where the cobras pink and black ?
three class four modules. Fast. Best stealth ship in the game. cheap insurance. Is a god ship when over-engineered. A must for new PvP players as you learn about silent running and heat and F-OFF F-ON. Engineer to reduce the heat output. High hull. Only thing bad about it is you can make yourself a large target if not careful but you get a lot of resist with all those hulls engineered. You can really annoy griefers with this ship. I don't really think the cobra III has any negatives. I used mine to earn a lot smuggling. Can't do that anymore. Back in the day I used it to fund my corvette purchase. And I had a huge amount of fun with it. Then FDEV went and nerfed smuggling. Make money now doing passenger missions or war. Passenger missions are the way to go now, if you stick to the short transport runs once you get rep to allied. 14 LY max and 1-3 million per run.
Oh, and put chaff on and heat sink. You can stop missile lock with one touch of silent as long as you move out the way. Most overpowered weapon in the game is a class two cannon. It's high speed, which means accurate. Engineer for long range to add more speed to the cannon shell.
Add a black Friday paint job and a ship kit to cover the lights up at the front and she's good to go. Then name her 'What Is ED PvP please?'
More info: get a second account to add one pip to weapon as it can multi-crew. I have second account on laptop. Don't forget to add 30% to shells by making your own. Farm for fun!