I’ve sunk pretty much every dime I have now into this EV supplier stock and am hoping for a miracle with the business.
- I guess I shouldn’t call it a miracle because it hit the $8 mark last year before they even started making cars and if it hits the $6 mark I would be back to where I want to be.
I feel now that they have begun production of the cars the price is going to find a house in the $5 range pretty soon. Pretty soon meaning within a year or two, as my Heating plus A/C rep acquaintance was telling me. I am going to try and buy more shares while the price is low so that if it hits the $5 mark I would be all set. Most of my smart control component sales commission is in this stock and I don’t have much more right now, but if the local supplier gives me more hours after that I will buy more stock. I want to have 20K shares before it takes off and just kneel on that for a few years if that is what it takes. I can do more duct sealing jobs and use that cash to buy more, but the heating dealership would need to provide me more hours first for that to happen. I had just 1650 shares last year when I started out so at least I have more and hopefully the price goes up to where it was a year ago. The up-to-date supplier in city bought 50,000 shares with her heating and cooling repair cash so let us see what happens.