3 months ago I went into my local bike shop to buy a new bike — he said the next shipment was June so I put myself down for a Trek Verve since I already have one and like it.
I went there yesterday to see if my bike had arrived yet — he said they’re coming in around June 24th.
I asked if I could do orange instead of black — he said, sure but you’ll have to wait until late August for that shipment
I said, okay put me down for the orange too
I then asked just out of curiosity do you have anything nicer you could sell me today
He said, I have zero bikes to sell in any price range. In fact, most of my suppliers are telling me 15-18 months as the lead time on new orders.
What the heck is going on? This bike shortage is bonkers.
Hey @DesktopMetal, maybe it’s time we start 3D printing bikes 😂
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With growth stocks starting to rebound and lots of short interest across the board I'm thinking we could see a few more short squeezes in the coming weeks.
I would never buy a stock on this basis alone but it's still something worth watching and tracking.
What are some companies with strong underlying stories, strong fundamentals and/or reasonable valuation with high short interest that you think could be setting up for a short squeeze?
I'll go first: $DMTK 🚀
I love this company and short interest appears to be around 30%.
In full disclosure, I own $DMTK equity and $DMTK call options.
I believe we're going to get several more big insurance announcements in the near future plus we get the launch of Luminate later this year and Carcinome in 2022.
I think everyone on Twitter knows that I love @CelsiusOfficial the product and $CELH the stock so I'm talking my book here but figured I would share some data that I'm seeing.
I've been running numbers for $CELH and I’m getting even more bullish…
Nielsen scan data for $CELH in Q1 was around 100% YoY and that’s exactly what they reported for US operations (101% YoY).
Nielsen data for April (Q2) was 200% YoY growth so we could be looking at an epic blowout report in August because analyst estimates are still just $53M.
$53M in Q2 would be 76.7% YoY growth from 2020 Q2
If $CELH did 200% YoY for US operations (I’m expecting +180% for Q2 in US) and US was 78% of total revs in 2021 Q1 then we could be looking at 140-150% YoY for $CELH — this is not priced into $CELH
$FUTU should be a $175+ stock in the next few weeks based on these numbers.
To be honest $FUTU should be a $275+ stock in the next couple weeks based on these numbers but the fact this company is based in Hong Kong does hurt them.