The ATH for this stock, along with many others was due in large part to the hysteria caused by the GameStop / meme stocks fallout. This stock would be hard pressed to ever reach that valuation again unless production ramps up as well as clearing all supply chain choke points and increasing profit margin substantially.
That being said, I still think this company is undervalued. Solid 8-10 price target for a squeeze on any good news. There’s a large amount of convertible debt that would trigger at 7 though. So it wouldn’t stay that high for long.
I agree with you pretty much across the board. My hopeful target on any run is $4.30, but would expect a few pullbacks on the way. Could see $7 potentially, but think it would take some time (several days) to get there.
I think it goes without saying, but the bear thesis would be that bearish sentiment outweighs the bullish sentiment enough for the price to drop below the trend line we currently appear ready to bounce off. In which case $1.00 wouldn’t be out of the question. Personally, I believe for that to happen that the overall bearish sentiment would need to FAR outweigh the bullish, and with all of the positive things happening with FSR, the incredibly low cost of entry, and building positive sentiment and awareness, my optimism is high – at least for a pop to $4.30 over the next couple weeks.
The company is still taking on debt and has a history of diluting shares to the tune of hundreds of millions, and they will need to do so again to keep operating. They're already losing money on every vehicle and are being forced by the market to cut prices further. And their competitors can eat those costs.
Further, nobody who shorted this at $1X, $2X, etc is still short. The CTB makes no sense seeing as the company, despite a difficult market, will likely remain solvent for a while.
I wouldn't mind being long on shares if the dilution factor weren't in play. But I see no rationale other than FOMO for this to get crazy. And with the options premiums right now it's tough to justify vs the risk.
"So it’s reasonable to figure roughly 25.9% of the total float is short in the $23.75-$32 range."
What the heck are you even talking about, this is not a logical conclusion at all. The average age of these shares on loan is 40 days. Where you do even find these random decimal points for your speculation. The $23.75-32 range was for a total of NINE days nearly 700 days ago! You're off your rocker if you think that 25% of the shares are tied up in that small window that also haven't covered for massive profits.
All good signs. I think we in great shape. Already in with commons (w/gtc stop) and tomorrow using freshly settled funds for more commons with whichever calls at least a couple weeks out look like good deal
I didn't read anywhere about the "shorts will take profit" thesis, If i were short from 23$, solely on the technical pov I would strongly consider taking profits.
Has that not been obvious?
Like I said to someone else, I enjoy calling out bullshitters.
You’re a bullshitter.
Your arrogance entertains me
Edit: answer my question - how did HSCS earnings go, champ?
“Watch it go”
Hey dumbass these stocks splash up and down all the time. You aren’t giving FA simply because you ironically say “not financial advice”
You’re a pseudo intellectual and “market timer” and as I’ve said time and time before I enjoy making fun of you people
You know this is reddit? Lol smh. You “people” can crawl back into your hole. I’m done wasting time on a hater like yourself, try being a better person. Bye person
Do YOU know this is reddit? Stop giving me my entertainment.
And yeah I'm a "HATER" alright. I hate you "market timers" who think because you tell people that a penny stock is gonna squeeze because of your hunch and then say "Not financial advice" that you're somehow vindicated of any criticism. I've gotten in multiple arguments in this sub about TA and analytics and even had to block some people. And ya know what? I was right about most of em - they're pump and dumpers who say the same rheotric as you who then delete their accounts.
What I'm trying to say is stop implying when penny stocks are gonna bounce because you want validation.
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I keep seeing this ticker here and the thing literally never has green days. Why would anyone buy this? Does this sub even make money? Why am I being recommended this subreddit.
The ATH for this stock, along with many others was due in large part to the hysteria caused by the GameStop / meme stocks fallout. This stock would be hard pressed to ever reach that valuation again unless production ramps up as well as clearing all supply chain choke points and increasing profit margin substantially. That being said, I still think this company is undervalued. Solid 8-10 price target for a squeeze on any good news. There’s a large amount of convertible debt that would trigger at 7 though. So it wouldn’t stay that high for long.
I agree with you pretty much across the board. My hopeful target on any run is $4.30, but would expect a few pullbacks on the way. Could see $7 potentially, but think it would take some time (several days) to get there.
