This is as of $15/share last week. Maybe a few million net have covered since then, though there wasn't any covering when it ran up to 18-19 in May or June. The bulk of the repricing is yet to come imo $LQDA
I am rarely confident enough to make predictions about The Future but I am 100% certain that the singularity will not be brought about by a dude whose bio is "AI is cool i guess" and frankly if you don't understand this you need to redo junior high
If you really go through this $LQDA report, it represents the sort of step-change difference in circumstances that often takes buy side and sell side folks a while to really comprehend - because it is so shocking from everyone's initial assumptions going into this launch
I sense the $LQDA shorts are finally covering. I originally had mid-2025 fair value pegged between 25-35 and we're there, but the call was nuts. They're even going after Uptravi. You can't model execution at the far right tail. That said, I expect the stock to stabilize soon