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Shorts are in control. Maybe this time down it hits $.60 ?
Other EV companies surge today 10% + Rivian , Nikola, Canoo and many others but RIDE is still lagging. If it does not go pass $1.33 this will be back at $1.15 -1.30 range.
RIDE seems to be the red hair step child of Wallstreet taking a beaten .
Prediction: a surge in PPS in the coming weeks . Sell if it goes up too fast . Hold if it goes up slowly.
LMC needs to put out some news of binding contracts of 1k, 2k and possibly a 10k order could make this company go back to one billion market cap in 12 months is very possible.that would put the PPS in the high $4’s .
up 11% on no news ? Is this the run on rumors and sell on news ?
This has been a battle with RIDE for me but somehow I have been able to average from $6.20 to $1.54 now in one account and $1.21 in another. The last run from $1.89 to $3.70 I sold at $3.48 to buy back at $2.50 and $2.00 . Sold at $2.00 for a loss then I have been buying under a buck and around $1.00 . I still believe in this company has a good future with Foxconn.
Dan Ninivaggi bought shares at $2.50 and Ed Hightower bought shares at $2.00 . I believe there is something in the pipeline that they are not letting us know. Foxconn is not going to let this die they have too much invested here. LMC needs to have some binding orders of 5k and 10k from a few fleet clients and we off to the races .
The truck of the year 2023 NACTOY should be announced tomorrow but if LMC can pull this off and win then all truck owners will want one. I believe Ford will win but the lightning can’t stop on ice like the Endurance
Why the run today ? News leak about the truck of the year ?
LMC is having supply chain issues just to build the first 500 trucks in the next 3 months. Tesla produces 1,391 cars in one day.
When you are selling 6 trucks to Larry, moe and curly Wallstreet will punish the PPS . What happened to those 100k orders back when Burns was running LMC ? Now LMC can’t get at least a 10K order and then announce this ? It’s really pathetic 31 trucks built in a month on production. Give me 10 guys and I can build 2 a day in my garage .
Heavy volume today . I believe some funds have to sell under a dollar. Sorry to hear about your kids money invested in this stock. There is not much left here as it seems there is no integrity with the new management. Ninivaggi lied and passed the baton to Hightower to smooth things a bit but it’s the same management. I take a gamble buying here again but this will go over a dollar again most likely be the best time to get out as I see $.50 coming eventually. IMO
I added some shares @ $.90 …….. hopefully it will go back up soon for a swing trade .
Under a dollar ! What trash is LMC . Now I have to bag hold this piece of shit
What trash is LMC . Now I have to bag hold this piece of shit
What a piece on American junk company is Lordstown Motors! 31 production vehicles and now have another excuse citing supply issues . MFs !
What a bunch of lazy suckers work at LMC! Work for it ! My ass ! Lol
“Since production got underway late last year, Lordstown Motors Company has produced 31 all-electric Endurance pickup trucks for sale, according to a regulatory filing.”
“Of those 31 trucks, six have been delivered to customers, fifteen will be used for sales, demonstration drives, marketing, and service training before being sold, the company stated in a document filed with the Securities and Exchange Commission”
https://www.wfmj.com/story/48081129/lordstown-motors-31-ev-pickup-trucks-made-so-far-six-sold
LMC says the primary supply factor involves the availability of components used to make the hub motors which work in concert to power each of the Endurance's four wheels.
I bought some @ $1.04
Not bad action today ….. who bought in the early am ?
How low can it go ? I’m looking for a re-entry . It looks good now around $1.00
Almost one dollar PPS ….. what a year for Opko Health zzzz.
As I mentioned in the past the fact that LMC is producing 2,500 by 2nd Q of 2023 is big joke. You mean to tell me there is no demand for the Endurance truck ? This company is on life support for the next 6 months . There is still no update on deliveries or who these customers are. All you see in Twitter is the truck doing a wheelie in the snow lol .
$1.13-$1.07 . Target $.88
Lucid and Rivian has a chance of going BK video. When looking at this LMC has a chance of survival.
$TSLA still has another -25% correction in PPS in 2023 . $80 target
Going back to 2020 prices . PPS in correction to around $80-$120 area . Buy under $100.00 . IMO
Over $1.50 with a reverse split is most likely . IMO
We shall see more companies with reverse splits . $RIDE will not have any other choice but to reverse split .IMO
https://www.cnbc.com/2022/12/22/amc-plunges-after-theater-company-announces-capital-raise-reverse-stock-split.html
You should be able to buy under a buck
$1.13 -$1.08 —— $1.08 - $.98 Target $.88
Under $99 PPS in 2023. The competition is finally here for Tesla , Lucid , Fisker , Polestar , GM, FORD the list goes on. Elon lost the handle on Tesla .IMO
$TESLA will likely be a 250 -to 300 BILLION market cap in 2023. PPS should BE under $100 soon. IMO
Well maybe the stock that Burns sold recently is to pay the SEC. Either Burns get fined and jail time but I doubt he gets jailed time and I believe that something should be announced but like I said before the stock could lose another 50% and would not be able to recover and a reverse split is most likely. Now I understand the purchase of Foxconn at $100 PPS with a 50-1 reverse split. Mullen has had a few reverse splits as well.
You would think that Management knew what they were doing , Dan Ninivaggi buying at $2.50 down over 60% Ed Hightower buying at $2.00 down over 40% These are the Dumb and Dumber CEO’s of the EV industry.
$1.17 …… why aren’t insiders buying ?
The market overall is not doing good .
https://stocks.apple.com/AHPgKM-qvTGar1ikUaAOJ2A
$1.21 will not hold in the coming week. $1.09 -$1.16 next > $.88 target
$RIDE $1.29 - ($1.26 -$1.21 ) > $1.11 $.88