Can someone explain why shares are surging ?
$VinFast Auto(VFS.US$ before there stock blew up . this is what i know so far about this EV company. they are located in Vietnam and they also make terrible ev cars that dont fully work . i remember the worst review ev car was the VinFast VF8 . youtube link . “ Its production is up and running, and it generated roughly $634 million in revenue in 2022. VinFast, however, has yet to turn a profit -- it had accumulated net losses of nearly $6 billion as of March 31, 2023.” by NASDAQ.com . how ? cause they are newly new ipo or to the stock market ?
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xxxjaystation : yeah I never heard of this company at all and now theyre up by an insane percentage. Gotta be some form of market manipulation
73134497 xxxjaystation : This is a newly listed company in Vietnam, mainly in the manufacturing industry
Jaytheman : It’s called they short squeeze when released to the public !!
MoneyMoney Come : Because his boss is the richest man in Vietnam? hahaha
Bird007 : Because it's hard to be shorted, you can only go long
Dons hobby : Thanks guys for explaining WHY. I appreciate you taking the time to post. Great information is the back bone of profitable trading
I am still fairly new and still learning and informative people are who I look to for the information that I want to delv into further.
I do appreciate everyone that posts helpful information for people like me. I only have 20 shares due to financial restraints but it's about half of my portfolio. I have put half of my money into this because people that I respect that know their stuff like these two people here. If AWIN wasn't getting ready to go I would sell it and buy more VFS.
Thanks again for your posts and great information.
Dons hobby : Thanks Bird and GL
JonnyBets Dons hobby : scammer
