BurnBright
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Took a quick look at this one. It is a bit of a special situation with the merger with VRX so i would recommend some fundamental analysis on this one.
Telsa may be good for a short term short when it becomes available (forget if it is unavailable to short just the first day or the first three days) lots of hype driving it to now a 2 billion dollar market cap which is hard to justify yet. If I remember correctly the first month has a limit to the sell side promotions of the stock so that may present a opportunity before they decide to prime it to distribute it. Of course you will need to be careful with it due to its hype it could easily go to 4 billion on that.
edit: If it goes below the $17 issue price it could go to ten or lower. Reasoning currently selling for about 20x sales and already increasing burn rate in the first quarter think they will need to raise $ again soon. It is a cool car company but still a car company.
Took a quick look at this one. It is a bit of a special situation with the merger with VRX so i would recommend some fundamental analysis on this one.
Telsa may be good for a short term short when it becomes available (forget if it is unavailable to short just the first day or the first three days) lots of hype driving it to now a 2 billion dollar market cap which is hard to justify yet. If I remember correctly the first month has a limit to the sell side promotions of the stock so that may present a opportunity before they decide to prime it to distribute it. Of course you will need to be careful with it due to its hype it could easily go to 4 billion on that.
edit: If it goes below the $17 issue price it could go to ten or lower. Reasoning currently selling for about 20x sales and already increasing burn rate in the first quarter think they will need to raise $ again soon. It is a cool car company but still a car company.