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re: Is anyone following WorkHorse ( WKHS )?
Posted on 10/6/20 at 9:00 am to supadave3
Posted on 10/6/20 at 9:00 am to supadave3
quote:
I'm watching this closely every day and trying to decide if there is a target amount at which I'd sell. Have any of you set a target amount? How do you go about deciding that? My mind tells me that is a point which it would be smart to sell %25 or so but I have zero clue when that should be. Any advice? Or are we thinking this may hit $50 or higher? Is $35 a good point to pull out a chunk? That's kind of what I'm targeting now. $35 and I'll sell some.
Everybody sells for different reasons. Some sell when they need the money, some sell when they think the stock will go down, some sell to buy other stocks, etc. We can’t tell you when to sell, but I’d say it’s a safe bet you’d get that $35 and probably $50 if WKHS gets a majority share of the USPS contract. The hype will probably drive it up, so you could either sell some there, or you just hold long term. If they get the contract then they’ll be on a long term upward trend bc they’ll have huge production and probably get even more contracfs
Posted on 10/6/20 at 9:22 am to Upperdecker
quote:
Upperdecker
Very informative and useful answer. Thank you. So I still have some thinking to do. I can definitely sit on this long term as the money invested is extra funds and I'm also building a six month cushion in savings but I'm not there yet, still pretty far away but I could see every stock I have and be in a decent spot for a few months.
I'm really starting this investment race late in life and have been pretty immature up until this point. Trying to catch up to being in a decent spot financially.
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