Next time when there is a "fluff" news and the price goes up, try to gradually sell "some" of your position into the news. Then when the stock drops a bit, buy back. you might be able to break even, and even make more money after the next run.
The key is to distinguish between a real news and a "fluff" news.
A real news, can cause the stock to run for several days, while the fluff news will have a 1 day or 2 days max run, and usually the price goes down again.
And again, you only want to play with a portion of your shares. not all! Because real news can hit any moment and you don't want to miss a good run.
But you also want to take into consideration what the company is doing right now.
If you think about the last news, it was definitely a fluff news. We already knew and heard they were talking with the government to have this stuff regulated. So the news wasn't anything new.
Also, a month ago, they said manufacturing would start in 6 months!
Also they already said they had the prototypes tested out by some taxi motors!!! So what is this soft launch? It wasn't really elaborated on. Is it still with the prototypes? Soft lunch with how many taxis?
Also we don't have any timelines when they could hit the wires.. and we don't know what news we should expect news. That's the problem with this stock right now. There is no anticipation given to shareholders. That's why no one is buying right now. They only thing we know is that they are going to start manufacturing in 6 months! There are no other dates given. Stocks move on anticipation, and our only event we are anticipating right now is the manufacturing date which is far away.
Now don't get me wrong, there could be a lot of good news coming out too in the mean time e.g. they could say Thailand government is on board! now that would be huge. or they could say a company has agreed to buy the products (such as that CityBird from France)..
AI
