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What Is Elio Stock Trading For Today?
- Thread starter Ekh
- Start date
That's a very dangerous game to play.I think this is the OTC market, pump and dump. The prices are being artificially run up, once they get to a certain point the stock gets dumped and the price collapses. This might be a great time to sell (all of us have done very well) then when the stock is down to .30 cents again snatch up as many a you can at that price and climb back in for the next ride. Or, just watch the show.
Timing is everything, and this early in the game you could get run over very easily and lose everything.
You're better off waiting until it stabilizes without these big swings.
But to each his own; you should always do what is right for you.
That's because you are the one that will have to live with the end result.
TCBronson
Elio Addict
Just for grins I thought it would be interesting to see what the price of stock currently is for the following company's. Not that these are direct competition.
Toyota 105.14
Honda 26.08
GM 29.63
Ford 12.47
Harley 43.38
Toyota 105.14
Honda 26.08
GM 29.63
Ford 12.47
Harley 43.38
ArcherBullseye
Elio Fan
You can't look at price of stock. You would need to look at market cap.
F (Ford) for example has a market cap of 49.5B.. it all depends on how many shares each company has.
I think I read Elio has 26.5m shares. That would make Elio have a highly inflated value of 1.06B.
ArcherBullseye
Elio Fan
You should be able to look at the L2 data and see how many shares people have 'pending orders' for.
TCBronson
Elio Addict
I am sure you are right. I wish I understood all of that like you do. I just thought it would be interesting to see how Elio stock price compares to other automotive/motorcycle company's.
John Painter
Elio Addict
If one was able, and did sell yesterday afternoon, they would have realized a 233% return on investment. I'm not sure how that could ever be considered anything other than an insane win?
If one did sell yesterday, put their profit under their mattress for buying their Elio outright (or at least a nice vacation), and waited to see if the price dropped so they could reinvest the original amount they were willing to invest, I'm not so sure how one would be losing everything.
I'm holding on to mine for the long haul, if the ATVM loan comes through, I'll buy more shares at what ever the price and hope for a stock split down the road.
Such a big change in the discussions on this board over the past two years.
TCBronson
Elio Addict
I like your idea about holding on for the long haul. I don't see these prices staying high for long. I actually thought it would go up and then go down below our IPO 12.00 price. If it does, then I plan on buying when it hits 10.00 or lower.If one was able, and did sell yesterday afternoon, they would have realized a 233% return on investment. I'm not sure how that could ever be considered anything other than an insane win?
If one did sell yesterday, put their profit under their mattress for buying their Elio outright (or at least a nice vacation), and waited to see if the price dropped so they could reinvest the original amount they were willing to invest, I'm not so sure how one would be losing everything.
I'm holding on to mine for the long haul, if the ATVM loan comes through, I'll buy more shares at what ever the price and hope for a stock split down the road.
Such a big change in the discussions on this board over the past two years.
Aprilia
Elio Addict
Elio stock is currently classified as a low volume security...one of the risk's of low volume stocks is that they lack liquidity...which is an important criteria in stock transactions & trading.
Liquidity is the ability to easily buy or sell in the security market without a change in price. For an example...a stock which is trading at $35 per share should be easily bought or sold in large amounts (10,000 shares as an example) while still maintaining the price of $35 per share.
For stocks, a good measure of liquidity is the average daily trading volume. In general...any stock that trades at fewer than 10,000 shares a day is considered a low volume stock (also referred to as thinly traded).
Low trading volumes often lead to temporary periods of artificially inflated price swings.
Thinly traded stocks like Elio are not liquid for a good reason...and usually it's an indication the general public has no appetite to own the particular stock.
Typically...low volume security's lack of liquidity make them hard to sell even if the stock appreciates.
Liquidity is the ability to easily buy or sell in the security market without a change in price. For an example...a stock which is trading at $35 per share should be easily bought or sold in large amounts (10,000 shares as an example) while still maintaining the price of $35 per share.
For stocks, a good measure of liquidity is the average daily trading volume. In general...any stock that trades at fewer than 10,000 shares a day is considered a low volume stock (also referred to as thinly traded).
Low trading volumes often lead to temporary periods of artificially inflated price swings.
Thinly traded stocks like Elio are not liquid for a good reason...and usually it's an indication the general public has no appetite to own the particular stock.
Typically...low volume security's lack of liquidity make them hard to sell even if the stock appreciates.
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