PSNY - Polestar Automative

March 14th, 2024, 10:40 AM

I really expected more from this stock. I sold all my TSLA and moved into PSNY instead. I just can't stand Elon anymore.

I know VW recently sold it's majority stake, but almost the next day they announced new secured funding line and they have some cash.

I know BYD, they are coming to Ecuador even now. But I don't like buying foreign stocks.

Mike

March 14th, 2024, 10:51 AM

Big Mike

I really expected more from this stock. I sold all my TSLA and moved into PSNY instead. I just can't stand Elon anymore.

I know VW recently sold it's majority stake, but almost the next day they announced new secured funding line and they have some cash.

I know BYD, they are coming to Ecuador even now. But I don't like buying foreign stocks.

Mike

If you asked me for an example of a stock in a downtrend, this would be a good one.

What do you consider a foreign stock?

Earnings next week, are you expecting a turn around? What's the plan if they don't?

March 14th, 2024, 11:08 AM

deaddog

If you asked me for an example of a stock in a downtrend, this would be a good one.

What do you consider a foreign stock?

Earnings next week, are you expecting a turn around? What's the plan if they don't?

It's the only position I'm holding that is upside down. It's a tiny portion of portfolio and I think out of the competitive options, minus BYD, Polestar has the highest chance to hit their targets with the biggest upside that is not priced in, since the stock is down trend as you point out.

No reason for an exit from me yet.

March 14th, 2024, 11:18 AM

Big Mike

No reason for an exit from me yet.

What would trigger an exit while the stock was underwater?

PSNY - Polestar Automative

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PSNY - Polestar Automative