Astom Martin update

Aug 6, 2019

Aston Martin had a bad run from the start as the open price of 1915 plummeted to, currently, 460 area. Recent word from Merrill Lynch changed the forecast from 'buy' to 'hold' as Aston issued profit warnings and earnings forecasts were cut by 40%. This is where investors are waiting for the stock to become cheap enough to buy, but it seem like it could still go lower before the big institutions commit to the this stock. Potential short term trade on the long side as we retrace a little here. Good Luck!