Shared by
dpaleo
Tags:
great patience, decent entries but never had a chance. This EV bubble/mania has eclipsed the blockchain and weed bubbles. This is beyond anything i've ever seen. Likely due to the absurd amount of liquidity that has been pumped into the system - there's just unlimited money/demand. Great proactive exit before new high recognizing that buyers were still very much in control. After that failed vwap break attempt they were likely gonna run the high. I got out seconds before the monster spike.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2020-11-20 09:43:45 | BLNK | -300 | $21.690 | -300 |
| 2020-11-20 09:45:24 | BLNK | -200 | $20.960 | -500 |
| 2020-11-20 09:45:40 | BLNK | -200 | $20.840 | -700 |
| 2020-11-20 09:48:05 | BLNK | -100 | $21.030 | -800 |
| 2020-11-20 09:48:11 | BLNK | -100 | $21.150 | -900 |
| 2020-11-20 09:48:39 | BLNK | 417 | $21.630 | -483 |
| 2020-11-20 09:48:39 | BLNK | 83 | $21.640 | -400 |
| 2020-11-20 09:48:39 | BLNK | 100 | $21.650 | -300 |
| 2020-11-20 09:48:39 | BLNK | 100 | $21.650 | -200 |
| 2020-11-20 09:54:15 | BLNK | -100 | $21.240 | -300 |
| 2020-11-20 09:56:06 | BLNK | -200 | $20.710 | -500 |
| 2020-11-20 10:06:34 | BLNK | 500 | $21.300 | 0 |
Comments
dpaleo
Good questions. I'd venture to say its both. Solar and EVs going bc fits that narrative of Biden and Green New Deal. Infinite QE provides the liquidity and retail all hops on board. I doubt there will be some huge global restructuring bc Alt Energy is not a profitable space. Look at the #1 player in the EV space - Tesla. They cannot make a profit selling cars or solar. They only make money selling govt credits and thats not a sustainable business model, esp since all govts around the world are drowning themselves in debt. So if Tesla cant make money, none of these other players ever will.
Joel
Good points. Does profit matter comrade green!? haha
These moves today are friggin insane!
haha. it should in the long run. but it doesnt in ZIRP and infinite QE environment.
Tomorrow has to be the EV sector reversal day, right?!?
Joel
Just look at all the names going berserk. FTEK "Air Pollution Control Technology" FCEL "delivering clean, efficient and affordable fuel cell solutions configured for the supply, recovery and storage of energy." It's all related to green energy revolution.
Oh i understand. What i'm saying is I dont think there will be a green energy revolution any time soon. Its all a BS narrative and hype. Its all part of this ESG non-sense which is nothing more than a marketing tool. People love to virtue signal. Almost all of these companies are garbage.
This one is my favorite: "EOSE is accelerating the shift to clean energy with positively ingenious solutions that transform how the world stores power. Its breakthrough Znyth® aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. "
"positively ingenious solutions" lololol. That line is all I need to know this is a zero.
Joel
haha! Agreed. from what i've seen the majority are typically highly impractical, some burning more dirty energy to produce than they end up creating.
That won't stop naively idealistic politicians world wide from dumping trillions of tax dollars into it, making their idealistic voters feel warm and fuzzy and mission accomplished.
Either way, the end result is going to be bag holder hellfire.
BINGO! Couldnt have said it better myself...
Hopefully get a big trade out of BLNK XPEV SBE AYRO etc tomorrow.
Joel
****$35 BILLION FOR GREEN ENERGY IN THE COVID RELIEF BILL - FOX NEWS*****
Well well well...................now we know!
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Tinfoil hat time. Mega fed go BRRRrrrrrrr print more more more + Biden's win brings back a lead for world wide for "great reset" type mega green new deals....Are all these "green energy" EV type stocks being pumped full of this freshly printed cash and anticipating huge global restructuring like we've never seen? or just the biggest retail/trader bubble's ever? just questions thinking far off.