trilliondollar

Buying into the HYLN idea

Long
NYSE:HYLN   HYLIION HOLDINGS CORP
Have been watching this stock for a long time and think it should be near its bottom. It has dropped drastically from around 25+ in Dec and being kept down despite the EV boom due to the impending warrants exercise in DEC.

Warrants redemption ends in December and CEO is likely to start PRs in 2021. Their hybrid system is a good bridge for truck companies to go green without dumping their existing trucks. No notable competition in the Class 8 trucks category except from Tesla . Technical does not look encouraging but this seems like a good value play.

3~4 months PT: $33.50
PT 2: $53

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