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20 day shows nice stair step action, previous resistance becoming support, etc. Anything is possible, but this pattern is likely to continue. The volume is what gets me. Another 500 mm day, on a Nasdaq stock. Just mind blowing.
Back in November this hit a high of around $17 with the positive feedback
Mullen received at the LA Auto Show.
"Mullen Automotive launched the Mullen FIVE EV Crossover at the recent LA Auto Show, with the vehicle winning the auto show’s ZEVA(R) award for top all-electric SUV"
https://m.benzinga.com/article/25003714
I day traded it, then added it to a watch list looking for reentry. It's been astonishing to watch a share price go from those levels to .50 in basically just 3 months. The share price has zero business being down at these levels, and I'm betting it won't stay down here for much longer.
Gltu
muln is like printing money in the basement.
Showing real strength. Chart is super bullish.
Shorts managed to cover quite a bit of their exposure with $goff recently. Short volume ratio is still high (35.40%), but that has come down 30%-40% in just a couple of weeks. Anyway, thanks for sharing the finra info.
Squeeze candidate?
Imperial Petroleum: International shipping transportation company Imperial Petroleum (NYSE: IMPP) ranks third on the Fintel leaderboard. Short interest in Imperial Petroleum was up 1,500% in the latest month report. Fintel shows 46.9% of the company's float short. The cost to borrow on Imperial Petroleum shares stands at 164.9%.
Source: Benzinga
Which is exactly why I picked some up here. They've diluted this quite a bit since Sharp tried to get it. He's likely not interested at this point, but it's worth holding a few just in case.
You said the ceo is a moron. I gave you ONE example of why that's not a fair assessment. Your response was to attack me personally. I honestly give zero f*cks what you think.
Newbie? That's your response? Impressive...
He's such a moron that he brought in Andreas Thurner to design the Mullen 5. Who's Andreas Thurner? In 2004, Andreas joined Rolls-Royce Motorcars where he designed the Rolls-Royce Ghost and Ghost SII, the Rolls-Royce Dawn, Rolls-Royce Phantom SII (Sedan, Convertible and Coupe), and co-designed and led the Rolls-Royce Wraith production development.
https://thurner-design.com/
Yep, sounds like a bunch of clowns to me.
That $450 million loan would do it. Will they get it though?
On a longer timeline it will indeed happen. Just on the sale of the Mullen 5 pre-orders, that's $1.375 billion. That would be a nice start and why I'm planning on holding a chunk of my shares long term.
I get your point, but without mm's and HFs the stock market would be worthless. Not enough liquidity from retail to support it. No reasonable person would "play the market" for 1-2% gains, if that.
SI as of this morning is 214% of the ff. Keep that in mind. This could still squeeze.
Oh yeah, she's running hot at the moment. I like where we are churning right now though.
True. Few people hold anything these days. Scalps or very short term swings. This one will go much higher at some point, even after the hype dies off.
Pullback when it hit $2 was to be expected as those who loaded sub $1 taking profits. Looking for a break above $2, and for it to hold this time.
If it can break past $2.14 it'll rip.
<<<< Waving goodbye..
Well, that didn't take long! The suit had zero merit in the first place.
Notice all of the usual suspects that love to sow fud are conspicuously quiet today. Anyway, glad us longs have our shares on lockdown and will soon enjoy a rock solid payday.
Yeah. I saw a post on Twitter a few days ago that showed a supposed email from management with them indicating they have something in the works. Not a fan of the ss since they have diluted it, but at this price and with previous interest here I picked up a few milly here just for sport. =)
You cherry picked one aspect of my comment and took it out of context.
Like the man said, if you didn't hear it from me, then it didn't happen!
I'm with you..excited to be an actual shareholder with my patience about to be greatly rewarded. Happy for all of us longs and a nice payday is on the immediate horizon.
The Calasse lawsuit is a last grasp at straws. Highly unlikely it will impact anything moving forward because the court has already decreed the matter is settled. Just because an individual doesn't like the outcome of a ruling and refiles a suit doesn't negate the previous order a judge has issued unless there is some new revelation that a court would deem necessary to review that would possibly overturn the previous court's ruling. At that point the court would issue a stay of the previous ruling. To my knowledge that doesn't exist and hasn't happened here.
As for Finra, you are indeed correct. My comment was based upon the possibility, not the likelihood, of those changes happening expeditiously. Not knowing what if any backlog Finra currently has will certainly impact the time frame, but my guess is we're looking at no more than a couple of weeks tops. We should get a PR soon after the ink has dried.
Agreed. It might not have happened as quickly as we all had hoped for, but the end result will be well worth it. And the fact remains that each and every part of the process GS has said he would address has come to fruition.
Don't be surprised if as early as tomorrow or Monday your account reflects the additional shares, price change and new ticker symbol.
Smart money knows what is coming and why we have held our shares through all of the ups and downs. Hasn't been smooth but these tickers are far from being "scams".
Thank you for illustrating exactly what I was referring to.
You have been stalwart on these boards and have provided clarity and reason through endless noise and confusion. Many thanks for that!
And yes, not every filing or legal document is cause for panic or concern. Too funny!
Sure am glad I held onto my shares and didn't listen to a bunch of clowns that apparently lack the capacity to correctly interpret pertinent legal documentation referencing the share cancelation here, which then became our "gravy" shares per the filing on the 9th. GS getting things done! We're practically at the finish line.
Someone has quietly been buying several million a day in the 0002-0003 range. Probably nothing, but I plan on adding a few more while it's quiet. Pure lotto play.
Yep, and word has gotten out about $muln. Far more buying pressure now than before.
Those 2mm air share dumps 3-4 cents below the bid is not having the same impact it had previously. This strategy is about to blow up in their face. Just a matter of time.
Correction. Ukraine is the world's #4 top exporter of wheat. Russia is #1.
I got the two mixed up.
https://gro-intelligence.com/insights/russia-ukraine-standoff-drives-wheat-and-corn-prices-higher
That news in tandem with this, and you can see why there is a coordinated effort to drive this company into bankruptcy.
https://m.benzinga.com/article/25003714
Ukraine is the world's top producer of wheat. With what is happening there right now, I believe you're right. Might even pop higher than that.
Agreed. Commodities are great to fall back on when the markets are flat or bearish. Both corn and wheat are going a lot higher before summer is here.
Spot on. Especially corn. Major shortage coming later this year.
https://www.zerohedge.com/economics/farming-insider-warns-coming-food-shortages-are-going-be-far-worse-were-being-told
Some of the claims made on this board can be refuted with about 2 minutes of DD.
https://allaboutshipping.co.uk/2022/01/31/comau-stellantis-mullen-automotive-inc-new-partnership-to-develop-innovative-technologies-to-progressing-the-mobility-of-the-future/
The partnerships they have recently announced with Comau and Durr are indicative of the brand they ultimately wish to produce. Mullen owns the property and the manufacturing facility in Tunica, MS.
https://www.globenewswire.com/news-release/2021/12/20/2355241/0/en/Mullen-and-D%C3%BCrr-Announce-Partnership-for-Upcoming-EV-Manufacturing-Footprint.html
Plenty of available info out there, and far more accurate than the "trust me, bro, I know what I'm talking about.." bs that is so prevalent on this site.
Have a good day.
I've been adding all morning. Sold half at yesterday's high and I'm back to having a full position again. Just can't help myself.
They are definitely trying to push this back below $1.
They managed to reduce the short interest by roughly 30% over the last several days. CTB is still relatively high with a significant short interest that has yet to cover. I agree, we should see a reversal here fairly soon.