Quick follow up. Stay short and look to Deep Crab PRZ @ 15 then we see if this is like FB after it tanked post-ipo. There is a long opportunity here but 20% lower. Update to come...
Thanks! Looks like strong support at 17 but with lockup expiration could def. hit 15 maybe even briefly since they got their shares for free...some shorts are saying single digits...how low do you think it would go after lockup exp. - i think one in July & another in Aug.?
WaitingToShortTheNextCrisis
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Ho ! I think the IPO price is a huge resistance and the stock might rebound. I am extremely bearish on the stock but being short at this level seems to be low profit / high risk. Have a good day.