Iwanttolive
commented on a stock · May 19, 2023 19:40
$Mullen Automotive (MULN.US)$ anyone knows what is actually ...
$Mullen Automotive (MULN.US)$anyone knows what is actually driving rhis price down? the entire market is going up why only this is going down
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IamJit
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TBH the likely reason is that is insufficient retail investors buying and likewise no new major instituitional investor buying which makes this an easy stock to target for shorting. Plus with Mullen having a reputation for not delivering on its promise, big players are unlikely to gamble with this stock. I am currently not invested but if their production commences in July, I am likely to add a substantial position.
IamJit : TBH the likely reason is that is insufficient retail investors buying and likewise no new major instituitional investor buying which makes this an easy stock to target for shorting. Plus with Mullen having a reputation for not delivering on its promise, big players are unlikely to gamble with this stock. I am currently not invested but if their production commences in July, I am likely to add a substantial position.