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Wrong. Two trucks were sold to the city of Macedonia, Ohio.
Your facts were off by 50 per cent.
I am pretty sure you cannot name the first two recipients of Henry Ford's Model T's.
Reddit and stocktwats are the same posters.
There is no information posted that has turned out to
1) be relevant or of monetary benefit to LQMT shareholders
2) has been proven over the passage of time to have been factually correct.
Shutting eyes to reality does not make for facts.
Seeing is believing: a time tested fact from the days of Saint Thomas.
https://www.beaconjournal.com/story/news/local/communities/news-leader/2023/02/10/macedonia-buys-all-electric-truck-police-cruiser/69892565007/
Macedonia is just south of Cleveland.
It's good that RIDE is pushing for sales to cities local to Lordstown.
I am confident that RIDE will excel and accelerate sales in 2023, slow but sure.
This is a factual post. Not a fantasy among fantasies so prevalent here.
How's that LQMT car wash holding up?
Broken record...retest has been successful. Tomorrow will be proof of the pudding.
Very good point. In other words, more dilution.
https://investor.lordstownmotors.com/node/9021/html
Some insiders see the future of RIDE...
You left at least two more things off of your list:
9.
10.
Seems like the timing has been way off.
I will listen to myself...as always.
The obvious is still obvious.
Longer and much stronger! Thank you Shorty and Shook out!
Buck Sixty on Monday Morning and climbing next week!
Shorty, You still have time to buy back in today, unless you went on vacation...heh, heh, heh.
I see a close today around USD 1.60
IHFTEATE
LOL! Not even close.
Possibility of jumping into a new higher trading channel if we get positive news next week! I see a new Flagpole coming into view.
So much for my weekend optimism!
Point and Figure chart is looking really good!
Point and Figure Chart for RIDE
Will soon be at USD 2.75 easily. Thanks to all of the Bears!
Making some terrible bank. Feel really bad for those who gave up on this stock... BIG MISTAKE.
Ditto
Alive and enjoying being a grandfather very much.
Best to you and yours.
I am waiting for Elon Musk to buy out Apple and to incorporate LQMT not only in TSLA, but in SPACE X and his BORING machines.
Excellent chance for short-sellers of RIDE to lose their.....whatever:
https://www.wsj.com/articles/short-sellers-feel-the-pain-in-stock-markets-2023-rally-11674943473?mod=hp_lead_pos2
The market’s comeback in 2023 has been very bad news for one group: short sellers.
Short sellers profit from stock declines by borrowing shares of companies that they believe are overvalued, selling them, and then buying them back at a lower price later. They made huge gains in 2022, when markets around the world tumbled.
But their fortunes have reversed in January as the stock market has clawed back some of its losses.
A Goldman Sachs index tracking the 50 most shorted stocks in the Russell 3000 has returned 15% so far this year through Thursday, substantially outperforming the S&P 500, which is up 6%. Other stocks that got crushed in 2022 have also raced higher. Tesla Inc., TSLA 11.00%increase; green up pointing triangle
coming off its worst year on record, has staged a 44% January rally. Meanwhile, money-losing cryptocurrency exchange Coinbase Global Inc. COIN 15.75%increase; green up pointing triangle
is up 73%.
Short sellers who have incurred hefty losses are actively trimming their positions, said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners. Investors betting against stocks have racked up $81 billion of mark-to-market losses on short positions this month through Thursday after accumulating $300 billion in gains in 2022, Mr. Dusaniwsky said.
Investors and analysts say the rally appears to be driven by a few things. Signs that inflation is cooling have stoked bets among investors that the Federal Reserve will pivot from raising interest rates to cutting them as soon as the second half of the year. That has helped risky assets across the board rise. Especially risky corners of the market, such as stocks with high short interest, have rallied even more. Analysts say that has likely forced short sellers to close out bearish positions to cut their losses—resulting in what is known on Wall Street as a short squeeze.
“We’re seeing a mirror image of the performance within the equity market. The worst performers last year have been leading this year,” said David Lefkowitz, head of Americas equities at UBS Global Wealth Management. “It does look like some re-risking and short covering.”
Investors will get their next update from the Fed on Wednesday, when the central bank concludes its first two-day policy meeting of the year. The Fed is expected to raise interest rates by a quarter of a percentage point, marking a slowdown from last year’s pace.
