They're producing the first electric pickup truck for 2018, and they will be presenting the truck this May which may draw investors, (http://ift.tt/2fdl2KF) and it seems highly promising at a mere ~$3 a share.
(For reference: http://ift.tt/2he2053)
Thoughts? I don't have a crap ton of money (a few thousand that I'm able to use), and I really would like to buy while the price remains low. I think the company is currently undervalued, and I think it is reasonable to expect the price to pick up around May (preferably $4+) when they present the truck, as right now we don't really know too much about what it looks like completely, how it performs, its entire specs from top to bottom, etc.
Would it be a silly move to buy 350 shares at $2.80 - $3.00? ($980 - $1050) My thinking is, I sell half around May and keep the rest until it releases next yearish. I do realize that I'm probably not going to make much of a profit, but I'm fairly new to investing and I really want to start with a company I understand, and something I believe in.
For the last three to four years I've been making predictions and speculations on stock and commodities, and for the last two years I've been right on an overwhelming amount of things. For instance, I would make a list of every single thing I thought was bound to increase in price, and I'd write down the company name, the price I'd buy in (if I hypothetically had the money), and would jot down my reasoning all in a small journal. I was correct on virtually everything, without sounding like a braggart.
Here are some things I guessed correctly on: NRP, which is a diversified American fossil fuel company with a focus on coal (National Resource Partners), Nintendo (a week before Pokemon Go was released), and I also predicted crude oil would rebound (for several reasons), and a lot more as well. Boy do I wish I had money last January when crude was still hovering around the $30 mark. Damnit.
I should also note that I am huge on economics and politics, particularly global affairs, and like George Soros, I also believe that you have to look at most things from a global lens and realize that the statuses of both the economy and politics are directly correlated with the performance of markets. Of course there are many other factors too when it comes to what influences the price of something, but generally speaking, basic things such as interest rates, political uncertainty/instability, a weakening dollar (and so on, and so forth- many other factors too) will undoubtedly (in my opinion) have a strong influence.
Sorry for the tangent. My question is: do you think this is a good idea in your opinion for me to invest in Workhorse (WKHS)?
Submitted March 04, 2017 at 01:54AM by Little-Jellyfish http://ift.tt/2mlQOsI
