Saleen Automotive, Inc. (fka SLNN)

[TeamLannister]

Anytime, I mean.. I spent a few hours trying to reason this out. I have been watching the prices since around January and bought in this week. I should have waited just a little longer though, pretty much as soon as I got in the price set a brand new 52 week low.

This isn't a pick for the faint of heart. This is one of those "true-believer" stocks where basically they look like they could go under any minute but the strength of the brand and their ability to capitalize on their friends gives them a fighting chance.

There is cause for concern though. If you Google "Saleen" and "lawsuit" you'll find some interesting stuff. I know on the forums I get accused of being a cheerleader, but I want to make sure that I cover the fact that I know that a lot of ugly stuff is going on.

I've actually accumulated quite a few shares and I'm going to keep buying here and there as I trade my other holdings. It's going to be a fun ride! Kinda like my 2005 S281 3-Valve...