Young tech buck on Foxbusiness pumping BTC like crazy, calling for $200,000 in 2022.
Very simple, Fed is being more aggressive and riskier assets like tech and crypto are down.
As far as EVs, they are all very speculative except Tesla - which is where you should be. It was on sale a little bit ago 12/21 for $908Shit… EV is down.. and the fed LOVES Ev right now ….
As far as EVs, they are all very speculative except Tesla - which is where you should be. It was on sale a little bit ago 12/21 for $908
What Co. ? Did it make money? I'd imagine not. That's probably why the market doesn't give a crap. AMD is getting hammered and it's making boatloads of cash and has a flawless balance sheet. This will turn into a classic flight to quality when it's all said and done after the sector rotation from growth to value.Yes and No. the one I’m in.. sold thousands of vehicles… has hundreds of patents.. partners around the world. Has vehicles in 3 dozen countries.
Yet… the market gives no ****s.
Like throwing darts blindfolded. Every amateur has a price. Remember everyone saying BTC to $100k by the end of last year? Yeah, where are all those guys now? The long term trend is up but timed price targets is a crap shoot for fools.Young tech buck on Foxbusiness pumping BTC like crazy, calling for $200,000 in 2022.
What Co. ? Did it make money? I'd imagine not. That's probably why the market doesn't give a crap. AMD is getting hammered and it's making boatloads of cash and has a flawless balance sheet. This will turn into a classic flight to quality when it's all said and done after the sector rotation from growth to value.
Yes. They have made money every year for the last 3.
Meanwhile Rivian hasn’t and somehow still trades in the 80s
It’s Cenntro .. it’s who Nakd just merged with.
They’ve been in the black for years… over 2b revenue in 18, and awaiting a new valuation now
Well they are very small time and have made about 3k cars total over the entire company lifetime. I think that pretty much says it all. Look how Tesla has scaled capacity. Even Tesla is kind of small potatoes compared to Toyota or the big 3 (right now). It's the growth potential that drives the stock price. Doubtful that Cenntro can scale up to be meaningfully competitive. It's probable that most all of the company's value is locked into it's patents - which only go so far.
Stay focused. I'll just repeat - "a flight to quality" and "a sector rotation". You're asking why it's down and I've told you. Rivian got hammered just like ALL TECH. It will pass. If you are that concerned about chasing the market, rotate to quality.Rivian Sold exactly ZERO when they went public.. but somehow traded over $100
So it all makes no sense. Yeah I know Rivian has “ X “ contract, but they were in the red last year… no production vehicle. And somehow.. worth that?
Cenntro is in 32 countries…. They just acquired an American plant.. they create their own chip so they chip shortage never effected them.. among other things
What growth potential did Rivian prove ? They continually lost money. Cenntro year after year made profit .. grew .. etc
The correlation between growth and share price .. is very skewed anymore
Stay focused. I'll just repeat - "a flight to quality" and "a sector rotation". You're asking why it's down and I've told you. Rivian got hammered just like ALL TECH. It will pass. If you are that concerned about chasing the market, rotate to quality. I prefer not to chase the market.
Yeah, I stay away from meme anything. Underwear to EV's. It's bubble-ish.NAKD was my long hold back when it was a meme stock in early 2021.
Now it actually has potential. I’m just sitting waiting