After an epic beatdown from a short seller report, $RIDE appears to have risen from the dead and is once again poised to reward investors.
The stock is up 64% since the close on 5/13, through 5/19. Closing volume has ramped up steadily over the same period from 6.3m to 42.4m
Two major catalysts are on the near horizon:
1) Earnings report on 5/24 AH: Confirmation of late Q3 production and disclosure of binding orders have a high probability of being announced.
2) Lordstown Week (June 21-25): Plant open house for tours, test drives, etc., and above all else, transparency. This should alone should put the final nail in the shorts coffin.
It's still not too late to jump on the $RIDE train and squeeze the life out of the naysayers. All aboard!
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