Some investors are warning that a prolonged rally of speculative assets could loosen financial conditions all over again and set back the Fed’s fight against inflation. Others say a rally driven in part by a short squeeze looks vulnerable to a swift reversal, should the Fed prove to be more aggressive on monetary policy than investors expect.
“People are now more willing to price in the soft landing,” Mr. Lefkowitz said. “What I still struggle with is, how does the Fed react to this? Can we really get inflation down to the Fed’s target if growth remains more robust than what markets were thinking just a few weeks ago?”
Investors who have grown more optimistic about the market’s prospects say data suggest that their worst-case scenario, a deep and prolonged recession, appears less likely than it did before.
The U.S. economy has so far proven resilient in the face of multiple rate increases. Gross domestic product grew at a solid 2.9% annual rate in the fourth quarter, the Commerce Department said Thursday, a slowdown from the third quarter but faster than what economists had expected.
Investors are also pointing to a strong U.S. labor market and the reopening of China as reasons for the market’s change in fortune so far this year. For investors looking to shift capital out of the defensive positions that were so popular in 2022, the battered technology sector has been a favorite place to start.
Even after its recent rally, the Nasdaq Composite looks cheap relative to its valuation during the pandemic rally, trading at a multiple of about 22 times earnings over the past 12 months, according to FactSet. That compares with a recent peak valuation of almost 37 times earnings in February 2021.
“We think that there’s a lot of relative value in how beaten up some of these mega technology companies were in 2022,” said Nicole Webb, senior vice president and financial adviser at Wealth Enhancement Group.
Ms. Webb added that technology stocks look compelling because they are likely to particularly benefit should the Fed start to ease monetary policy.
Traders in interest-rate derivatives markets see a 92% chance that the Fed lifts rates at least twice in the first half of the year, according to CME Group. They then see an 82% chance that the Fed cuts rates at least once by December, despite Fed officials indicating they don’t see any rate cuts happening this year.
Bond traders are also betting that the Fed will take rates lower. The 10-year Treasury yield has dropped to about 3.5% from a recent peak of 4.2% in October.
The pullback in bond yields has been good news for technology stocks in particular. Tech stocks often hold the promise of big profits but only in the future. That means they tend to do best when rates are low and investors have fewer plain-vanilla options for earning yield. They are often considered a high duration risk, meaning they have high sensitivity to interest rates over time.
“A lot of these stocks rallying were highly shorted, long duration names with earnings way out in the future. With a significant decline in the discount rate, those earnings are now worth more,” said Sameer Bhasin, principal at Value Point Capital, a New York-based family office.
Still, other investors remain skeptical of the Goldilocks view that the Fed can curb inflation and hit the brakes on tightening policy without inflicting more pain on markets.
“I think the inflation scars are too significant today for them to feel comfortable cutting rates,” said Jason Brady, chief executive of Thornburg Investment Management.
Fed Chair Jerome Powell has said the central bank wants to avoid repeating its mistake from the 1970s, when policy makers cut rates too early—resulting in a prolonged period of runaway inflation and uneven growth.
“When they cut rates, it’s going to be because there’s real weakness in the economy,” Mr. Brady said.
Write to Jack Pitcher at jack.pitcher@wsj.com and Akane Otani at akane.otani@wsj.com
So many forget that Apple has not employed Liquidmetal in any products since the "Paper clip" detente tool.
That was in 2007. Memories are made of this. Fantasies are built on this. LOL!
Happy Chinese New Year 2023 to All!
Watts and Family!
Apple is becoming less and less of a whale on a weekly basis. Time to replace Tim Cook with a new forward-looking CEO who knows what he is doing.
Sure look's like a break-out is occurring. Next stop will be a basing USD 1.30 or so.
Thanks, Gracie.
I thought the winner of the Best Truck of the Year Award was to be announced today. WTF?
The single-most difference of the Endurance vs all other EV trucks are the 4 HUB MOTORS.
To put out a news release emphasizing the shortage of HUB MOTOR components as cause of production delays is LUDICROUS. Can't give any credit at all to the two BOZO's at the top who could even allow such poor preparation for production to occur. This is simply INSANE.
