Short Sony (SNE)

3 thg 4, 2020

The current economic situation around the world sprouts an economic recession and even depression. Sony sells a lot of nonessential products, while their products are great their sales are likely to drop given the significant less amount of cash and cash flow the average person has. There currently are unemployment benefits in the U.S. and likely other countries but that will not be enough. At the same time Sony has had a strong move down below the previous support and it is likely to have just started that trend. I am short Sony.