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Thread: Time to short Samsung stock

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    Platinum ftpjesus's Avatar
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    Time to short Samsung stock

    Expect a complete bloodbath tomorrow(Tuesday as Mon is a holiday here)Samsung who had been giving Apple a run for their money head to head has now admitted they've shit the bed entirely and are pulling all Samsung note 7s from the market after the replacement devices were blowing up also. This is the first time a major cell manufacturer has had to completely pull an entire model due to such a failure. This as IPhone 7 are coming out. On top of that a Samsung Rep was caught inadvertently texted a customer who's phone caught fire in his bedroom and wasn't even charging. Expect Samsung stock to drop minimum 10-15% in the morning. News hasn't hit Korea yet it appears but stock is down 2% in trading in Asia.

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    Golf Professional Tegnation22's Avatar
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    Hhhmmmm thoughts?

    I've got a few grand kicking around in my brokerage account. What's my play?
    "I hit that shot because it was a defining moment and when a defining moment comes along, you either define the moment or the moment defines you" Roy "Tin Cup" Mcevoy

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    I doubt it drops 10-15%. The Note 7 is a small percentage of their revenue.

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    Plutonium Sanlmar's Avatar
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    Didn't watch the debate but the stock market futures tell me Hillary won.

    I ain't playin today but feels like a fade

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    Stock barely moved in Korea. And ever since the Note 7 fiasco started, the stock has been on fire.

     
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      Belly Buster: Stock on fire rep

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    Now that stock is down 6% Korea. Looks like they might stop sales of Note 7 permanently.

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    NoFraud Poker Room Manager Belly Buster's Avatar
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    The aviation authorities have banned the use of note 7s on flights and announce this over the intercom when you get on the plane.

    Even if they didn't sell many note 7s, this has to be very bad PR for Samsung.
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    Plutonium sonatine's Avatar
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    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

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    Bronze Buck Nasty's Avatar
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    Quote Originally Posted by sonatine View Post
    I'm glad I went with the LG.

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    I have one of those washers...they built that thing with cheap parts that hold the tub in place the pieces break and mess up the wiring....Samsung refusing to do a recall and fix the problem...never buying Samsung anything ever again.

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    Photoballer 4Dragons's Avatar
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    So when does it get leaked that Samsung is building shit in North Korea on the down low to save money?

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    Another fail thread. Stock at all time highs in Korea.

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    Quote Originally Posted by snake_in_the_ass View Post
    Another fail thread. Stock at all time highs in Korea.
    Fresh all time highs again! Stock up 30% since this thread was started. Do the opposite of what people post on this forum and get rich!

    - Druff sells bitcoins at $200-$250 and they soar to all time highs.
    - Big Dick says Clinton is a 100% lock and he loses his ass
    - Mintjewlips goes all in on the Warriors vs Knicks and goes broke

     
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      GringoStar: Don't mistake historical, retroactive knowledge as your own personal wisdom.

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    ****bump****

    Do the opposite and get rich. Including several of my own fail posts.

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    Gold sah_24's Avatar
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    As always on PFA do the opposite luls

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