Is it time to short yet?
$Grab Holdings (GRAB.US)$ high enough? or wait for its good news?
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法海生气了 : I am also waiting for the time to go short. But it's too risky to watch for a day. Don't make a decision until Monday.
neyneypok : I was shorting this since 2.75 and averaged it out to 2.909. Yesterday I changed it to long position because I think the market has change (no more downward trend to 2.3 range) because all the big companies releasing their finacial report this week and I think a lot of investors grew confident with the market.
neyneypok : Uber beat estimates also. Many people are confident with this stock and they should be holding long position until the report (which will be good - I know because I drive Grab part time
) comes out.
法海生气了 neyneypok : Yes... I have no confidence in shorting. So this is my cooling-off period.
neyneypok 法海生气了 : Maybe can start shorting next week. But need to monitor on Monday first. I scare Grab last min announce informal financial report that can kill all the shorties.