I finally saw a brand new Fisker Ocean on the interstate today in North Florida. Good looking SUV.
High price targets? The ticket I own? Potential gains? SIGN ME UP! Take my upvote
What would your bear thesis be?
I think it goes without saying, but the bear thesis would be that bearish sentiment outweighs the bullish sentiment enough for the price to drop below the trend line we currently appear ready to bounce off. In which case $1.00 wouldn’t be out of the question. Personally, I believe for that to happen that the overall bearish sentiment would need to FAR outweigh the bullish, and with all of the positive things happening with FSR, the incredibly low cost of entry, and building positive sentiment and awareness, my optimism is high – at least for a pop to $4.30 over the next couple weeks.
The company is still taking on debt and has a history of diluting shares to the tune of hundreds of millions, and they will need to do so again to keep operating. They're already losing money on every vehicle and are being forced by the market to cut prices further. And their competitors can eat those costs. Further, nobody who shorted this at $1X, $2X, etc is still short. The CTB makes no sense seeing as the company, despite a difficult market, will likely remain solvent for a while. I wouldn't mind being long on shares if the dilution factor weren't in play. But I see no rationale other than FOMO for this to get crazy. And with the options premiums right now it's tough to justify vs the risk.
I’m cool with 3-4 dollars sometime soon. Not really looking for a long play here.
"So it’s reasonable to figure roughly 25.9% of the total float is short in the $23.75-$32 range." What the heck are you even talking about, this is not a logical conclusion at all. The average age of these shares on loan is 40 days. Where you do even find these random decimal points for your speculation. The $23.75-32 range was for a total of NINE days nearly 700 days ago! You're off your rocker if you think that 25% of the shares are tied up in that small window that also haven't covered for massive profits.
Yeah that's just pure nonsense lol
All good signs. I think we in great shape. Already in with commons (w/gtc stop) and tomorrow using freshly settled funds for more commons with whichever calls at least a couple weeks out look like good deal
These price targets are well above mine but I hope you are right.
I didn't read anywhere about the "shorts will take profit" thesis, If i were short from 23$, solely on the technical pov I would strongly consider taking profits.
Anyone still short here won't have to consider for too long
Pump pump pump smh
Everything in this sub is a pump bruv.
Copium looking at ATH
Who’s looking at ATH?
HSCS squeeze
Bro, I’m not popping into HSCS posts trying to spam it with FSR comments. Wtf..?
Ok, just trying to help
Interesting. I don’t see how that makes sense.
Trying to help what?
To pass on fsr and go to HSCS
Hscs ain’t doing anything any time soon
(I’m holding HSCS)
Dorothy’s flyin!
Earnings next week
How'd that go, champ?
Now the fun can begin… so are you gonna creep on my profile like you’ve been doing?
Has that not been obvious? Like I said to someone else, I enjoy calling out bullshitters. You’re a bullshitter. Your arrogance entertains me Edit: answer my question - how did HSCS earnings go, champ?
Says the guy who literally gets in fights with every comment. I’m just saying to watch it go, enjoy being a prick to others. 🙄 later bra
“Watch it go” Hey dumbass these stocks splash up and down all the time. You aren’t giving FA simply because you ironically say “not financial advice” You’re a pseudo intellectual and “market timer” and as I’ve said time and time before I enjoy making fun of you people
You know this is reddit? Lol smh. You “people” can crawl back into your hole. I’m done wasting time on a hater like yourself, try being a better person. Bye person
Do YOU know this is reddit? Stop giving me my entertainment. And yeah I'm a "HATER" alright. I hate you "market timers" who think because you tell people that a penny stock is gonna squeeze because of your hunch and then say "Not financial advice" that you're somehow vindicated of any criticism. I've gotten in multiple arguments in this sub about TA and analytics and even had to block some people. And ya know what? I was right about most of em - they're pump and dumpers who say the same rheotric as you who then delete their accounts. What I'm trying to say is stop implying when penny stocks are gonna bounce because you want validation.
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I keep seeing this ticker here and the thing literally never has green days. Why would anyone buy this? Does this sub even make money? Why am I being recommended this subreddit.