Notable Stocks – August 2020
The astrological point of view on the stocks which are in the news currently performing are discussed here.
TSLA -Tesla Inc
The stock of Tesla has been performing as if there is no upside limit. It was $330 on March 18. Today, August 21, it is about $2100. That is more than 6x in five months. I therefore decided to look at it closely and share with you as to ‘how can this happen’ and see if it is a time to short this stock. Well, my findings may surprise you. The configuration of planet is still favorable for this stock until next year. I cannot say how far this can go, but if somebody wants to short it, he should be extra, extra careful.
An update about Mallinckrodt (MNK):
This company has filed bankruptcy last week. I have mentioed earlier also – in comments section – that this stock is a total gamble now. It can go to ZERO in a few months. And there is a high probability of that. It may also go to $5 or $10 or even $20 in about 5-10 years. But there is only a small probability of that. If you are invested in it, leave it there if you are completely OK with losing your money. Otherwise sell to recover at least $1.50.
Other companies of 10 for 2020 like, AMZN, FB, WIX, ENPH and BIIB etc are doing good. This episode only shows the importance of diversification.