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It has been there for awhile. Best not hang out here if you are easily scared!
Sounds like the tone is positive in regards to the electric truck production. Something interesting could be on the horizon! All imo.
Why Workhorse Group Shares Soared Monday- via Motley Fool
https://www.google.com/amp/s/www.fool.com/amp/investing/2019/07/15/why-workhorse-group-shares-soared-monday.aspx
GLTA
Maybe they haven’t mentioned it because GM hasn’t hammered out the deal yet. Why put the cart/filing before the WOrkhorse.
I am only mentioning the possibility of leasing some of the property- not in its’ entirety because that makes more sense from a real estate point of view.
Trump may have tweeted the possible lease, but GM’s CEO carries the clout to pull off the deal. That is why I provided the link to her quote, not Trump’s tweet.
There are multiple facilities at Lordstown- it isn’t just one gigantic factory. It is possible that specific facilities will be rented out/leased/purchased and not the entire 6.2 million feet on the 905 acre complex.
It wasn’t just Trump- GM’s CEO Mary Barra said the same.
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN1T627O
Another day, another dollar. Good luck to everyone today. Remember to take profits so you can ride free shares and not worry.
I’ve watched WKHS for several years through the highs and lows. Nothing is certain until the USPS announcement is made, and no one really knows the exact timing of that announcement. As others have posted, GM could lease the Lordstown facility, not sell it, to WKHS.
While WKHS does have a few good contracts with DHL, UPS, and others, their bottom line is admittedly weak. Do your own DD on this one and assess your risk before dumping your savings into it.
Until the fat lady sings, I’m holding on to a few free shares.
GLTA
Agreed, and it seemed Workhorse was going to use it for a possible spinoff of the company anyway.
The Lordstown plant purchase wasn’t a make or break point for WKHS, IMO.
It is all speculation at this point regarding the USPS contract. Some of the large buys over the past several weeks of 100k shares or more may signal good news is just down the road.
Nice chart- looking forward to higher pps.
I wonder what the low today might be?
Moving nicely now. $3.32 printed.
FOMO setting in, IMO.
Sounds good to me!
Off to a good start this morning!
Doesn’t look like any news will be forthcoming today. Was hoping for a little nugget of positive info this holiday weekend.
In any event, I hope everyone enjoys their celebrations and fireworks- in moderation, lol.
FOMO will probably drive it- imo.
Off to a good start pre-market at $3.04.
Depends on whether it was a long term or short term, filing status, and income level. It can be much less than 35%.
At $2.97 now in pre-market. Should be an interesting morning, IMO.
That was a fantastic eod!
Nice- $2.05 just printed
Agreed
Moving up. Shares being snatched up in large blocks. A green close would be nice.
True, but what if the part ownership that has been suggested is a new partner building Surefly and Horsefly at Lordstown, and WKHS has said many of the same parts for the trucks are also used to build these air taxis. I only mention this because WKHS recently tweeted that the Surefly was going to be approved by the FAA.
WKHS is already building the trucks at their current location.
Just guessing at what will eventually happen.
If WKHS builds the Surefly at Lordstown, they will need to hire union mechanics from the AMFA.
UAW workers wouldn’t be working on the aircraft.
The UAW has been a problem during the negotiations, so I wonder if Lordstown might end up being purchased for building their Surefly and Horsefly instead of the trucks.
The UAW might get left out in the cold.
Let’s see you trade it up to $3.15. I bet you can’t. Lol
25 million cash infusion to finish delivery vans, not to buy Lordstown.
https://techcrunch.com/2019/06/10/workhorse-gets-25-million-needed-to-finish-electric-delivery-van/
I’m still accumulating as I believe they will eventually acquire the Lordstown plant and get the USPS contract. In addition, the Surefly can be built with many of the same parts as the trucks. The practical applications for the Surefly are many, including use during a natural disaster and military. I’m holding a chunk of shares for the long term.
So you think his subscribers wouldn’t take advantage of a low float stock and trade it? That is the entire point of his business.
Link to article or video?
Good morning WKHS! It will be interesting to see how the market reacts to the financial news. ClayTrader is here, so we can expect the usual 30 cent channel unless big pockets step in and move it.
No worries. Shorties always run out of cash eventually. Greed always crushes them in the end.
Agreed. Should be another good trading day, IMO. Loading, holding, and doing a little profit taking.
Very good article- I agree that there should be more optimism about Lordstown. All imo, of course, but it ain’t over until an official announcement is made.
I don’t know the age of anyone on this board, but I can tell you about college age young adults- they aren’t on Facebook. This age group does shop and interact on many other social platforms, and they enjoy interactive video.
I’m not worried about FB limiting the success of VERB at all. They will be the dinosaur of social media soon enough.
He may be referring to the Trump presser last week where the President stated that GM had sold the Lordstown plant to an electric car company.
The video link was posted by another poster on Friday I believe.
‘Sold it to a very good company making electric trucks’ is what Trump said at the end of the video. I wonder when the PR will drop?
What Steve Burns will do if he buys the GM plant in Lordstown- Includes manufacturing the Surefly helicopter. I still want one of those helicopters!
https://www.wvxu.org/post/what-cincinnati-ceo-will-do-if-he-buys-gm-lordstown
It may have been a great day, but the Clay Trader crew has landed.
That would be fantastic. I’ve been watching this one for over a year now.
Still moving in a positive direction with discussions it seems. Good to hear, IMO.