IS $WKHS WORKHORSE A PUMP & DUMP PENNY STOCK (+600%) | Summary and Q&A

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June 30, 2020
by
Ricky Gutierrez
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IS $WKHS WORKHORSE A PUMP & DUMP PENNY STOCK (+600%)

TL;DR

Assessing the high-risk, high-reward potential of trading WKHS and the uncertain future of American Airlines amidst increasing COVID cases.

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Key Insights

  • 🛀 WKHS and American Airlines have shown significant market performance, but caution is necessary due to the hype and uncertainty surrounding them.
  • ✋ Understanding the difference between trading and investing is vital when dealing with high-risk stocks like WKHS.
  • 🌸 Risk management should be a priority to minimize potential losses in trades.
  • 💁 Missing out on a rally is a risk to consider, and being well-informed is crucial.
  • 🇦🇸 The airline industry, including American Airlines and Boeing, may be worth monitoring for potential trading opportunities.

Transcript

hey what's going on team its Ricky with technical solutions and I want to talk about workhorse groups so there's a lot of talk not only just about this and also if I'm not mistaken it's a ticker symbol as H ll and these two specific stocks this week alone have just performed exceptionally well now one of the things that I want to cover is I'm a big... Read More

Questions & Answers

Q: Is investing in Workhorse Groups a good long-term play?

While there is long-term potential, it is crucial to understand the risks and hype surrounding the stock. Educate yourself on the company and evaluate if the potential upside outweighs the downside.

Q: Why is it important to differentiate between a trade and an investment?

Understanding the difference between trading and investing helps manage expectations and risk. Trading WKHS as a day trade may present intraday opportunities, but holding it long-term can be risky due to potential pullbacks and market closures.

Q: What is the key to successful trading with momentum stocks?

Risk management is crucial. If you struggle with managing risk, trading high-risk stocks like WKHS may not be suitable for you. Consider the potential losses alongside potential gains before entering a trade.

Q: Is there a risk of missing the rally with momentum stocks?

Yes, if you enter a stock late in the rally, there is a chance of losing out on potential gains. Accept the missed opportunity and learn from it to be better informed and in tune with similar stocks in the future.

Summary & Key Takeaways

  • Workhorse Groups (WKHS) and American Airlines are experiencing exceptional performance in the stock market.

  • WKHS has seen a 700% increase in value and shows extreme demand, but investors should be cautious of the hype surrounding it.

  • American Airlines' direction is unclear, as COVID cases increase and some states implement closures again, but it may be worth monitoring for potential opportunities.

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