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Hertz (HTZ) - sink or swim?

Discussion in 'International Markets' started by eChamp, Jun 26, 2020.

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  1. eChamp

    eChamp

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    Hey guys,

    Need some opinion whether i should keep or let it go. I've option HTZ on plus500 which now been taken off the list.

    I had an open margin of $1,000 aud which reach to $18K+ profit however i didn't cashed it out.

    It sink all the way down to $400 positive. Today its back up to $2,500

    Will Hertz get bail out ? First wave seem to be pump and dump before it goes busto. I got a good feeling since its back up again.

    Anyway what do yo guys think?
     
  2. peter2

    peter2

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    If you weren't happy to cash in the 18K profit on a company that is in Chapter 11 (bankruptcy) then you're just gambling* that another company will buy the old Hertz shell. There's no guarantee that if someone does buy the Hertz assets (cars) they will resume the prior Hertz business. Any sale of the assets will go towards paying the Hertz debtors first.

    htz01.PNG
    * You're just gambling. Enjoy the action. You're paying for it.
     
    qldfrog and Dona Ferentes like this.
  3. Dona Ferentes

    Dona Ferentes

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    Do you feeling lucky punk?
    and then
    so, still there?
    Noah Smith is a Bloomberg Opinion columnist.
     
    qldfrog likes this.

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