I really struggle with seeing any market for these guys, i have just spent a month in SE Asia, didnt see on electric scooter amongst the hundreds of thousands that pervade the roads and cities.
Petrol is often heavily subsidised and much cheaper than here, most people have no where that they could practically hook up a scooter to a source of power to charge it anyway.
Maybe I am completely wrong and electric scooters will eventually take off, but I see no sign of it to date and if they do take off I reckon the big manafacturers with brand recognition will dominate the market anyway - honda start making electric scooters and where does that leave VMT?
I was just noting my position, I'm not telling anyone else to buy VMT. I find getting in to debates about why a stock is great or not can only lead to bad outcomes, especially on the Internet, it is so totally pointless as the markets in time render all that energy moot.
Last year I got in to a debate about ETrade with my brother, he's a lawyer and despite losing more often than he wins in the market, he likes to think he's an A grade financial analyst, it wasn't fun as I was going to invest $50K in it and he told me it was money down the toilet, I should give it to charity (from a lawyer that is a bit rich). I bring up that trade as we all know ETrade, the overpriced and rather average broker in a highly competitive market where it's not held in high regard. I got in in April for just under $10, sold for $17.50 in October.
Ultimately my brother will be right, when things like Robinhood.io are fully in operation and get better known they are in for a hard time but I'm not in that trade anymore and walked away with $37,000.
I am not saying you are doing this but always someone will love to tell you why you are wrong about a trade, I can take almost any stock and give you a negative outlook for it but the market will not conform to our opinions, our role is to weight and balance information and preempt the markets opinions. Timing is everything.
I can give you almost 50 US stocks that I know are chronically overpriced, the first three that come to mind now are Facebook, Twitter and Tesla, would I short them right now? Nope, however I know in my US account there will be a point in the future where I would be happy to buy many put options and even sell a few naked calls.
You can count I will be wrong at times and when I am, I will close those positions very quickly, take the loss and hopefully learn from them. Additionally as I talk to the companies before I buy them and often (well always) lie through my teeth to get information when I do, it might not be wise to say too much.
I am new here, my background is a trader, I am not an long term investor, some times I hold positions for minutes, sometimes for months, on the very rare occasion a year plus, but the reality is I am not very good at that type of trading. I'm not looking to marry this stock or have it become the next TSLA, I have no idea where it will be in a year's time but count on me evaluating my position in it at least twice a day.
I posted in another thread about my sale of SAR yesterday, do I think that stock will go higher? I think it is very likely but I closed out my position at 110% profit and am fine with that. I sense some nervousness in the price around $0.50, I let that winner run long enough and I would rather avoid the stress of it. Going back to my ETrade trade, it's now at around $21 but I am still very happy where I existed the trade.
What I love about this game is it can be played many different ways, everyone has their own style, I really miss the day to day trading. As this is a hobby for me now, I thought it fun to post my trades here, sure it's nice to be right and make money from a trade but I don't invest my ego in it, I learned that is a great way to lose money by keeping losers too long many years ago.
To me the reasons why I got in to a trade are dangerous to share one two counts:
1. The debate is pointless as the market will decide anyway, I'd rather spend that time on research, additionally people become emotionally attached to an opinion, if emotions get involved in a trade that is never good and you lose discipline. In fact it is often worse for the person making the right opinion as they sometimes get too confident in themselves only to get schooled by the market on their next trade. I've been there also.
2. This is a game and I will use any *legal* means to get an edge, some of these tricks (and I have a lot of them) I don't want to share, partly as they help me if I keep them quiet so they stay effective, partly as they are sneaky and semi-underhanded. I will share one mild example, I was puzzled by a stock that looked terrible but performed well, it was a bit an enigma on paper and it looked really like an old school P&D. So I called the company posing as a stock promoter, lets just say they didn't tell me to get lost. I would not have invested in that company anyway, it looked wrong but I learned a bit more about some of the people on this forum and the Australian small cap market.
I am so sorry this turned in to an essay, thought I would give a good explanation where I am coming from.