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Kandi Technologies Group, Inc. Message Board

  • the_stock_watchman_007 the_stock_watchman_007 Feb 8, 2013 10:09 AM Flag

    Kandi should be higher, but is down after J.V. with Geely. What's Up-I am long and expect a slow rise on pps.

    The Kandi/Geely J.V. seems like a positive for Kandi..Can anyone explain why we are slowly going back down. Thanks..

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    • I don't know the exact answer but it's probably a combination of Chinese RTO, relatively high PE and the recent Geo short articles.
      I almost bought back on the JV news but as soon as I saw the weakness at the open, I changed my mind.

      Will just watch for now.

      Notice that you got a thumb down for just questioning what might be going on. Be careful on the private board or you'll get kicked out like I did.

    • watchman, you can expect future announcements of this sort to result in similar stock price action. Wallstreet has expectations for KNDI. That's why it boasts a high p/e. It will have difficulty moving significantly higher until the earnings improve. You can only go so high on hype.

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