WKHS Long (trade in play)
Updated
A strong breakout has finally happened. A pattern something like this will be ideal. I've been watching WKHS since $13 and the company might finally be turning some profits soon.
Some reasons for a rally.
1.) They received an order for 6300 vehicles. (January 4th 2021 -> minify.link/6lw)
2.) Big EV names (NIO, TSLA, PLUG etc.) have made insane moves while WKHS has been standing.
3.) Earnings is coming up (March , and with the big orders there might be a big run up with expectations of positive earnings.
4.) The open short float on January 26, 2021 was 30.99%. That is massive and if price action starts to pan out there might be a short squeeze (kind of like a sympathy play for GME, just on a way smaller scale).
I am just a small retail trader, but the idea is for the EV and Short squeeze hype to transfer to WKHS. I am willing to risk some good money on this trade, and I am not responsible for anyone elses trades.
Please criticize this play! Pick it apart, I wanna know why you think it's bad! We can all learn.
Some reasons for a rally.
1.) They received an order for 6300 vehicles. (January 4th 2021 -> minify.link/6lw)
2.) Big EV names (NIO, TSLA, PLUG etc.) have made insane moves while WKHS has been standing.
3.) Earnings is coming up (March , and with the big orders there might be a big run up with expectations of positive earnings.
4.) The open short float on January 26, 2021 was 30.99%. That is massive and if price action starts to pan out there might be a short squeeze (kind of like a sympathy play for GME, just on a way smaller scale).
I am just a small retail trader, but the idea is for the EV and Short squeeze hype to transfer to WKHS. I am willing to risk some good money on this trade, and I am not responsible for anyone elses trades.
Please criticize this play! Pick it apart, I wanna know why you think it's bad! We can all learn.
Note
Got rid of everything at an average of 35, haven't looked back for a while and shocked at what happened!
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