$FSR
Added 2023-11-17 05:02:23 +0000 UTCThis is nothing short of brutal from $FSR in terms of their share price lately.
Price action lost our first yellow trend line and shortly approaching our last support line at $2.64. Market Cap has dropped below $1 Billion....with cash on hand of $650 million, this is a lot of cash on hand for the lost valuation.
$FSR now has a short interest of 45%, which is very high and the shorts have been doing very well here....but they are also at risk of being squeezed at this high %.
$FSR management may need to take action soon, a partnership, a merger or something to help them improve on their logistic issues.....they have a product that a lot of legacy makers do not have, both companies could help each other....like $XPEV and VW.
I am not buying anymore here and will wait for the price to improve.
I will not sell either, $FSR and $NIO are my high risk stocks and I am prepared to stick with them.
Comments
Any thoughts here? I know the catalyst we’re waiting for but uncertainty has caused a major damage.
StevieV22
2023-11-21 16:09:12 +0000 UTC🤮🤮🤮
Frank
2023-11-17 20:43:23 +0000 UTCI was gonna start a position but do we think we hit bottom yet ?
Scott Glover
2023-11-17 18:22:55 +0000 UTCBuying some shares at open.
Frank
2023-11-17 14:27:33 +0000 UTCThank you for the insight. Completely agree 👍
V
2023-11-17 05:32:21 +0000 UTC
