Yes...but very few states where this market for TRTC is legal. Try AYTU for much quicker gains over next 3 months.
So buy more and hold.
Should go over $5 this week.
Lack of news, lack of transparency, lack of strong margins. All that being said.....KNDI is going to grow....and they say they are trying to increase margins. Would be nice to see a some sort of statement clearly stating how they will finance growth. The huge subsidy payments have to go along way.....and if they sell 275,000 cars this year....those payments will be enormous.
Obviously it is on an upswing.....but the swings are huge....I got caught once buying in at 8.50....dropped under $7....but it bounced right back because book value is at around $7.
The entire rise from $6.14 has been low volume. Need to make this real right here.
Volume, volume, volume
KNDI did not fall from $20 because they stopped growing....but because they did a share offering at $17 something. If not for the offering KNDI would have maintained around $20 and possible hit $30 by now.
What will determine whether KNDI 's share price can truly soar is whether they can finance this growth without dilution and become a financially transparent so that they build trust and attract and hold investors. Yes....new share offerings can and will occur.....but the growth in revenue AND margins has to out pace the dilution. Just being real. For the record I bought at $4.80 ....sold at $17. 80 ish. Bought at $12...sold at $10 nish. Bought at $5.80 and am holding long.