The Dow Up 457 And the Nasdaq Up 460.70

Look at these gains today. Today is a Thursday. Meta is up $18.04, AMD is up $17.49, NVDA is up 110.55, AMZN is up $6.00, ELI lILLY is up 23.75, SUPER MICRO is up $241.52, NETFLIX is up $15.12, COSTCO is up $11.38 AND MODERNA is up $11.85. Gains of $110.55 and $241.52 in one day on two stocks! What's that all about? Well warning bells should be going off. We must be at a short term top. Three stocks stand out to me that are having changing stories. 1) Moderna. 2) Rivian. 3) Lucid In these crazy markets a lot of these stories get buried. Option players in these markets are getting whipsawed and it is getting to be to difficult a market to play in. Once this final round of earning reports are over things should get back to normal.

Mullen : A Quick Read On A Fascinating EV Development - Updated December 2023

The companies CEO has written this letter to his shareholders. First a look at how the stock is trading.
So here is the thing. There will be more investigated news coming out shortly on how the stock is being manipulated. Good luck on trying to figure that out. Amazingly the company has gotten this far and they are promising new vehicle deliveries in the next five weeks. That will be a major acheivement. Yet they will still need more money if they want to open up a new 650,000 square foot factory. This qualifies as a junk stock and most people would never waste their time following stories like this. It is however interesting. David Michery is not having fun times. *** Look at what has happened in the time it took me to write this blog, it dropped another 13%.
Now look at an end of day chart and the volume trading. One day reversals like this are rare.
It's back up again to $.74.** A Sept 3th update. Michery spoke out on a talk show called "Making money with Charles Payne which aired on Fox Business". He offered the following comparisons. The stock continues to fall.
What a crazy month of trading.** An Sept 15th and 18th update.
This stock still has a following. If Ford and G.M. are losing money how can a small little company like this ever make a go of it? Good question. Traders however still seem to like the action.
Now a December 2023 update. If you want to start watching this stock from this time forward you can.
It's still an exciting story.


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