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What Do I See Here? It's Disney In Nose Bleeding Territory.

First it's five day chart. There was news this morning which might be attributable to this morning's jump in price. Ai news should always be taken with a grain of salt as it doesn't add to the bottom line profits overnight. The markets jumped today big time. Do markets sometimes take a pause after big jumps like this? That's the question and that's why I am attracted to it's one day Puts today just prior to the closing bell. A fifty cent selloff in tomorrow's premarket or shortly after would cause these Puts to jump by 50%. A double in price on the Puts would take a bigger move down than fifty cents. Might the stock give back one half of what it gained today? Here is how it is trading in the aftermarkets on Thursday. One concern is the light open interest numbers. This can make for larger than usual spreads between the "bid and ask". Let's hope it's a get-out-quickly situation however there is still lots of trading life left in these P...
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Another New Electric Vehicle Player To Watch - Vinfast.

Do you remember Polestar going public at $10.00 a share?
Look at how it has struggled. It dropped further this week on a disappointing quarterly earnings report. Maybe next week it will bounce back again. It's still in business and advanced new models are soon on the horizon. It could be like the Nio report last week. Nio bounced back after reporting a quarter of lower production numbers.
Other upstart electric vehicle companies like Rivian and Fisker are also struggling to be profitable. Remember I recently mentioned Faraday Future doing a 70 for 1 reverse stock split? How crazy was that? A ten for one reverse split would have got them over the magical $1.00 mimimum trading treshold and kept it as one of the most actively traded stock on the Nasdaq. Here is how it traded this week after their announcement. Their stock in now sinking into oblivion.
Then there is a newly listed Vietnamese company called VinFast with vehicles arriving to North America and plans to buld a factory in the United States. What a dumb time to listing a stock in this sector on the NASDAQ. I think the stock is in for a rough ride.
Down from over $80.00 at the start of the week to $29.49. What's to stop it from going to $15.00? Stay away until it builds it's new factory on U.S. grounds and gets it up and running. On a differing note, the big three auto companies in North American now have new companies like this one coming out of nowhere as competition. Competition is a good thing. Consumers are gaining more options. ** An Sep 6th update. The rough ride continues.
A Sept.22nd update.
EV stocks in this price range make me nervous.

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