Posted 1 year ago
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VW has certainly plunged today, but compared with the dramatic one from Feb/Mar 2015 to Sep 2015, I would be surprised if you see anywhere near an equivalent fall. As always, I am prepared to eat my words, should that happen.
If you are going short, be sure to lock in some of your profit when it gets to 116 or there about. Personally I stear clear of car manufacturers. But, this might be a time to consider the likes of TESLA, if you are looking longer term - e.g. short DAI.D long TSLA.
Best of luck