BrokenArrow
WKR
Guess I found all my red candles!That is a good question.
Current (today) = $55.85 (-$0.02) = -1.117 = so not great
P/E ratio (realistic/BS) = FOMO!
Future = purely spec? But, I'm buying.
Lets just say that i really don't have an answer for SHLL operating margin, cost of goods, variable costs, ETC....this does scare me a bit. But, so much less than Nikola! Not to divert the answer, but anyone holding Nikola is just paying for trevor milton's house in UT. They don't even have the building permit for their location in AZ!!!! The Permit hearing hasn't even taken place!
Anyway, I have done diligence on many aspects of SHLL and the confidence builders for me is their capability to generate carbon neutral vehicles, partner with Ryder and Dana, and be able to retrofit all the major carrier chassis.
I don't have a real good P/E answer for you all on this one. I'm riding the wave based on what I mentioned above. Hopefully future financials prove to us all they have what it takes. And $100/share was kind of a giant wish, but after another 15% gain today, what would merger news or a sales announcement do?
Contrarily, The other thing I will say is that I think segments of the market are beyond oversold. It is detached from our economy. Old market rules may have nothing to do with newer companies, because of newer investors investing in them.
I am careful/concerned for the near future of the market. I sold my longs within the last week on highs. I am trading FOMO/Volatility until that breaks down, ready to bail when I start seeing the first big red candles.
Then again, this momentum could last another year with stimulus propping up all the bubbles????
I have mentioned before in this thread that i am scared of a giant pullback. But, I keep trading and will make money as long as possible and I'm prepared to short, put, and spread when I think its time.
Country Boy, Thanks getting me fired up before PM open!