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RIDE - fundamental, technical, And sentimental

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RIDE - fundamental, technical, And sentimental indicators are sounding buy alarms.

starting production in Sept. - Fundamental aspect

levels identified on chart - Technical aspect

People on the web not liking Hindenburg Research targeting this promising company and others for their own gains - Sentimental aspect

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I linkied an old chart(below as RELATED IDEAS) from when it was a SPAC, I had actually bought this before official news of the merger and sold before the vote. I now have another long position with a cost basis of $12.98 (large position of my portfolio), so naturally I want this to do well and I think it will considering the bootstrap this operation received from the Gvmt and GM, not to mention the $$$ and a basically free listing from DPHC.

I feel like this could be ignored by WSB and still do good from current levels over the next little while. I will update with P/L when I finish scaling out of my position.

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Increased overall holdings of RIDE by 25%+, the addition was made at 13.38 and in the retirement account.

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Increased overall holings of RIDE by another 75% (of the original size), now a little more than double the original size with an adjusted cost basis of $12.975.

RIDE order book from here on Tradingview... siasky.net/DADJfp3fcXVFpNPnlx_eZ11WIUPnylZ2McI1_LNOrabo9g

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technically the original idea with a 5% SL($12.33) from $12.98 is invalidated.... but I actually don't have a SL in real life...... technically that 5% SL could have pulled me out for a better entry but I am ok.

Picked up more, currently holding a cost basis of 12.72 and thinking about adding to it with other peoples money....... selling some $13(that way I can't possibly lose) April 1st calls on the position and buying more shares with the premiums while we are down here.

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Cost basis is 12.49. Sold calls on entire stack and all the calls I sold have expired, meaning I own all of my shares outright and just in time... reddit.com/r/lordstownmotors/comments/msvss7/for_those_that_missed_our_start/

Not advice: Buying here is the extreme bottom of the recent price range(technical fact). Strong technical signals according to where the price has been in the past and strong fundamental signals from what they are accomplishing at the baja race as I type this update(opinion, NOT advice)...

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And all markets are going lower. Cost basis now at 10.7x. Sold some longer term call contracts in December and put in June, hoping the June gets struck and i can get paid to spend some of the call premiums on more shares and really bring down the average, hoping for the $7 target to hit from the update to my shorter TF analysis here: