coinYoni

WKHS Bullish Pennant

Long
NASDAQ:WKHS   WORKHORSE GROUP INC
With the high probability that WKHS will get the government contract for EV's, it is likely we will re-test the $40 range soon and likely break it as wsb people get Fear of Missing Out. This pennant should break tomorrow actually (1/29) and we can maybe see a new high.

My only concern is that some people don't understand that when insiders sell, they have to let the SEC know months in advance, so with the CEO paying himself on the 26th, some people who are uneducated see that as a sign the contract won't go through. I will be taking advantage of these people buying up their shares.

There is probably a 65% chance WKHS earns some or all of the contract in which case the holding will all be worth it, the only competitors are a gas engine, and a hybrid engine made by a Turkish company. Although Biden does not have direct control of the post office, it is quite unlikely they side with the gas or hybrid option as the goal is an American made EV - not a Turkish made Hybrid or an American Gas Engine.

People also worry about the production speed this company has... if they get six billion dollars that will not be a problem whatsoever.

I think everyone knows this is one of the best opportunities of 2020.

Please feel free to comment your thoughts.

Comments

not good volume tho
Reply
@vik0q, Volume is the last piece of the puzzle.. if we can get that we'll be off and running.
Reply
vik0q thmacmill
@thmacmill, Yes mostly price is the thing, I can see that with UPS and SPOT, no volume, but the price level isi the lowest. so I ended up buying those stocks
Reply
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