Local politicians would pimp out their grandma if they could get a dollar of additional investment. This company is an utter joke not even worth to be mentioned. Complete lack of transparency, credibility, track record. Case closed.
Yea..Jobs are important. I agree. But this is another part of the bait. Politicians giving hundreds of millions in taxes to get these companies. Here in Florida space coast we courted Blue Origin with huge tax money back in 2018 and all we have is an empty building. We also gave up huge tax dollars to OneWeb (supposedly competing against StarLink) and another empty building. Even SpaceX only has 800 actual full time employees permanently located at Space Coast, FL. The main thing all these companies want is "full Automation"...robotic manufacturing, 3D printing. They want to hire the "very least" number of people possible. Infact, Relativity Space Corp (making 100% 3D rockets) wants the rocket making process 100% without human involvement. I suspect EV companies are exactly the same. If they were actually hiring traditional full assembly line workers they would have located in South Carolina or Alabama like the rest of the foreign car companies. But my guess is it will be an empty building in order to qualify for US EV Personal Tax Rebates. Vietnam still has some of the cheapest labor of any industrialized country.
Who is allowed to short IPOs? The same froth took over ICCT from yesterday’s $5 to $42 in AH. It’s now $22.00? No shares available on IBKR.
In the case of VFS is is not about being allowed to. It is about being able to. As I mentioned previously approx. 99% is privately held, so go ahead short the eff out of it lol.
I think it more comes down to having a daredevil/gambler "spirit" than skill set when it comes to trading something like VFS.
This is the game. I personally knew a deal Morgan Stanley underwrote, for a Chinese loan shark company, beautiful financials, lot of cash on the audited balance sheet, highly profitable business at the time. It supposed to float 20% overtime. The owner’s circle of friends in hedge funds bought up the float and created a floor, bull vs bear. The company wasn’t cooking the books, arm’s length trades weren’t inside trading. Short sellers who weren’t in the circle of friend also got squeezed. For this type of trade, you have to be a gambler.
On ThetaGang someone posted a loss of $20,000. For his account size, $20k is negligible. “ Got cucked on $VFS - lost $20k Loss Realized a loss because I got assigned on short calls and felt compelled to manage risk. Would have been $25K net gain if covered merely two hours later, but no regrets as the cucking could have been worthy of a Brooklyn basement sex dungeon if things went the other way. 1) Opened positions: Sold $906K of premium on short calls, mostly ITM. (Whoopsie daisy.) and sold $126K of premium on short puts, mostly OTM. and bought $376K of premium on long calls, mostly OTM. 2) Got assigned: Assigned some deep ITM short calls overnight. This produced a short position of -19,200 shares with sale proceeds of $293K. The premium retained was $777K (leaving me with net $121K premium paid exposure on remaining options). The basis on the 19,2000 short shares was therefore $56/sh. 3) Exited all positions: Bought to cover all assigned short shares @ $46/sh (i.e., $887K), for subtotal gain $183K on this portion of the trade. But I expect borrow interest of around ~$8K as well (not sure yet), for net gain $175K. Paid $74K to close all the remaining positions, for net loss $195K on these. The wide bid-ask hurt here, but I wanted to be able to sleep tonight. More annoyingly, the aggregate delta on these positions was roughly -$7500, so exiting at $42/sh two hours later instead of $46/sh would have swung the $20K net loss to a ~$25K net gain. Net loss: $175K - $195K = -$20K Fortunately these are mere scratches, but you live and learn womp womp.”
you sure, there isn't VFS option available last time I checked. if it is the case, buy atm calls is the trade, 2% rule.