$RIDE went from 31 to 7, now 10
Now could be a good time to buy $RIDE.
It’s got institutions like Vanguard that bought over 20m shares since the DPHC/RIDE merger in October of 2020. Vanguard > Ark. Not only are we talking about this old guard with over $6.2 trillion in assets, a whole hosts of others:
BlackRock; Invesco; Fidelity; Charles Schwab; JP Morgan; Wells Fargo; Susquehanna; Goldman Sachs…. D) All of the above
Institutions, smart money, are anticipating Lordstown Motors to start production of their all electric pickup truck, the Endurance, this September. Followed up by mass production of the world’s first commercial electric light duty trucks in 2022. It’s not just an EV – it’s American history! Trucks are the #1 selling vehicles in America. We love our trucks!
If you want to talk a little about technical chart analysis:
In April the MACD and Stochastic suggested strong support. The blue line crossed over the bollinger bands or something…golden crossed at about $12. $12 right before tanking and falling off a financial cliff, AGAIN?!, to $7 this time. So $RIDE goes from all time highs of about $31 to just $7 in less than 3 months. 3 months?! There was a huge pullback in everything EV. Then, there was that short report by no other than Hindenburg Research in March. I hate collusions like, $25 baggage fees from every single commercial airlines. All of them, all of a sudden?! REALLY?! With a passion and every ounce of breath and beat of my heart, I hate everything that is unjust. If Hindenburg Research wasn’t enough, Wolfe Research downgrades $RIDE to $1. They obviously have more money than me but who the hell is Wolfe Research?! ONE DOLLAR?!?!! Never heard of them till they tried to ‘Karen’ Lordstown Motors. Like I said, HATE everything that is unjust. Back to business.
It’s been way over sold and way abused by short interests. $RIDE was attacked with 30% short interest on two separate occasions, March and May. It’s hard to be glass is half full when you got glass is half empty people, hedge funds doing glass is half empty sh….?! Back to business. $RIDE has massive potential to the upside. The market capital on $RIDE is almost criminal – $1.1b?! Their 6.2m square feet assembly plant with state of the art expensive gm (General Mototrs) robots probably $2-3b by itself. Plus, the fact that Lordstown Motors is ready for manufacturing! It’s a country mile closer to manufacturing than $NKLA, $FSR, $GOEV and Rivian. But that the whole mkt. cap thing?? Lordstown Motors has manufactured the 57 betas, already test driven and crash tested. Good standing, for the record. Those 57 betas were in the Hindenburg Research short report, questioning whether or not Lordstown Motors could get it done….bs never ends! As I mentioned earlier, $RIDE has been beaten down heavily, -66% from its highs back in mid-February. A lot of it was unjust, I think. Think of this as a business opportunity or an opportunity to make a boat load of money.
Institutions are smart, they know already, and put their assets where the winners are. $RIDE is definitely that!
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June 10, 2021 at 03:48PM