I'd like to see this over 1.29 CAD / $1 USD tomorrow. Here's why I think we can get beyond that. I've thought a lot about this, and have chosen this stock as what I forsee to be the next NIO stock in terms of gains and growth forward propulsion upwards.
If BioSolar (EV stock) can go from $0.010 to $0.020 on No News other than SunHydrogen (FCEV stock) investors pointing it out on yahoo finance/reddit/stocktwits, because SunHydrogen going from $0.02 to $0.12 on no news and dipping to $0.06
So we have 2 EV-centric stocks: one about battery technology that doesn't have a strong product out and is doing pilot testing. That doubled in price only because it was hyped on the other. The other being an FCEV stock which uses Hydrogen not Electric Battery as fuel. So the FCEV stocks goes 5-6x in price and dips to 3x in price, based on pure speculation.
Meanwhile we have HPQ.V which is a pioneer in its own niche category, a niche category highly coveted and desired by both the Electric AND the Hydrogen markets in addition to other niche submarkerts. We've gone up, but we are undervalued momentum wise. There is more momentum going for us than these other companies. There's more rational and fundamental logic to this stock skyrocketing. The only difference between HPQ.V and BSCR & also HYSR is visibility.
BSCR and HYSR get talked about on reddit often. They get talked up on Stocktwits. The RobinHood-esque trader that gets hyped up on technology and momentum sees those conversations on those boards and pumps up the value, because they see value and know the stocks are undervalued.
We as HPQ.V investors don't have a stocktwits page. No one has mentioned the stock on that stock forum except 2 people on the help page over a week asking for a page about the stock. There are some posts on reddit about the stock, but we don't have the hype on social media boards like stocktwits and reddit because of a few reasons
- Not really a Penny stock: We aren't a small penny stock, so the pennystocks subreddit overlooks us
- Visbility: We don't have visibility on stocktwits. Yes the people there seem to get super hyped on buying into stocks based on perceived value and growth, but they don't seem to know about this stock at all.
- Computer Stock Confusion: American traders who do see us on reddit or other boards may confuse HPQ.V with Hewlett Packard.
- Middle Ground: While we aren't a small penny stock, we aren't at a value high enough for the "Retail Normies" to give us a deeper look on the due dilligence, they pass us by.
- Options: I don't know if Canadians can trade options, or sell short on this stock, but as an American, We/I cannot buy options through brokers like Ameritrade. Even If I wanted to short this stock, I wouldn't be able to do it through my broker. So the pumpers on wall street bets won't give us a solid look because we don't fit their niche.
So all of these reasons sum up to impediments in getting tech-hypers on board. There are a lot of quiet buyers, but there aren't a lot of RobinHood-like fanboys who goes bonkers about the value of the stock, because they don't know about us. If they knew about us, and could trade us, you would see many posts on reddit and stocktwists promoting the stock.
We have a lot going for us. Even with all the impediments to what would make the stock explode upwards in value, we've gone up quite a bit already. I expect that trend to continue.
I'm not looking at this stock as an oppurtunity to make a quick short term ordinary income gain of a couple thousands, because I don't think I could catch the knife back down and buy back in at a lower price.
We are relatively unnoticed by the vocal social media tech posters, and we're doing really fine. I expect that to change in the coming days, weeks, months, quarters. I'm looking at this stock as a once in a life-time oppurtunity to make an incredible gain. To get in on a ground breaking company at the ground level where everything is starting to come together.
Good Luck to All.
Disclaimer: I have small position in the stock under 10k USD. This is my own DD based on value and momentum factors that I have noticed. Do your own DD before making investments and don't take my post to be financial advice to increase or decrease your position, or financial advice to make any kind of trade based on what I've said. This post is my opinion; simply meant to be a thought post on where I think things are going, what's happening around us, and why.