|Day Low/High||3.55 / 3.66|
|52 Wk Low/High||2.48 / 11.50|
Here's a play in the electric vehicle name as the EV sector gets a green light from the Biden administration.
SPACs aren't just going to collapse. Also, here's the story of a reverse merger that trades like a SPAC.
What we have seen, in addition to the pullbacks, are management teams taking advantage of the huge moves higher.
Say watt? You want to chase EV stocks? How about shorting them? Let's see which is the crazier move.
This action tells us much more about the health and sentiment of this market than the S&P 500 which is trading flat.
What's most notable about the market is that the big picture issues aren't having much impact on the indices.
There remain pockets of momentum amid a resurgence in coronavirus cases nationwide that could slow the economic recovery.
The biggest positive I see is a continuation of speculative trading action.
Firms should be using their high stock price to grab other businesses to expand, so they're ready when things return to normal.
Two names I've talked about, AYRO and GNPX, saw their stories get closer to reality on Tuesday.
* Are we witnessing an end to the relentless rise in equities? * Are we witnessing an end to speculation (which, to me, has run amok)? * Rationalizing the irrational, recent boastful claims of speculative trading gains, and criticism of Warren Buffe...
The company designs and manufactures purpose-built, automotive-grade, all-electric vehicles, targeting the low-speed electric vehicle market.
This is some of the best speculative trading that I've seen since the internet bubble days back in 2000.
Instead of searching for a market top, look for opportunities and then manage them tightly as this continues to be a market for stock pickers.
Don't mistake a fear of missing out for a fundamental change in the industry.
Concerns about upcoming earnings reports are understandable but they are not an issue right now.