re: Is anyone following WorkHorse ( WKHS )?

It's slowly become my biggest holder, through probably about 5 transactions, one of them at a very high amount that was impulsive and stupid. Luckily, only about 8% was bought at that amount. It balances out that most of my transactions were under $20 share.

I've really become hugely invested in this company (for me, percentage wise, you all would laugh at my amount invested but I'm a broke, middle aged guy learning while i invest.)

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.

I screwed up on Sasol, it was previously my largest holder. I was in under $5 and it got above $10 and didn't sell, then fell to around $7 where it remained. I feel like that's 'lost money' even though I really still have an almost 50% profit, I don't feel good about it.

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Upperdecker

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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.

If one stock starts to be the majority of an acct for me, I usually seek to diversify - especially when it doubled or tripled my initial purchase quickly.

I’ll take my initial buy out then let the rest ride.

Sounds really bad on face value. The USPS story hasn’t been posted anywhere. Interesting. We knew their production wasn’t on par, but Lordstown brings that capability. Negative margins are questionable

I want to see how WKHS responds before I make a move

When is the USPS decision due to be announced?

I did find an article from end of August this year that mentioned the safety issues of the prototypes, but doesn't mention which companies they were, but it was pretty much all of them.


"Part of the delays resulted from the low quality of the prototype vehicles companies submitted for testing and evaluation. The report said that vehicles delivered by four of the five suppliers “experienced critical safety failures during the prototype testing phase, including brake failures and leaking fuel tanks.”
LINK /


I did read somewhere, and I can't for the life of me find it, that the USPS had 90 days from the date the proposals were due, which was July 14th....which would be oct 12th (or 14th, i havent counted ot out myself) . Now, all I can find is that with Covid its gonna be sometime by the end of the calender year....


"“The Production RFP is not a contract award,” USPS said. “The evaluation process, from RFP release to contract award for the production program, requires thorough evaluation as well as negotiations. Due to the current COVID-19 pandemic and its impact on Postal Service and supplier operations, an award(s) is currently planned for the production phase by the end of the calendar year."

LINK /

Lol, same. Don't sell quite yet though, its shrugged off short sellers before and hopefully won't be the last.

Like Upperdecker said, wait atleast until Workhorse responds to these accusations.

I'm fortunate enough to have some wiggle room before I start going into the red, so I'm holding strong for now. I still believe in this company.

I would like to hear from the OP of this thread on their thoughts about what's going on.

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Well shite, guess I'm not going to be rich after all.

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If you sell, true statement. My position since June has only increased, same as Cathie Wood of ARKQ ETF. In July, ARKQ opened their position with 300K shares, today ARKQ approaches 800K shares.

Oct 12th is 90 days from RFP, if not announced within 90 days of RFP, by EOY should be the latest.....GLTA.

Insider trading is typically filed months if not years in advance. If a WKHS Insider filed with the SEC selling 50,000 shares 6 months in the future, no appearance of Insider Trading regardless of stock price.

The Regeneron CEO sold several million in shares shortly after the stock had a Covid run up. The SEC filings to sell these shares I believe were 2 years earlier & all monies went to a Trust.

Short sellers and media are the only people that scare the new investors with Insider Trading news.