Cenntro Electric Group Ltd (CENN)

[PennyStockTrader2]

Providing an update on trading of CENN. After purchasing my first shares at the beginning of the year at ~4 bucks, Im now holding 7800 shares lifetime avg $1.27/share (including writing options profits). Its not great but I'll take it. Look the good thing is that most of the downside SHOULD be wrung out by now, but of course we never know that especially if there's a long recession. I'll keep writing the $2.50 calls against part of my position and trading spikes to lower my cost, but I am betting that CENN will remain a viable company and at $1.60/share it's a reasonable entry point, though it certainly can go lower.