Golfistry

Calling out Medtronic's Bluffs

Short
NYSE:MDT   Medtronic plc.
On April 6th, Medtronic announced that they will produce ventilators in Foxconn new Wisconsin plant. Stock price shot up high. Unfortunately, a bearish RSI has appeared and also Medtronic promises to keep the ventilators' price lower than normal pricing before the pandemic. What if covid-19 started to decline and the demand for ventilators rapidly decline? What will Medtronic do with all of the overproduced ventilators? Medtronic claimed to increase production to 1,000 per week by the end of June but Foxconn spokesperson didn't response on that comment. Therefore, I would call out Medtronic's bluffing to increase its stock price. It should burst soon and it will only get more ugly than before.
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