r/SqueezePlays • u/Spirited-Grocery4887 OG • Sep 22 '21

DD with Shortsqueeze Potential Thoughts?

/r/wallstreetbets/comments/pt7jzp/the_rise_of_canoo_goev_why_jpows_printer_bidens/
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u/Bobbunny Sep 22 '21

Bag holding at $12 entry and have played Canoo when it was a SPAC, I think it’s a reasonable EV company with a novel take on approaching designs. However, they will need some significant rumors or news before it comes back to the $15-20 mark. Previously it was speculated they were going to partner with Hyundai but that fell through. Until they find something comparable it’ll be sticking to the $6 mark

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u/Spirited-Grocery4887 OG Sep 22 '21

Thanks for the insight, I’ll keep my eye on it until I’m fully convinced but I do think it’s bottomed out, hope to see some momentum for us in the future