Mullen Automotive Inc (MULN)

[Smilin_B]

A bust?

Perhaps my memory is a little shady but I believe we closed at $1.25 on Friday.

At 4am pre market, I purchased several tranches of stock, the lowest being at $1.31

MULN opened at $1.34 and ran to $1.53 on nice volume.

It was met by some profit-taking, mine included.

Then as it retraced, those that sold near the high of session, began re accumulating while those that purchased near the day high (if disciplined as "day" traders), stopped out.

This selldown caused an opportune environment for longs to go long.

Look at a chart.

Its stairstepping higher with healthy retracements - just what you want to see from a chart. And we have several extremely near-term catalysts coming within the next couple of weeks. David already said that the Fortune 500 company and his team are already in the process of preparing a press release and that he has been contacted by the CEOs of several very large OEM ( original equipment manufacturers) - that are very interested in collaborating on the solid-state Battery Technology and perhaps licensing the technology which would provide immediate revenues.

There's simply too many irons in the fire and it is completely ridiculous to sell off the stock so early in the week ahead of so many confirmed catalysts