Hey Chasen...what happened to "sell every pop" ? Anyways how you doing. One of these days soon you should buy and hold.
You can love it or hate it....but fact is KNDI gave us two chances at $5. It won't give you three chances. Now is the time. Going to $20 soon...and then will break out above that this year.
In your case the only thing that matters is that you have a place to get your chatting fix. I gave you KNDI at $4.50. It has never fallen below.
Nor did I know that any of the other American companies that KNDI was compared to. Upon further investigation they are not. KNDI is infiltrating their marktet....they are virtually non-existent in KNDI's home market.
Then you might have to wait a year or so for more
The only really bad news for this stock was the SEC investigation. Any kind of normal PE puts this over $30.....I think this moves up fairly quickly and $20 becomes the new base.
So it really isn't a KNDI thing
More specifically? Long side of what? The whole market? Whats the purpose of saying KNDI is going to $3 if you don't believe it enough to short? Why don't you just share what you just said....becuase that's real. Basically you don't feel comfortable with any trade right now on KNDI....and the overall market is still a bull market. What are you day trading right now in this market? There's enough people just spewing on here. I want to here where people are putting their money.
Come down on one side of the trade or the other. If you really believe KNDI is going to $3 then bet on it. I want to see conviction. Or if it's so simple to "sell the pop" why don't you? You said you have no money in this.
As far as I am aware of KNDI is the largest of the electric car makers....their problem right now is not competition...but capacity. They are selling every car they can make as fast as they can make it. They have two new higher end models ......one a luxury model coming out next year. China wants to transform to clean energy....KNDI is half owned by Geeley who also owns Volvo. There is risk with every investment...but at this time I don't see anyone in a better position than KNDI. I don't think there are enough companies or enough production to even begin to fullfill the demand for the next ten years.
More like two years ago. I also recommended that you sell it all when it was still in the high teens. For the record I sold all KNDI at $18.50. I bought a bit at $11.80...and sold everything at $11.15. I loaded up last Monday at $6.06. I only hold KNDI, MIFI, SLTD and HYSR. But KNDI and MIFI are my main holdings. I also sold MIFI at $5.80. I bought back at $4 and loaded up at last monday at 2.30.
Yes Chasin....KNDI is a $30 stock within a year. MIFI a $20 Just tryin to help you out here.
Typical high growth companies trade at 12-14X earnings. So even with a huge discount for being a Chinese stock....KNDI still will move over $20 within the next year.
Based on what. If anyone is looking for actual data...read the article. I did not make this up. 6X earning is already conservative. So $26 would only be 3X earnings.
When KNDI rose from $4.50 to $21 the first time...that happened within a 8 month period. KNDI is in far better shape then when it was at the 52 week high. The recent down trend has to do with the price of oil. Having an idea of what a stock is worth is not non-sense. Also I am just sharing what the Seeking Alpha Article states in much more detail and stats.
Your saying $26 is insane one year from now? We shall see. that would be ridiculously low considering the growth and the 400,000 vehicles sold per year by 2020....20X more than this year.
not my numbers.....google Seeking Alpha article titled "Kandi Simply Explained". Most companies with this kind of growth would trade at 12 to 14 X earnings....so even a conservative estimate would be to cut this in half and give it a 6X earnings estimate price per share. So no not a dream. Is actually a conservative estimate. Fair value was $38 back in May....but earnings have increased since then. Time will show this to be true.
not my numbers.....google Seeking Alpha article titled "Kandi Simply Explained". Most companies with this kind of growth would trade at 12 to 14 X earnings....so even a conservative estimate would be to cut this in half and give it a 6X earnings estimate price per share.