InteractiveSwingTrading

(Short)Textbook Pump. Will Update

Singkat
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NASDAQ:SOLO   None
Shorting through $5.00. If you account for all the options and warrants, this company would have a market cap of

net identifiable assets of $500k (rounded)

Net tangible book value of $16 million (rounded)

Fully Dilated float of 57 million, which results in the company being worth 1/2 billion

Wanted to post this at $5.00. they were providing bid support to try to attract institutions, but I don't think that is going to work. It already broke through
Komen:
ENTRY 1/2 INTENDED POSITION
Komen:
(edit) the net identifiable assets figure was for the Acquisition of Intermeccanica acquisition, which constitutes a large portion of real tangible assets not including cash
Komen:
Fill $5.25 average $5.04
Komen:
taking loss $5.36 -6%
Komen:
add 1/4 5.11
Komen:
fill 4.97
Komen:
average 5.00
Komen:
out 5.17, chased it down.
Komen:
Sell high, buy low -- that is the mantra. Can't win them all, and this stock has a lot of buzz right now. Let it run it's course first, then I'll try to get another position
Komen:
They want to keep it above 5 so they can attract unsuspecting institutional investors and speculative risk friendly hedge funds
Komen:
$5.56 nice save
Komen:
.66
Komen:
5.84. Loss doesn't look so bad now. Risk Aversion/Capital Preservation > Gains
Komen:
.95
Komen:
6.08
Komen:
Could have taken a shot at 6 with a tight stop. Was worth a try. Got up to get a coffee and came back and it was down 40 cents.
Komen:
Going to have to ask tradingview to let me edit because I was trading and posting this at the same time, so I rushed to post
Komen:
Fully diluted share count is actually 33 million. I was going off their 2017 financial statement from April, but they did a 2 for 1 reverse split. Rushed this one

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