TM- another safety issue for Japanese Automakers

Jun 3

This may be a big one!
TM has halted shipping of some models due to certification safety concerns, but no one knows how big those issues are. This is a highly speculative trade!
Stop above $223 and I will update on profit target

Jun 9

Trade active

"The Japan Times" reported last week that big banks are bailing out and there is 42.5 million shares authorized for sale. Even though this is a relatively small amount of the 16 billion shares float, lets see if this baby can be really cracked.
Target 1 $180 area
Target 2 $135 area

Jun 14

Trade active

Sharp price brake and closing below the $200 while US markets were strong.
TM is also below the level it was before reporting the blow out earning on Feb5,2024.
Target 1 185-181
Target 2 150-144

Jun 24

Trade active

If they push the price down on Monday, i am considering taking some profits...

Jul 1

Note

this is the case when your intuition says "cover, the stock is down 25% without one bounce", but you come up with extras like "waiting for a gap down".
I think this bounce is fake and itching to add to my short. But I've seen this a million times and will not because they can run it up more. A lot more!
For now holding on to the original short from 211 and this will be my last trade in TM (or any Japanese stock) for a while.

Aug 1

Note

YES! That's the break I've been waiting for!
TM released its earnings and beat the estimate by +$4.5 billion on revenue and +$1 EPS. Regardless of those great numbers, this is what "should" happen after major institutional investors vote to sell the stock. I think we have not yet heard the real problems the company has gotten itself into regarding the quality and certification of its vehicles. Let's wait for the news to tell us about that.
Regardless of all that, I'm taking profit on 40% of my position.

Aug 1

Note

i took profit on 60% not 40% of my position. This was a huge move in the last 3 months and TM can bounce 20 points in just a few days...

Aug 5

Trade closed: target reached

That was a sweet gap down on TM, after Nikkei closing -12%. I am out!
When you get a gift like that, it is wise to take your profits and enjoy the summer.
Thank you.

Nov 15

Note

covered 35% of the short at 172.71 and my position entry price now is 184.29
it may break down from this base, or it can bounce to 190 supper fast.
lets see can crack the 172.50 support area

4 days ago

Note

...Or maybe it bounces to $195—a 14 points gap—on a plan to double profitability.
I’m done with Japan and don't argue with prices. Sayonara.