Mullen Automotive Inc.
I got some OTC picks today that include: $MULN that is dancing along support or $MRES that peaked at .026 and has consolidated. $TWOH has been bouncing lately and is back on .0005 support , $GTII has been absolutely tearing things up lately and has more I believe!
They are already diluting the shit out of this stock whenever good news are out. Dont get in if you like your money. Its just like XELA, MULN and all the other crap US stocks out there. There are nothing else than greedy MF who is milking hard earned peoples money.
You are telling yourself a fairytale. Sell your shares and stop thinking about this. I have literally done the same with MULN, BBBY, APPH and a couple others until I realized these are all flaming dumpster fires that have basically a 100% chance of going to 0. None of them were big positions but even losing $1000 for no good reason is dumb. The only way I would even consider buying something like this is after it already turned the corner and catch some of the upside (you won't be able to catch it).
$MULN. How do you spend $95,000,000 in a quarter on G&A expenses without generating $1 of revenue? How does David justify awarding himself 30,000,000 "performance shares" when the share price is down 99% the last two years and ready to drop another 50%? Reverse split at 1:50? Below a dime by Christmas or sooner.
https://www.businesswire.com/news/home/20231117826244/en/MULLEN-AUTOMOTIVE-INVESTIGATION-INITIATED-by-Former-Louisiana-Attorney-General-Kahn-Swick-Foti-LLC-Investigates-the-Officers-and-Directors-of-Mullen-Automotive-Inc.---MULN Just fyi.
Nope - just laughing at the volume on a ticker like MULN when they release battery news and this other news I randomly see about a battery almost twice the capability being tested at a major car manufacturer, nobody talking about it.
Tell me why I shouldn't buy this huge MULN dip, after the good news from earlier in the week about getting EPA certification. I heard the CEO is shit, but even so, I don't need it to go to the moon...surely it'll recover to the price from 2 days ago, no?
I completely understand that. I think what happened here is that someone said there should be a greater emphasis on building a healthy position in strong performing equities or whatever asset class, rather than worrying about the day to day changes in value of their portfolio. I certainly would be upset if I had 100k today and tomorrow I had 20. People just piled in on this topic and and took it totally too far out of context. I get what OP is saying and I agree with what he MEANS. His goal of 10k shares isn't in MULN, so I think he's ok.
I dunno, probably dumb of me, but decided to YOLO for 1k shares after seeing your post lol. It's either going to make a double bottom right around now or keep going down, so I put in a stop for $1.95. It IS still a $4.39 billion market cap, so there is plenty of room to drop. At least they aren't a POS like MULN though.
If I remember correctly, it was trending like crazy back then. After price action and volume were trading in the millions for days, I put it on my watch list. Once I saw the potential partnership with Marvel, I just sat and waited. Put a sale order for $10 because of wishful thinking, then went for a walk with my wife. When we came back, it sold. I did the same thing with MULN. Bought 10k @ $0.60 sold at $4. Made a killing with VS, TOP, GNS as well It can be done. Just lots of patience, discipline, capital, and a little bit of luck.
DCA all the way down is dumb - at least cut your loss & buy back when it found support ? You'd have doubled even triple the shares if you traded this way. Say DCA to BBBY - AMC - MULN - GME - CEI -ASTI - wanna keep going ? 100 examples to your 10 guranteed
>MCOM - A contender for the worst stonk on the market. Diluted and reverse split to hell. The Founder/owner/ceo/pumper promised to ‘not dilute for 3 weeks’, so people will see this as an opportunity to run this up. Worse than MULN? 😂
SOUN and NKLA I thought SOUN was a good enough stock with decent enough premiums that even my broke ass could afford to wheel it and get assigned 100 shares. (This was when it was trading at $3.25ish). Well, I got assigned and it literally dropped to barely above a dollar in the span of like two days. NKLA was just me being an idiot. I thought it was a cool up and coming EV stock. Didn't know about all the scammy shit going on (apparently I was the only one) and after their fourth truck exploded in the same week I then started digging and heard that the people who supplied them their batteries were now going to be supplying to MULN... I nope'd out like a bat out of hell.
I owned 5k shares. My avg was 1.16. I sold Friday at .41. Down 3.5k on the scam stock.. It's unclear weather it's a scam or legitimate company wanting to manufacture EV vehicles. Owner David became president of Death row records right before it went bankrupt. Alot of questions. I hate to sell because I have sold stock that 500% the following days. But I think and hope I made the right decision selling MULN. It's been a joke holding the last year.
