Four months ago almost to the day I posted this (updated here with %-age change in value since then, and adding WKHS). Received MASSIVE downvotes, which I found exhilarating:
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Folks are finally waking from their $TSLA fantasies. These little thinly-capitalized wannabes with wild value propositions continue to get whacked. The pain is a good thing as markets step back and rationalize the true value of these story stocks. There will be some degree of recovery for a minority of this club, but the peak prices are forever in the rearview mirror.
BTW little squads of shrieking redditors can't fix this, and there is no coming short squeeze. Shorts are rolling around in gainz.
@Dwight Like I said. $XOS and $ZEV will be cut in half from recent high. XOS price target $1.71 ZEV price target $3.00 I'll be buying at those levels. It will be YEARS before you ever see your inheritance money even come close to break even.
......."Hedge funds and MMs went on a hunting spree to short all SPAC EV startup stocks from Spring of 2021 onward. Some are slowly returning to pre-merger prices but some haven’t recovered yet. I suspect $XOS will have a $REE move soon......" Hunk Norris
Interesting random tweet I saw today. Could explain the downward movement most of the year in SPAC EV stocks which seemed to run contrary to the visible fundamentalist. I've always felt these downward spirals were controlled by MMs. I am optimistic about recovery across this market segment.
Xos Trucks 20 hrs · We’re thrilled to be working with great partners like UPS and Loomis, and we’re excited to announce more soon and continue helping fleets go electric. $NGAC #XosTrucs #xos #EVs
Folks are finally waking from their $TSLA fantasies. These little thinly-capitalized wannabes with wild value propositions continue to get whacked. The pain is a good thing as markets step back and rationalize the true value of these story stocks. There will be some degree of recovery for a minority of this club, but the peak prices are forever in the rearview mirror.
BTW little squads of shrieking redditors can't fix this, and there is no coming short squeeze. Shorts are rolling around in gainz.
-----------------------
Folks are finally waking from their $TSLA fantasies. These little thinly-capitalized wannabes with wild value propositions continue to get whacked. The pain is a good thing as markets step back and rationalize the true value of these story stocks. There will be some degree of recovery for a minority of this club, but the peak prices are forever in the rearview mirror.
BTW little squads of shrieking redditors can't fix this, and there is no coming short squeeze. Shorts are rolling around in gainz.
$AYRO -49%
$FUV -46%
$SOLO -30%
$GOEV -47%
$ARVL -80%
$NKLA -53%
$RIDE -54%
$XOS -8% (WOW!)
$FFIE -67%
$WKHS -43%
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FWIW: NASDAQ is down 25% against an EV Sh**Co drop of almost 48%.
Yes: The EV Sh**Co Short ETF has been a booming fund.
Before: 520,986 Shares.
Now: 995,331 Shares.
Newly Added: 474,345 Shares.
Increase: 91.05%
Hunk Norris
Interesting random tweet I saw today. Could explain the downward movement most of the year in SPAC EV stocks which seemed to run contrary to the visible fundamentalist. I've always felt these downward spirals were controlled by MMs. I am optimistic about recovery across this market segment.
Xos Trucks
20 hrs ·
We’re thrilled to be working with great partners like UPS and Loomis, and we’re excited to announce more soon and continue helping fleets go electric.
$NGAC #XosTrucs #xos #EVs
Nice print for $XOS Size: 350000 Price: 2.3 Amount: $805,000.00 Time: 1517
Mattson George N now owns 63,430 shares worth $263,869 of Xos, Inc. stock.
$XOS
BTW little squads of shrieking redditors can't fix this, and there is no coming short squeeze. Shorts are rolling around in gainz.
$AYRO
$FUV
$SOLO
$GOEV
$ARVL
$NKLA
$RIDE
$XOS
$FFIE