For those of you that watch my financial / stock videos. If you have purchased AXON, beware !! These new highs are due to a large short position 2.46 million. The stock rose, and the shorts had to cover, which now raised the price to nose bleed levels. The high Price Target was 525 for the year. It's P/E is now a whopping 115 times its earnings. I sold all shares. I'm out. I will revisit entering AXON, after it retreats. Congrats if you did buy it, you should have some nice profits.
1968AlaskanSourdough
For those of you that watch my financial / stock videos. If you have purchased AXON, beware !! These new highs are due to a large short position 2.46 million. The stock rose, and the shorts had to cover, which now raised the price to nose bleed levels. The high Price Target was 525 for the year. It's P/E is now a whopping 115 times its earnings.
I sold all shares. I'm out. I will revisit entering AXON, after it retreats. Congrats if you did buy it, you should have some nice profits.
1 year ago (edited) | [YT] | 1