I have no intraday charts of KNDI...I intend to accumulate 1200-1500 shares in the next 4 months and build that 1500 shares to 10,000 shares at no cost to me...in less than 2 years...all I need is signals...and alerts... Expect stock price to have a 2,933% increase in 3 years...stock trades for under $5 dollars now. http://seekingalpha.com/article/875081-kandi-technologies-it-ain-t-easy-being-green
read some of the comments...pro and con... here's one comment... To update a few of your points: - There is a 4-seater model soon to be available as part of the leasing program in Hangzhou, a joint venture with Chinese auto giant Zoyte. But Mr. Hu (CEO) agrees with you that the biggest future revenue for Kandi is in the short-term rental/smart garage model. He emphasized this at the recent investor meeting. - There is no need to drive above 80 kph in China's congested cities which is what these vehicles were designed for. - The PRC is now so heavily invested, both politically and financially, in this electric car stimulus, that they are practically mandating its successful adoption nationwide. - Last week the US and China reached a compromise on review of Chinese audits of companies listed in the US.
Your conservatism is rational and obviously based on knowledge and experience. But at the current stock price, and even allowing for all your skepticism and a slower than expected ramp-up of the leasing program (which is so far ahead of schedule), and even assuming the many other cities clamboring to be included in this program aren't added in the next few years, we are still looking at a compelling investment opportunity over the next 2-3 years. If there are investor risks, they are at a much higher price and several years away, in my opinion. Right now it seems to be a much higher risk to miss out on the earliest, most explosive stage of growth.
But thank you for adding a well-considered note of caution that should always be part of this conversation.
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