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I am short this one for now. Most of the information I have been able to find on them has led me to a $20-30 price target. IMO, they need to build out more than 1000 locations before years end to justify a $30 price target.
How are you short an IPO? I thought it wasn't possible to short IPO's until a certain timeframe after? (usually because shares to short aren't available.)
Only the underwriters are restricted to a 30 day limit. Once retail and institutions have shares and your broker is able to get access to them then you can borrow.. I use IB and they had shares available around 1pm CT... no clue where they found them.
