So, I noticed that Kandi’s stock was up over +20% today and I am not going to bother finding out why. Sadly, I have seen KNDI have these big spikes plenty of times and it always ends up the same way…a huge drop shortly after the rise.
To be honest, I know that this post will get hated on due to the stock being filled with newbies and pumpers.
Luckily, I don’t care because I know I will be right. My prediction is that once again the stock will drop like a rock and amount to nothing. This stock is truly the definition of a scam penny stock. But, don’t take my word for it, just look at the chart below:
As you can see, the stock has had numerous spikes and crashes over the past few years. Confirming the downtrend and ugly price action. Beautiful, pump and dump activity to say the least. Finally, I have one thing to say to all the KNDI longs, especially the ones who think it will become the Tesla of China… I’ll believe it when I see it.