Peter, sure the stock can go higher. It can go higher than the market cap of my benchmark, Visteon, I suppose. There's no way to know. Visteon trades based on a reasonable valuation for its business of being the world's second-largest autoparts supplier. ZERO does not trade based on any kind of reason, so it can trade anywhere, short term.
Nine months from now, OTOH, it will be less than a buck. That's typical for "this kind of stock." That's all that matters to me. If you want to short at 14, or 7, or 2, you'll make money. It's just a matter of whether you want >93%, >86%, or >50%, respectively. Other than that, you just have to wait. |
