he is going to trade at - all of which he puts himself on the line with regularly for RV and daily in his note - and most importantly he has no problem with admitting when he got it wrong.
  • SJ
    Stefan J.
    20 September 2018 @ 06:39
    good idea ...
  • TB
    Troy B.
    20 September 2018 @ 06:22
    Steemit and Dtube are decentralized versions of Youtube.
    • DB
      Douglas B.
      23 September 2018 @ 01:16
      Decentralized 😂🤣
  • NI
    Nate I.
    20 September 2018 @ 04:48
    The social media companies are insanely overvalued, but investors continue to buy the names. Don't ask me why, but I don't think the mass psychosis has ended. I would guess it has a lot to do with ETFs and index funds offering a perma-bid for the companies without regard to their fundamentals. I can see these companies doubling or tripling in price again because it's not like there was any fundamental reason to buy them 400% ago. Sure, they're guaranteed to decline big time at some point, but I think it's a fool's errand to time that event with a short sale. I see it as less risky to take your money out of FB, GOOG, TWTR and the rest of the nifty-fifty FANGifity and invest it elsewhere versus trying to be a hero with the short. Would be awesome if it worked out though.
    • MZ
      Martin Z.
      21 September 2018 @ 06:21
      I agree, Nate. This guy sounds convincing, but he has way too much of his own agenda wrapped up in this trade. I don't like or even use social media myself, and would just as soon it disappeared altogether, but that's irrelevant. The industry has far too much power, but it can be counted on to use that power to prevent anything more than grandstanding by politicians trying to curry favor with voters. Hopefully decentralized alternatives will eventually emerge to displace monoliths like FacePlant and Twit. But for now they are probably TBTF - and IMO definitely TRTS (Too Risky To Short).
    • my
      markettaker y.
      22 September 2018 @ 02:14
      THIS.
  • ML
    Mathieu L.
    20 September 2018 @ 00:51
    Steem It people!!! Lower than any tech stock right now :)
  • MS
    Matt S.
    19 September 2018 @ 18:29
    For real - it's time for these arrogant bar stewards to go down. Throw TSLA on the flames too, while you're at it!
  • AS
    Alan S.
    19 September 2018 @ 18:08
    "Finally time to be short SOCL", same thing he said in July 2018. At that time he suggested the downturn was imminent, suggesting shortest term options were the way to play it. Two months later, same thing. As to suggesting Alex Jones is "a news service", suppose the same could have been said about Hitler's propaganda machine; both statements are inaccurate and contemptible. Making money is the purpose of being here, but following the advice of a veiled Alex Jones supporter; no gain is worth putting aside decency.
    • MS
      Matt S.
      19 September 2018 @ 18:33
      Alex Jones is right about 80% of the time, unlike CNN for example. Get on the right side of history before it's too late! Don't drink (((their))) Kool-Aid ;)
    • AS
      Alan S.
      20 September 2018 @ 01:48
      Matt S., I don't walk with Nazis, I am on the right side of history.
    • MS
      Matt S.
      20 September 2018 @ 13:02
      You clearly know NOTHING about the truth of history (like most of the population) Keep swallowing those blue pills! ;)
  • DR
    David R.
    19 September 2018 @ 15:51
    Relies on Fibonacci numbers (check out the putrid performance of Robert Prechter - Elliot Wave theory). He supports Alex Jones's right to spew conspiracy theories and hate speech. Doesn't mention valuation once. I wouldn't put much stock in this guy. I'm sure he makes more money selling newsletters than investing...Just like RV and many of their guests.
    • MS
      Matt S.
      19 September 2018 @ 18:31
      There's no such thing as "hate speech" it's a completely spurious term dreamt up by (((them)))
    • ns
      niall s.
      20 September 2018 @ 08:32
      ouch !!
    • my
      markettaker y.
      22 September 2018 @ 02:16
      yeah, thought the fib basis to kick it all off was totally weird. Like, hasn't this stuff been simply debunked?? bizarre.
  • V!
    Volatimothy !.
    19 September 2018 @ 12:17
    Love your bold antisocial trade Tony. Zuckerburg and Sandberg have been selling a lot of shares this year. I took that as a sign. One correction, Richard Burr is a NC Senator.
  • PP
    Patrick P.
    19 September 2018 @ 12:16
    I'm not sure the timing is right .... however IMO when Google gave congress the finger that was a big mistake.