 pow pow What's up money gigs mr. V here welcome to another video in this one We are going to talk about tickets symbol e-h e-hang holding. This is a Chinese based company that Focuses on autonomous area vehicle technology. So they service different industries like transportation logistics Smart cities and area management. So they are actually involved in the design development Manufacturing sales and operation of Area Autonomous area vehicles. So that's what I want us to talk in today's video But before we get started guys if you're new to the channel We talk about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content. So this is a a Chinese based company again Like I said, they're core business is that they're trying to solve the problem of urban air mobility So for you to be able to fly a drone from your house to work or just around town Against commutes that's going to take you maybe two three four miles You can actually use your drone to go to those Destinations. So that's what this company is solving. I don't think there's anything that really need to tell you As far as that So the company has been on my radar for a while here and if I bring the charts here You can see that the company was trading at the factory here the high That's just February 12th of a hundred and twenty Seven dollars because I did trade it in stock in the past when they were like 70 I did trade it, but I never really bought it because I was like all this is too expensive But then the stock just kept going up. So I just I was just complaining to myself Like I missed my opportunity. I never should have sold. I probably should have held that in my long-term portfolio But then this past week we had a crazy report. Let me bring this up here So Wolfpack research actually put out a detailed Report on them and Wolfpack research is a short seller firm. So they put out their report about Ehang and it was Terrible, I mean for the most part everything that is said in that report If it's true, this company really deserve everything that happened to the stock So, I mean, I'm gonna put a link in the description. You guys can definitely go check it out They actually have a video that actually shows you the guy walking around the factory and Whatever they see there. So again, I'm gonna put it so you can you can go watch this and judge for yourself I know they're the company actually responded But their response was just like a we're gonna take care of things are gonna try to fix stuff So again, this company when they IPO see if you can see here It went from $13 all the way to a high of 124 But the high was actually 127 sir had even gone higher than that It pulled it all the way down to look at that to a low of about $46 So this is I mean like from 127 down to $46 when that report came out So I did trade it this again when he came down to 146 I got in here It squeezed all the way up to like 60 something I sold and got out early just to see day and watch it go all the way to 70 Something and then pull back and it seems then it's just been hovering around Right now sitting somewhere about $62 and some change But I to me when I look at it's like if it took that massive beating and it's finding support around This 50 something dollars. I think this is a great opportunity again for me guys This is a very very risky play. I'm looking at this report. Like I said, if everything that This wolf pack actually said in the report is true Then this company has some cleanup to do like massive massive cleanup to do But we've seen companies that have taken a beating like this from short sellers and then come out strong So that's what I'm anticipating with these guys because if he went from 127 and then find support about 57 58 I think to me I'm gonna pick up some shares here again This is a risky play guys Don't go and jump in this one then it collapsed tomorrow you complain if you get into this play Do me do yourself a favor put a very tight stop loss because we don't want to mess around with this one There is an opportunity here if this thing squeeze back up and we can even go test 70 or 80 You're gonna be sitting pretty good But if you pulls back again, then we don't want to be in a situation where we're holding it back So put a very tight stop loss kids. We want to go up We don't want to go down with this one if he has to go down sell and then buy the dip again So that would be my prisoner play here. That's the way I'm gonna approach this so you can decide for yourself But again, I like the fact that the company, you know put out a Statement refuting some of the claims in that report But again, if if some of those things are true They have some really serious clean up to do as you can see here. They're talking about their manufacturing facility So I don't know which of the facility this report actually went to and visited because they said they're the facility They went to doesn't there was nobody there was just empty He's walking around with seed those drones just sitting there. No one to talk to but again here They're saying that they have this facility that is almost completed. So maybe they went to the wrong facility Who knows we'll see as things unfold here. So I still definitely like it I'm looking at it anywhere if I see anywhere around like even right now Okay, I'm probably gonna start my position at about 55 or so and then just hold and see again. I'm gonna start with a very small position I'm not going to be can this one. I know if I mean if you squeeze back up I'll probably cry like me and I wish I went big but I Don't want to put myself in a situation where you know, I'm like not Slipping at night because I have a particular stack because this one is higher is higher reward in my opinion This is the future We're gonna get to this point is it gonna happen tomorrow in the next month the next year probably not There are so many regulations that have to go in place as a matter of fact We'll still struggling with autonomous vehicles on the ground. We haven't even figured out one out I don't think that getting to the sky would be that easy But companies that are laying the groundwork and doing the research right now Position themselves to be leaders in the space. So that's why I think I like this one I want to hold some shares of it and see where it goes from there So let me know in the comment section what you guys think if you're new to the channel We talk about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button in the notification bell So you don't miss out on your content and also we boys doing a promotion where if you sign up and deposit a hundred hours You get free stocks links in the description below and as always guys do your due diligence Don't be green savage and stay motivated