LONG TERM BULL, SHORT TERM BEAR
I am currently long shares, writing options so technically short under my strike at times, and trading additional shares to increase the overall share count.
I like opportunities and I understand the risks involved, which you may not so do not follow me or anybody without understanding all risks involved. This is an idea based on fundamentals and includes such laughable chart-work because the chart is simply meant to show as a timeline and basic shape/placer holder, do not spend money because of this chart or any chart, invest and trade at your own risk.
The reason I am somewhat looking for this chart to roll into the W after investor week is not only due to the fundamentals mentioned on the chart but. As shown in the more technical idea here, the market appears to have rejected the inverted head and shoulders and that has currently set us up to follow an ascending triangle. Spoiler alert for those that don't know: Those don't end well, statistically speaking.
While I ultimately think Lordstown Motors WILL be a great force in the automotive industry (whether that ultimately is a very large dumpster fire or an empire), we don't really know yet and it's just not healthy to disregard the opportunities to trade along the way.
I am currently long shares, writing options so technically short under my strike at times, and trading additional shares to increase the overall share count.
I like opportunities and I understand the risks involved, which you may not so do not follow me or anybody without understanding all risks involved. This is an idea based on fundamentals and includes such laughable chart-work because the chart is simply meant to show as a timeline and basic shape/placer holder, do not spend money because of this chart or any chart, invest and trade at your own risk.
The reason I am somewhat looking for this chart to roll into the W after investor week is not only due to the fundamentals mentioned on the chart but. As shown in the more technical idea here, the market appears to have rejected the inverted head and shoulders and that has currently set us up to follow an ascending triangle. Spoiler alert for those that don't know: Those don't end well, statistically speaking.
While I ultimately think Lordstown Motors WILL be a great force in the automotive industry (whether that ultimately is a very large dumpster fire or an empire), we don't really know yet and it's just not healthy to disregard the opportunities to trade along the way.
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Wow, dumpster fire it is! I increased my long positions this morning. Looking to add more next month if it's still under $10.
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currently unfolding earlier than originally planned
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Looking like it could continue lower before production starts... Who doesn't like buying things at a discount? Buy fear, Sell greed...
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After the bombshell today, im out. No longer the LMC I originally covered.
