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ColoradoTiger1987
Member since Jan 2019
273 posts

re: Whats the price target of Idex?
Yep, the only DD I was doing was based on PRs, rookie mistake. You see a stock jump 50% and you really don't look into the nuts and bolts of it.


WitnessTheLitness
LSU Fan
Member since Jun 2017
180 posts

re: Whats the price target of Idex?
Dont lose faith yet. My takeaways from yesterday.

IDEX Note:
•50% of debt gone
•Over 100,000 units sold in the first 6 months of 2020 in pipeline
•Confirmed as a manufacturing partner is Tesla
•Will be having more partners in the US
• MEG Center opens TODAY
•34 million cash on hand
•5G Fleet Management Vehicles (No idea they were in this before yesterday.)

Alot of stuff we've known. It just reassures me that this company is legit.


jmcwhrter
Member since Nov 2012
2232 posts

re: Whats the price target of Idex?
wonder where she hits bottom... I'd like to make back some of the money i lost


WitnessTheLitness
LSU Fan
Member since Jun 2017
180 posts

re: Whats the price target of Idex?
Lol I'm with you... I thought i was sitting nice with my position a 1.90 but dammittttt lol


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ColoradoTiger1987
Member since Jan 2019
273 posts

re: Whats the price target of Idex?
quote:

Lol I'm with you... I thought i was sitting nice with my position a 1.90 but dammittttt lo


I really want to believe in this stock. But these swings are absolutely insane.


jmcwhrter
Member since Nov 2012
2232 posts

re: Whats the price target of Idex?
looks like the fall today is a result of Yahoo Finance running all of these fishing lawsuits as actual news


ColoradoTiger1987
Member since Jan 2019
273 posts

re: Whats the price target of Idex?
quote:

looks like the fall today is a result of Yahoo Finance running all of these fishing lawsuits as actual news


They are the ambulance chasers of the stock markets.


ColoradoTiger1987
Member since Jan 2019
273 posts

re: Whats the price target of Idex?
Rookie Mistake

Yup, it is time to bail on this baws. Referencing the wrong company in a PR release shows complete incompetence at the executive level.

Yeah, I know I fricked up on my DD on this one, but Hindenburg might have been right about this one.

quote:

Ideanomics' press release dated June 25, 2020, announced a deal between Ideanomics' Mobile Energy Global subsidiary ("MEG") and Zhongsen Tower to establish Zhongsen Tower in Qingdao. At the end of that press release, Ideanomics referenced an entity named China Tower Holdings. The correct reference is to provincial divisions of China Tower Group. China Tower Group, through its provincial divisions, is more accurately described as a company that works closely with, or in partnership with, Zhongsen Tower rather than "affiliated with." Further, the reference in the June 25, 2020 press release to China Tower Holdings being ranked 71st in the Forbes Top 100 Digital Companies List and 22nd in the Fortune Future 50 in 2019 was an error. The Company did not intend to indirectly reference the Hong Kong publicly listed company China Tower Corporation Limited, which has the Forbes and Fortune Future rankings.


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