Tritium DCFC Limited DCFC
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Mike, if you could share the link to the article that would be awesome. I read something 3-4 months ago that the tritium charger up time was pretty poor and they were having issues with uptime availability but not sure if that was resolved.
Let’s see if 6.50 can hold. If if we close below 6.50, here comes sub 6.00. I doubt we close over 6.50 but should be a good opportunity to add folks. Let’s hope this company doesn’t develop into another spac dumpster fire which would be a super bummer. Good luck folks.
I thought $7.00 would take a week or 2 not 3 friggin days. You shouldn’t be buying this based on the chart, it is a news and news only stock as I would never buy this chart pattern. Only 21k warrants and 560k+ shares traded. Garbage action for sure. Looks like the big money will keep steal shares as they push it down till late July when hopefully they report earning. Looks like 6.42 is the next support level after 7.00 if even really matters. Let’s hope for some news and beware of the pumpers and the dumpers.
Volume is a little better but price action is terrible. Only another .25 till be hit bottom. I will be buying up all the warrants they will sell me when we hit 7-7.10. Warrant volume is pathetic which is great news I think. We need a count down clock till earnings. Once we get a date, no one will sell until the news comes out. It will be fun folks.
Mike you are exactly correct. This is how the big money walks a stock down and accumulates as much as they can. They will do this for the next month or so or until news comes out and then none of the large shareholders will see a dime of there shares and the stock rockets up. It is all just a game that we have to deal with which is why it is best to accumulate on the way down and play their game. I personally have been in for 3-4 months now and just keep adding to my positions. I’m in both warrants and the $10 November calls. I personally think warrants are the way to go since they are valid for 5 years but we will get forced out of them later this summer when the stock starts to move. There is no sense in trying to swing trade this stock until we get above 10-11$ for several weeks. I think there is very little chance of losing money with the warrants at these prices if you are willing to hold them for a few months. Just my opinion.
No earnings date has been established. No one has a date yet. The company stated in their email to me below.
“Tritium has not announced a date for it’s next quarterly earnings. When a date is set, the company will make an announcement via press release. “
Realistically July is when earnings will be announced. No need to add right here. If you don’t already have position, the technicals are aweful and we should see 7-7.25. This is all classic manipulation folks. Just be willing to accept the stock falling below $7 and that will be an awesome entry.
No earnings date has been established and don’t believe it until there is a press release. I emailed Tritium again and this was their response.
“Thanks you for your interest in Tritium and your question.
Tritium has not announced a date for it’s next quarterly earnings. When a date is set, the company will make an announcement via press release. “
Looks like we will be waiting for longer than expected and totally dependent on a company news release to get this stock moving. Maybe the TN plant will open and it will be in the news or something. This is definitely not what I wanted to hear. I’m still holding but I fully expect it to go lower and will add more once we break below $7.50 and then $7.00.
Anyone have any information on the Varley group? They own 17% of tritium stock. That’s a huge amount of stock.
The price action is frustrating indeed but just keep adding at these ridiculous prices. I would suspect we should get a pop over $10 whenever earnings are given and then within the next month after that, Tritium will force a cashless redemption on all us warrant holders which will be a good thing, as that will mean the price has stayed above the $10.80 level for a few weeks. It would be nice to have an earnings date though but they never replied to my email. Unfortunately foreign entities listed on the US exchange only have to report on a semi annual basis. So, I wouldn’t expect any earnings news till late July. That is just my opinion. If anyone else has a verified reporting date, please share. Like the rest of us, we just have to be patient. If they reach profitability ahead of schedule(late 2023) then this stock will be $20-25 by October. Good risk reward in my book.
It is amazing folks will sell those November $10 calls so cheap. Picked up 100 more. I think the boat is full. Lol. That is what I keep saying and the big boys just keep walking the stock down. If anyone is shorting this stock, they will be sorely mistaken in about 6 weeks. $7 should be the bottom and will just keep adding on the way down. This is one of the best multi month plays out there. Stay strong all u longs. ?