Position and Trade Check
A few updates on names as we get into July
GM team
Lots to cover here, have shared a number of charts - please check substack chat for all charts.
AEVA down 27% and OUST down 8% in symp.
AEVA at 141X P/S and OUST at 9.8X P/S. Da fuq?!
You understand whats happening here? High fliers with crazy P/S tend to make bigger drops the moment any valuation disconnect happens.
Keep reading with a 7-day free trial
Subscribe to Trading Thoughts with LCC007 to keep reading this post and get 7 days of free access to the full post archives.