i'm very surprised to see KNDI jump this much with another announcement of potential gains and no actual revenues to go with it. I've been long KNDI a long time and continue to be long, but I don't understand the run-up in price. We already knew KNDI had partnered with Geely. Was there doubt that they would produce a product? What am I missing?
some funds like to manipulate a low float stock that has a headline. they will push it up a couple days then short it all back down while they sell their shares that have a profit.
easy money if you pick the right side to get on.