High-beta momentum type stock
Lack of daily volume reflects:
• weak market
• uncertainty re rates and war
• traders consolidating high-risk names
Appears to be a good size increase in short interest 5.67M shares as of 2/15/2022, almost 2 days worth of average trading volume
Market disrespected recent earnings release. Sold-off on strong numbers.
Anticipate:
• continued weakness and drift downward
• sooner or later may see a quick violent upturn in share price
Note:
• Cash represents 19% or market capitalization (end of 2021) $5.36 Billion
Downside risk could be as low as $115 to $125. Unknowable if it will hit that level, but I would consider that a compelling buy area.
Currently considering selling a Chinese EV company I'm tired of following and adding those funds to my small position in
TWLO
Lack of daily volume reflects:
• weak market
• uncertainty re rates and war
• traders consolidating high-risk names
Appears to be a good size increase in short interest 5.67M shares as of 2/15/2022, almost 2 days worth of average trading volume
Market disrespected recent earnings release. Sold-off on strong numbers.
Anticipate:
• continued weakness and drift downward
• sooner or later may see a quick violent upturn in share price
Note:
• Cash represents 19% or market capitalization (end of 2021) $5.36 Billion
Downside risk could be as low as $115 to $125. Unknowable if it will hit that level, but I would consider that a compelling buy area.
Currently considering selling a Chinese EV company I'm tired of following and adding those funds to my small position in
TWLO
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.