MULN CEO has the same concerns over their stock. They reversed split their stock to 5.00 and it dropped in value to under a 1.00 in a couple of weeks and they haven't been able to get over 1.00 since. It's hedge funds or big position holders with puts on the stock who have the ability to manipulate the stock price. They have billions of dollars invested...they like MEME stocks. TTOO and MULN are both MEME. Hedge funds and big investors like MEME stock with a big retail investor following. [MULN Stock Alert: Charles Payne Questions David Michery Over Mullen | Markets Insider (businessinsider.com)](https://markets.businessinsider.com/news/stocks/muln-stock-alert-charles-payne-questions-david-michery-over-mullen-1032606383) I'm not an expert, but I've been watching this since GME and AMC. If anyonte has any other theories, please share.
I am currently averaging down my positions. Makes sense to me. Curious about stocks you all are watching that are promising and considerably Undervalued right now. I'm in MULN, TMC, IDEX, FRGT, HGCPF, and MHUA. Saw NKLA truck fires in AZ. I'm thinking I'm going to start a short position. Have never sold short in the past, learning how to with etrade.
* **Potential for growth in the electric vehicle (EV) market:** The global EV market is expected to grow significantly in the coming years. Mullen Automotive is a relatively new company, but it has a number of EV products in development, including the Five SUV and the Dragonfly sports car. * **Government support for EVs:** Governments around the world are providing financial incentives and other support to promote the adoption of EVs. This could benefit Mullen Automotive as it brings its products to market. * **Partnerships with major companies:** Mullen Automotive has partnered with a number of major companies, including Rimac Technology and Loop Global. These partnerships could help Mullen Automotive to accelerate its development and commercialization efforts. * **Low stock price:** MULN stock is currently trading at a relatively low price. This makes it attractive to investors who are looking for potential upside. However, it is important to note that MULN stock is a high-risk investment. The company is still in its early stages of development, and it faces significant competition from other EV companies. Additionally, MULN stock has a history of volatility. Overall, people like MULN stock because it is a high-risk, high-reward investment. The company has the potential to benefit from the growth of the EV market, government support for EVs, and partnerships with major companies. However, investors should be aware of the risks involved before investing in MULN stock.
MULN is arguably the most obvious stock promotion scam to ever hit the public markets. Just look at how much stock David has already sold. Reading the Hindenburg report is the only DD you need to do on this fraud. Don’t give your money to scammers
i preordered no mans sky. once again i installed it after recent update. its still cluncy as hell. while it is improvement from the release its still is for me damaging my nerve system to play. i get frustrated and have to take a break how half backed that game is. the point is even with all its flaws game became popular and people play it while joking how cluncy, buggy and messy game is. and tesla is hyped to the tits, they could sell a turt with a tesla logo on it and there would be a line of people who would throw cash on it just to have it. dont underestimate the stupidity and irrationalinty of people. look at MULN... tons of people clapping hands looking at shitty refurbished chinese van like they reinvented the delivery and automotive industry.
Is MULN done? A lot of smart people said to bet on mullen automotive but it seems like they're on the precipice. Don't worry I'm not one of those people watching their life savings burn. But what the heck is really going on? I know they've made accusations of market manipulations targeting them. So are they being killed off by someone profiting from it or are they just a bust? If it's the former do you think it would gain traction as a meme stock?
My positions currently; $GNS - Hoping for a huge squeeze once the share count has gone through, don’t really care for the dividend. $MULN - Yes I know everyone hates it with a burning passion, but sometimes you have to go for the under dog, and the last two days this stock has been promising, might squeeze shorts out soon! $T2 - I’m in it because this is the play, was close to selling yesterday but I was too stubborn to take a loss, now today I am once again a happy camper! $EBET - tbh I don’t really know why I’m in this position. It’s really a gamble, it could get bought out and jump significantly or just pump randomly here and there so I’m staying in, don’t see it dropping much more than 0.03 anyways.
Save your money and avoid MULN. They are literally in the hearing phase before being down listed to OTC. If they are down listed, they will have to reverse split to get back to compliance. Some people have lost TENS OF THOUSANDS (I only lost $750 during the first dilution). I understand this is your goal and opinion, but posts asking about entry to MULN should not exist
all AA needs to do is like the MULN ceo. He said they hired a team to look into illegal short selling and the thing had a pretty good spike. The stock is still shit, but with all the APES waiting for a signal, the buy pressure would be immense