There is a possibility of USPS contract to WKHS in the last week of Sept or 1st week of Oct (due to market correction). If it does, going to hit $218-$220 (Based on fib levels).
In case there is no USPS deal then it's going to pull down to $4.
@isaacfho2013, In case there is no deal it'll go back to $4. Lordstown IPO is a just a small catalyst which will impact a little unlike USPS deal which is a jackpot.
kabitz
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@isaacfho2013,
$4.00 if no contract ? please elaborate on this.
bacola88
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Question: I am wrong by thinking that WKHS can get a % of the total USPS contract? IMO it won't get the 100% of it but USPS must include EV in its new trucks.
Gem-Hunter
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@bacola88, Since the contract is for 180k vehicles, i don't think it gives the contract to any single company. Either it can split among three or at least two. USPS can include both EV as well as Hybrid and WKHS likely to get either 33% or 50% of the contract.
bacola88
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@naghuntdworld, I agree with that, I was just surprised that you considered "no deal and back to 4$"
Gem-Hunter
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@bacola88, Because, $4 is the strongest support it has.