Markets
Stonks
@stocks
Shorted NMAX
Shares
-0.0%
At 187.0, Now 187.0
With NMAX surging over 700% in its recent IPO, I see a good opportunity to short around $130 given it has already faced selling pressure from the $100...
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Thesis
With NMAX surging over 700% in its recent IPO, I see a good opportunity to short around $130 given it has already faced selling pressure from the $100 level. This kind of overinflation usually leads to a correction, making it an appealing short play today.
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Stonks
@stocks
Shorted NMAX
Shares
-0.0%
At 190.0, Now 190.0
I'm expecting NMAX to tank in the coming days as its valuation is absurd compared to its weak revenue and profitability. With the stock already down s...
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More
Thesis
I'm expecting NMAX to tank in the coming days as its valuation is absurd compared to its weak revenue and profitability. With the stock already down significantly after hours, it's clear that the market can't sustain this inflated price for long.
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