ApteraIt's apt that Aptera price fell like a stone. Everyone with two brain cells knew it was going to plunge on IPO. So, if you bought the stock of a company that has no product and only boatloads of debt, then you only have one brain cell, and you deserve everything coming to you.
Who would like a three-wheeled vehicle that can't fit any luggage? I thought so. There's a reason 4-wheel vehicles won over the public. It's not just that four wheels are more stable than 3. It's a deep psychological issue that the Aptera group misses completely. Mammals have four limbs, and our vehicles are a projection of how we see ourselves. If you have three limbs, you are disabled. It's a major shortcoming, and proves that the design team are too ideologically driven, as is often the case when the owner's own the I.P. You can't let ideologues run a business into the ground, or in this case they didn't even get off the ground.
How demoralizing. Has anyone learned their lesson? The level of copium in the chats is world-class. The "Aptera Owner's club", where nobody owns an Aptera, is a complete joke. You should read the comments in their videos, because it's highly entertaining. People with no business investing any money.
Anyway, I just wanted to put this on the wall again, and try to form in sentences how hard I'm laughing inside at this utter debacle.
Aptera Motors Corp.
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ApteraHi gang. It gives me great pleasure to announce that the Aptera IPO was a failure. From what I understand from the Aptera chat groups, most of them need about $44 to break even. At the lowest point in the day, that position would have been down well over 90%. So, the IPO tested down 90% on the first day, and closed 80% down for the day.
All of this was completely foreseeable, and I've been trying to warn these Aptera Fanboi groups to check themselves because I knew this would happen. Who wants an Aptera? Exactly. Nobody. Even if you like it, you can't afford it. If you like it, AND you can afford it, well, congratulations to all 9 of you.
Sono Motors (SEV)This is a chart of the solar EV company Sono Motors (SEV). The company is headquartered in Germany and went IPO on the Nasdaq in 2021.
This stock is presenting a decent risk-to-reward setup because it has been finding support within important Fibonacci convergence zones (yellow area). I created this Fibonacci convergence zone by using trend-based Fibonacci retracement combined with a long-term Fibonacci drawn from the stock's highest ever price down to a price of zero. Any bottoms that form in or near this Fibonacci convergence level will likely be extremely significant.
Aside from a Fibonacci analysis, a double bottom recently formed on the daily chart. Of further note, IPO stocks have been showing signs of beginning to outperform the broader market. While the broader market was making lower lows in June, many IPO stocks, such as SEV, have been making higher lows. Oscillators on the longer-term charts validate this trend by showing signs of beginning to oscillate back to the upside. This is a long-term bullish signal for IPO stocks. Here's a great post by @TradeStation for a more in-depth analysis of the recent IPO outperformance:




