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While anything can happen, BTC at minimum will have a short term bounce as BTC has dropped 9 days in a row and dropped from low 30s to low 20s just in this short period. I bought at minimum for this short term bounce with hope of a bigger longer term reversal as well as FOMO.
Bitcoin Will Hit $100K In 12 Months, Ex-White House Chief Predicts, Despite Crypto Carnage
https://bitcoinist.com/bitcoin-will-hit-100k-in-12-months
Bitcoin could 'easily' recover to hit $100,000 over next the 24 months
https://finance.yahoo.com/news/bitcoin-could-easily-recover-hit-170238691.html
Getting Ready to Buy Another 1500 Shares
Agreed. I think it starts soon as we approach end of June.
Will pick up 10K when my funds settle tomorrow. Bought MARA at the open.
Everything is starting to look cheap.
Picked up 1600 shares
Have a buy order at $1 for 10K
Hoping to get it filled on Monday
Added $1.30
Agreed and well stated
At this point in time, MULN is the best stock to go long.
I fear for shorts
I'm confident the folks at the Russell Index have done the vetting of the company.
They would NEVER add a company to the index if they did not believe/have confidence in the business and future outlook.
Remember, brokers and various funds that have Russell Index stocks are required to buy/have MULN as part of Russell Index.
All EV makers get battery technology from battery makers.
https://www.saurenergy.com/ev-storage/the-top-5-ev-battery-manufacturers-in-the-world
https://spectrum.ieee.org/the-top-10-ev-battery-makers
They have 65M in cash, real vehicles, warrants that can be exercised for more cash.
They have a plant they purchased in Tunica MS, they recently hired experienced new talents to fill key positions, and they will be coming out with battery testing results to validate highest/one of the highest number of miles after charge on polymer batteries they will be using to power their vehicles.
Also they have less than 300M float and 325M market cap. Float is still low and market cap is low/lowest among EV carmakers. That is what you are missing.
And I will if it goes lower. Will continue to add. They did not hire industry veterans just for show.
Umm, I am buying low and loving it
Wow, that was some dumping. A whole 1 cent. Lol
No doubt the stock is being manipulated
But one thing is for sure. MULN is extremely undervalued. No other EV carmaker has market cap <1B for a supplier who is actually making cars.
324M market cap is ridiculously cheap IMO.
Always higher in the morning and slow bleed in the afternoon
Nice Volume Today
MULN market cap of 271M is SO damn cheap among EV carmakers with actual cars being built. Not even 1B. Cheap, dirt cheap.
Lot of people shorting MULN
More fuel for MULN when it lifts off
Please bring it down to 7s so I can buy more
Not to be a contrarian but if you've covered your short and the price droped more, shouldn't you go long? I will continue to add as the stock is clearly oversold. I think we will see a nice reversal in anticipation of news from now until end of May/June.
If this drops to 7s will be adding another 5K
Shorting at this price is suicide when we turn
We are approaching that inflection point
I could have said the same thing with about 80 to 90% of the stocks in this market
This is not specific to MULN or Michery
Bought 5K in Premkt in the 8s
Will add 5K more if it dips to the 7s
Big money is intent to take MULN lower
I will add big time if this falls to 1
Looks like big money is still hell bent on taking this lower
Looks like big money is not done taking this down lower
For me, it doesn't matter how low this goes.
In it for long term. Down a lot but will not sell for a loss.
Big money will continue to take this down to 1
Big money is clearly shorting MULN IMO
Looks like big money is not done taking this down
8 Days in a Row Red
7 Days in a row Red
Now 50% drop from 7 days ago
Only $400M market cap
Ridiculously cheap.
No other EV company that is where MULN is ready to produce EVs are so undervalued. All others in $Billions. FOMO on MULN.
Good luck with that lol
Called shorting
Down 6 Days in a Row
Down 47% from beginning of 6 Day Drop