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Alias Born | 04/24/2014 |
Sunday, May 14, 2023 8:52:48 PM
I too believe that the plan has always been to liquidate Burns out and initiate a 15:1 reverse split to elevate the position back over a dollar and back into NASDQ compliance.
You always need to take out the garbage before you can renovate.
I don’t think that the Endurance was the main objective either; rather, IMHO, I believe that it served as a “proof-of-concept” for another platform/initiative.
FOXCONN has multiple irons in the fire and initiatives that are commensurate with what the Lordstown factory could provide.
When investing, I always hedge my position with options, playing both sides of the swing—it’s worth the double premium —and almost always follow the flow of volume thereof.
I may be wrong, but I think the “play/hold” is worth the risk.
I have been relentless taking profit—both on the way up and on the way down—ever since Mr. Watts mentioned this position well over a year ago.
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