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Ideanomics, Inc. (Ideanomics) is focused on facilitating the adoption of commercial electric vehicles (EVs). The Company conducts its operations globally in one segment with three business units, including Ideanomics Mobility, Ideanomics Energy, and Ideanomics Capital. Ideanomics Mobility’s business unit focuses on electric vehicles, including mid and last-mile delivery trucks and vans... see more

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Ideanomics Inc > Any thoughts on tanking this week?

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Post by AngusEast on Jun 26, 2020 4:21pm

Any thoughts on tanking this week?

Hi Folks - I bought in at $3,00 earlier this week....huge selling this week. I know timing is everything, but does anyone have any thoughts why this has dived so much this week?
Thanks

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Comment by pantherboyrules on Jun 27, 2020 2:24am

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Comment by kaiwolf on Jun 27, 2020 10:49am

I would go to the chart for genius, equate the top of that graph to the top of the graph for idex and use that as a guide. As with Genius, I would not expect to get back to the $3 range but try to sell on one of the short ups during the ensuing volatility. I have bought and sold both; lost on genius and fortunatley came out of idex at 1.8 so I was able to break out even overall. ...more

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Comment by STOCKRUS on Jun 27, 2020 11:53pm

Unfortuant as IDEX was so strong. ..... all that volume and price gains attracted predators. IMO IDEX will strongly rebound after Q2 revenues and earnings are announced and therefore removing any doubts with regards IDEX's MEG EV Center.

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