Greenpower Motor Co Inc (GP): I now have an idea about the direction o...

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AgeOfReason

Re: omac104 post# 422

Wednesday, 09/09/2020 6:52:41 PM

Wednesday, September 09, 2020 6:52:41 PM

I now have an idea about the direction of GP. Today it now looks to me that the stock has bottomed out (at least for the short term). When it was falling I sold shares at $15/share but I bought them back today at $14.98/share. I noticed they rebounded nicely today and the stochastic indicator on a 3 month chart using daily periods has a move upwards, after a significant drop, which I think (in the case of this high momentum stock) indicates a buy signal, hence I bought back the shares. All of these are my observations and opinions of course.

I saw this headline earlier:
"Analyst Actions: B. Riley Initiates Coverage on GreenPower Motor Company With Buy Rating, $24 Price Target
1:09 PM ET, 09/08/2020 - MT Newswires".

I thought about acting on it when I first saw it but didn't because the it was only a headline without a paragraph stating the reasons for the rating. But maybe it is why the stock shot up today.

In posting to this site, it is my primary aim to provide accurate information and good ideas to the readers, for their benefit - and not hype or nonsense or gross exaggerations (except maybe for humor). I hope I achieve that goal.