$Canaan Inc.(CAN)$Not recommen

2022-05-12

$Canaan Inc.(CAN)$Not recommended to short as with current market cap of $500 plus million and $100 million share buyback, it can buy some 20% of its shares, so short squeeze can happen anytime. It appears there were so high orders in 2021 that there is backlog to complete all the way to 2022, if so,unless there are cancellations, revenue will be stable. Mining farms and companies that hold a lot of bitcoins on their books should have it worse, not cash rich ASIC manufacturers

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Comments

cozyzi
2022-05-12
cozyzi
The risk factor is really still high right now, so keep a wait and see.
moonzo
2022-05-12
moonzo
The order book is high, which I think is good news.
zippyloo
2022-05-12
zippyloo
I am not at all bullish on cryptocurrencies.
Onlyme
2022-05-14
Onlyme
like plz
Khim007
2022-05-12
Khim007
Please comment and like
小虎发财
2022-05-13
小虎发财
👀

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