Post Number: 45544
|Posted on Tuesday, February 23, 2021 - 4:56 pm: |
In the last hour of the trading day, Workhorse was quoted lower by nearly 50%.
After looking at the intraday trading patterns, I believe this is someone’s position being liquidated.
This means a large amount of shares are being sold, dragging down the stock price.
I understand this is unpleasant to go through, but my team and I still believe you should continue holding Workhorse, and recommend you do not sell it at the open tomorrow.
I’m still bullish, optimistic and positive (#BOP) on Workhorse, as willing buyers are likely to come back and bid up its shares.
In the meantime, my team and I will continue to watch Workhorse, as well as our other positions in our model portfolio.
If anything changes with Workhorse or any other stock in the model portfolio, I'll send you an email immediately with an update.