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re: Is anyone following WorkHorse ( WKHS )?

Posted on 10/12/20 at 10:10 am to
Posted by el Gaucho
He/They
Member since Dec 2010
52907 posts
Posted on 10/12/20 at 10:10 am to
Lol damn and I thought I was too heavily invested in this. I’ll hold for now and if I win y’all can come on my boat
Posted by TigerGrad2011
Member since Aug 2016
1578 posts
Posted on 10/12/20 at 10:59 am to
quote:

Someone just bought 862,500 shares @ $30.31 I bet they know something !


Makes me feel small in this world with the 150 shares I bought a week ago.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30542 posts
Posted on 10/12/20 at 11:22 am to
quote:

It’s gons up like 20% in 2 days does that mean it’s time to get out

Stay in if you can afford to lose the money. We’re at a huge risk huge reward zone. Either WKHS gets the contract and explodes, or it doesn’t get the contract and implodes
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30542 posts
Posted on 10/12/20 at 11:29 am to
Not sure if this has been brought up yet. But current market cap is $2.96 billion. Contract is $8.1 billion. Not all of that money will go to WKHS, as WKHS will be paying its suppliers. Assuming a 50% valuation of the contract and assuming most of the current market cap is pricing in the contract, share price $38. Assuming 100% valuation, $76. Now if you give it the normal EV treatment as value it well past the possible revenues, sky’s the limit
Posted by AncientTiger
Mississippi- Louisiana - Destin
Member since Sep 2016
1380 posts
Posted on 10/12/20 at 12:03 pm to
quote:

It’s gons up like 20% in 2 days does that mean it’s time to get out


10:00 am tomorrow is the Board of Governors news release. If the news is bad or if there is no news, plan your escape accordingly. As the stock will fall quickly.
Posted by cgrand
HAMMOND
Member since Oct 2009
38636 posts
Posted on 10/12/20 at 12:10 pm to
no pain no gain
good luck guys
Posted by PillPusher
Gulf Coast
Member since Oct 2009
5705 posts
Posted on 10/12/20 at 12:17 pm to
In for 5 11/20c $30. They’re going to explode. Which direction is the hard part. Luckily it’s a very small overall position in regards to the total portfolio.
This post was edited on 10/12/20 at 12:18 pm
Posted by Ballstein32
Member since May 2020
363 posts
Posted on 10/12/20 at 12:23 pm to
10am eastern time?


Also, all I see is the Kwanzaa stamp release scheduled for 11am eastern time. Is this what you were seeing? I can't find any mention of a board of governors press release or anything else other than that stamp release.

This post was edited on 10/12/20 at 12:38 pm
Posted by AncientTiger
Mississippi- Louisiana - Destin
Member since Sep 2016
1380 posts
Posted on 10/12/20 at 1:28 pm to
No! The Board of Governors meeting was on October 6th. The Sunshine Act enabled the meeting to be private. On October 13th , the results of the meeting will be made public. I will follow up with link, busy currently.
This post was edited on 10/13/20 at 7:14 am
Posted by ReadyPlayer1
Clown World
Member since Oct 2020
1060 posts
Posted on 10/12/20 at 7:54 pm to
business journal daily

1hr 1min. Lordstown motors on the cusp of getting 800 million from the USPS contract.

He is the one who says it.

The incumbent, U.S. Rep. Tim Ryan, is seeking reelection to the seat. The Trumbull County Democrat was elected to Congress in 2002.

Not sure if this guy is truthful or not, he is a politician !
This post was edited on 10/12/20 at 7:56 pm
Posted by AncientTiger
Mississippi- Louisiana - Destin
Member since Sep 2016
1380 posts
Posted on 10/12/20 at 9:59 pm to
October 6th - Board of Governors Mtg

Release date Oct 13th - not sure of time ? Only says Publication Date 10/13/20
This post was edited on 10/13/20 at 7:14 am
Posted by el Gaucho
He/They
Member since Dec 2010
52907 posts
Posted on 10/13/20 at 7:29 am to
Sooo dphc is up 5% after hours wkhs is up 4%

Is it happening
Posted by supadave3
Houston, TX
Member since Dec 2005
30234 posts
Posted on 10/13/20 at 8:23 am to
quote:

Makes me feel small in this world with the 150 shares I bought a week ago.


You? I have 18 shares.
Posted by supadave3
Houston, TX
Member since Dec 2005
30234 posts
Posted on 10/13/20 at 8:26 am to
quote:

In for 5 11/20c $30.


What is $30? I'm seeing WKHS at $26 and DPHC at $24?

Someone above talked about 350,000 shares at $30 also and I don't know what he's talking about specifically.
Posted by ReadyPlayer1
Clown World
Member since Oct 2020
1060 posts
Posted on 10/13/20 at 8:29 am to
Taken off live news on TD

BZ: Workhorse group entered into Securities Exchange Agreement with HT; Exchange Agreement Provides HT will Exchange $70M of existing notes for 5.03M shares of Co.'s Common Stock

Is this good news ?
Posted by supadave3
Houston, TX
Member since Dec 2005
30234 posts
Posted on 10/13/20 at 8:32 am to
quote:

Is this good news ?



I don't know, but I need to know too. My overall portfolio just dropped about 5% in the last 30 minutes.
Posted by castorinho
13623 posts
Member since Nov 2010
82010 posts
Posted on 10/13/20 at 8:37 am to
He bought $30 calls that expire on 11/20.
Not sure how much he paid for that yesterday but for every $1 above $30 he'll gross $500
Posted by ReadyPlayer1
Clown World
Member since Oct 2020
1060 posts
Posted on 10/13/20 at 8:39 am to
Seen 2 big buys of 350k shares this morning. Biggest sale I seen was 20k. Just hope following the money pays out !
Posted by supadave3
Houston, TX
Member since Dec 2005
30234 posts
Posted on 10/13/20 at 8:45 am to
quote:

He bought $30 calls that expire on 11/20.
Not sure how much he paid for that yesterday but for every $1 above $30 he'll gross $500


Ok, showing my ignorance here but I've admitted it several times already and have never tried to indicate differently.

So that's what 'calls' and 'put's are? Calls for example, mean that he's 'calling' the shares to at some point in the next 37 days will be above $30 and when/if that happens, he'll gross $500 for each dollar above $30?

I've held off on asking this very basic question in these threads and plan on just researching it and finding the answer and not cluttering up the board with my basic, arithmetic level understanding of investing but you just gave a concrete answer on a stock I'm following so it seems like a decent time to ask. Is a Put the exact opposite?
Posted by castorinho
13623 posts
Member since Nov 2010
82010 posts
Posted on 10/13/20 at 8:53 am to
quote:

Calls for example, mean that he's 'calling' the shares to at some point in the next 37 days will be above $30 and when/if that happens, he'll gross $500 for each dollar above $30?
not at "some point." on that day specifically.

However he can sell those calls between now and then if the stock is trending that way and make a profit. For example if you bought 09/23 $30 calls on Friday, you could have sold them yesterday for a 100% profit even though the stock itself went up under double digit.
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