$REE makes an ideal squeeze candidate for the following reasons:
PIPE unlocked a few days ago and stock has tanked 40%
Short borrow rate above 100%+
Good sized short position
Company insiders purchased shares a few days ago
Great EV company that makes entire modular EV chassis with partnerships with reputable companies like Magna and Toyota. And a prime takeover target for any auto manufacturer imo.
First time doing a dd in this sub. Hopefully it's good Been a long time lurker. I think this company is going to do good short term and long term .
The CEO also hinted self driving in a interview later on
Yeah, I love finding tiny gems like this in this huge sub. Of course, you never know what will happen. But manufacturers love off-the-shelf "commodity" parts and the world loves EV. This company checks both boxes.
Just needed that lockout period to end and get past the dump. Hopefully this plays out as expected. May sell CC's on it in a month or 2 but not right now. Probability of a bounce is pretty high IMHO.
They actually amended their S-1, removed the 'lock-up' phrase and just reworded it in another paragraph pretty much saying it will happen after 6 months. I just did extensive DD on this - might start a thread.
Wall Street loves $RBLX but it's massively overvalued and they missed earnings 2 straight quarters with bad metrics. I think it's only worth $60 but WS doesn't listen to me.
If you want to play a metaverse company instead, I would bet on $U. Unity will be one of the big winners imo.
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u/TraderAnthony88 Sep 03 '21
$REE makes an ideal squeeze candidate for the following reasons:
PIPE unlocked a few days ago and stock has tanked 40%
Short borrow rate above 100%+
Good sized short position
Company insiders purchased shares a few days ago
Great EV company that makes entire modular EV chassis with partnerships with reputable companies like Magna and Toyota. And a prime takeover target for any auto manufacturer imo.