Bob’s stock dipped to a low of 29 cents a share two afternoons ago, almost touching the all-time low of 27 cents that it hit in January.
But the previous year it went up 22% and Bob is hoping that it wasn’t just a temporary thing and drops once again.
He’s been riding this stock for quite some time and the business is barely profitable. But they began manufacturing cars and Bob knows that they are going to make it after all, so he will just keep holding and sitting on it like a mother hen. The HVAC systems in the cars are top-notch and a good selling point, but the local corporation that sells the cars in the neighborhood is not getting many sales because these are expensive. They are selling the cars for $280K, which to Bob seems like it is way too much for a luxury SUV. However, he is sure they must know something that he doesn’t know because why would they sell them for so much if not? His cooling specialist pal is going to purchase one of the cars just so he can experience the HVAC cooling in the thing, which sounds totally silly to Bob. But, who is he to judge? He would like a ride in one of the SUVs to feel the acceleration, as the cars go from 0 to 60 in under 2.4 seconds, which is fast for an electric car. Bob would like to feel the HVAC system too, but he is more into the speed of the SUVs.