Been talking about buying PUTS in for months now and here are some reasons why
Time for a thread 👇
Their CEO hired influencers to help promote the stock early on. Rarely do you see a company going public do that synths scale he did. This was a red flag that the tech and story alone did not have enough value.
Company was not on a roadmap to produce the vehicles they promoted in a timeframe they could reach and scrambled to find a partner in GM.
All the research behind the stock run up was showing a massive opportunity for short sellers and while that was happening its CEO went to social media to make claims that have now created investigations by the DOJ and SEC.
This stick had all the signs of being too good to be true and when you see that again in the market buying puts can be very profitable. Rarely will you see a company be able to keep pumping a stock without real earnings or tech behind it.
ALWAYS DYOR
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