Lordstown Motors Expects ‘Slow Rate’ of Production in First Quarter
LORDSTOWN, Ohio – Electric-vehicle manufacturer Lordstown Motors Corp. will display its inaugural vehicle at one of the country’s premier tech events today.
The EV startup expects a “slow rate of production” for its all-electric Endurance pickup through the first quarter of 2023, the company said Wednesday in a federal filing.
The company began commercial production of the Endurance in the third quarter of 2022. During the fourth quarter, Lordstown Motors achieved full homologation and received certification from both the EPA and California Air Resources Board, or CARB, to begin customer sales.
Lordstown Motors said earlier that production volume would ramp slowly and accelerate as it resolves supply chain constraints. Through Jan. 3, the company has produced 31 vehicles for sale, of which six have been delivered to customers.
Of the remaining units, the company intends to use approximately 15 for sales, demo drives, marketing and service training purposes prior to sale, Lordstown Motors said. The balance will be sold following completion of updates, final inspection and establishment of service arrangements to meet customer specifications.
“The company expects a slow rate of production through the first quarter of 2023, with supply chain constraints, particularly with respect to the availability of hub motor components, continuing as the primary factor governing volume and timing,” Lordstown Motors said in a statement filed with regulators.
The company plans to display the Endurance pickup at the CES show in Las Vegas this morning, one of the country’s most-watched consumer technology expos.
Lordstown Motors President and CEO Edward Hightower will be on hand to participate in the Mobility in Harmony, or MIH, Consortium press conference.
In May, Lordstown Motors sealed a deal with Foxconn that allowed the Taiwanese tech company to purchase the company’s plant for $230 million and serve as a contract manufacturer for the Endurance.
Foxconn has pledged an equity investment of $170 million toward the development of new vehicles with Lordstown Motors. These vehicles will be developed on Foxconn’s MIH platform.
“The sale of the manufacturing plant located in Lordstown, Ohio, to Foxconn was much more than a transfer of ownership,” Hightower said in prepared remarks. “It laid the groundwork for the two companies to collaborate on product development.”
Hightower said the fastest means of achieving innovation is through open collaboration, which is the basis for the MIH Consortium.
The consortium consists of more than 2,400 companies that seek to collaborate to expedite product development cycles and design and optimize the supply chain. The program also encourages sharing components and systems to reduce costs.
“Purchasing the Ohio plant and becoming an employer of highly skilled automotive professionals enables Foxconn to rapidly scale its component and supply chain capabilities,” Hightower said. “It also offers a fast path to production for new or nontraditional OEMs.”
At its peak, when General Motors owned the factor, the Ohio plant produced more than 300,000 internal combustion vehicles per year, Hightower noted. GM sold the plant to Lordstown Motors in 2019 after the Detroit automaker ceased production of the Chevrolet Cruze.
“This capacity is expected to be used to build EVs from multiple OEMs,” he said. “Foxconn can scale the plant for EVs quickly. A core advantage of accelerated innovation is the ability for more OEMs to realize the benefits of scale.”
The Endurance is a finalist for the 2023 North American Truck of the Year.
Copyright 2023 The Business Journal, Youngstown, Ohio.
The first shareholder to label LQMT in March of 2016 a scam was myself.
Years of disappointment....far beyond the years needed to develop a technology originating in the nineteen sixties or more than 60 years ago.
But, beyond LQMT, Glassimetals, Shroers of MIT and his embrionic company and Hoffman at JPL and his little company have accomplished nothing commercially remarkable.
All of the shareholders of the 3 enterprises have been left in a jam, scam or not.
Did anyone get coal in their investment stockings?
This is slovening.
What did I tell you. Up 4 cents from USD 1.11.
Nice move. Soon over USD 1.50
Been buying all morning, thank you!
Never going to happen, Padre.
Already has hit its all time low.
Never going to see USD 1.10
Punkt Final.
I have been loading up like crazy at prices sub USD 1.15!
Gangbusters! Thanks to all the losers who sold to me!
The asian expression for patience is
To sit on a rock for three years.
In other words, HEMMORHOIDS BIG TIME.
Yep, Lugee Li promised me and several investors at the Open House that LQMT would be profitable by my birthday, Jan 27. It's still possible.
I now know that Lugee Li, like Tom Steipp, is an honorable man and will do the right thing by steipping down.