Don't be a fool. I would be running for cover if I haven't already ( I shorted this thing). Their earnings just got spanked and the stock is going to open way lower tomorrow morning. Don't listen to people telling you to buy as they are likely unloading on you and you will be the one holding the bag. This thing is going back to the $10-$20 range before possibly going out of business. They will try to live on the capital raised when they issued new stock into the market. So much for the SEC protecting people right?
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Earnings didn’t “fail”. EPS is lower due to the board investing in their transformation. Revenue is as strong as ever.
DefyingFinance
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@RocketTraveler, Profits matter. Whats the point of a high revenue if you don't make money? Nothing.
RocketTraveler
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@DefyingFinance You just answered your own question. Of course profits are what matter at the end of the day. Why else do you think the board is investing heavily? You have to spend money to make money.
kingcoopa713
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@DefyingFinance point would be valid if you would acknowledge the fact that if you are branching out into a different market then lack of profits is expected. your argument only becomes valid if the gap between profit and revenue expands in the coming earning seasons... this earnings was lack luster but if revenue is growing then eps is less of factor. ps your using the same failed logic other bears had on tsla before they became profitable and we both know how well that worked out. lastly the retail kids do have a valid thesis in terms of overlevegered firms. retail cannot quantify the amount of shares synthetic and if they could we both know that liquidation will occur first to people like you. shorting this puts you into the same category as the holders at least they can't be forced to sell if it does goto your 20pt. vs if it goes back to even 300 your ass is getting a margin call. and for someone how thinks they are a pro your short position tells us otherwise and that you lack adequate risk management.
Gameonanon23
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Citron Research’s alt account on tradingview. Didn’t the feds seize all of your devices, pleb?
hollyw00d_
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You realize if it does go to $10 how quickly this stock will get bought up
DefyingFinance
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@hollyw00d_, No. And for those who do, good luck. Buy stocks on company performance, not stock price. Otherwise, you're living in a tulip bubble.
jdmssfbtw
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What absolute garbage. The $10‐$20 range? Go ahead and short it more. 😂
Queijocas
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@jdmssfbtw, probably not a bad idea. GME generally falls for two months after their earnings
ashyboy123
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@Queijocas I don't think as low as 10-20, but agree a couple on a couple of months drop. Thinking 40ish range.