 Damn What's up money geeks, mr. V here welcome to another video guys in this one We are going to talk about to get some more our ide Lordstown models this company is in the spotlight this morning because Hindenburg research has put out a hit piece on these guys and so the price of the stock is just Plummeting so that's what I wanted to cover in this 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 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 again for those of you that don't know Lordstown model. It's a ev startup that is actually working to produce like an ev truck To kind of compete with companies like ford or chevy or ram Even with tesla because tesla is also talking about putting out your cyber truck. So these guys are Again, it's still a startup. They don't have any production Trucks yet, but they are working on setting production based on the information that they've been putting out So again, there's a hit piece out here from Hindenburg research and again if you guys know Hindenburg research These are the guys that took down Nicola motors if you remember last year when they put out a piece on Nicola and explain to people What nicola was doing how they fake Some of their their data and how they actually fake even some of their prototype testing Like driving down the street as opposed to Actually using the power of the engine to power their their trucks So Hindenburg research goes after companies and really point out some things that they don't see adding up Again, this is a short seller firm So when they go after a company the their goal is to drive the price of the stock Down so they point out things that would make the price of the stock go down So again, do go in there and do your own research And i'm going to put the link to this research down because i'm not going to read the whole thing So you guys can definitely go check it out for yourself But basically they're pointing out that some of the pre-orders that Lorestown models is actually putting out there are not real, you know They're doing doing business with companies that don't really exist or company like a two person startup that doesn't really exist They have a you know usps mailing address and nothing substantial and those kinds of companies cannot put up 52 Million dollars to do pre-orders. So they're just pointing out some of those the stuff like that and also they're putting out stuff about their CEO who came from work horse and now like talking about him burning money and wasting cash So again, i'm going to let you guys definitely go check this out But again when they put out most of this research is an opportunity either for you to you know Jump into the stock or get out. So in this case, I wanted to take a look at the stock right now As you can see when the just pre-market when the news came out This thing was sitting at maybe about 18 17 dollars and some change and it pulled down to 14 dollars and now I mean as a matter of fact, it's actually down Almost 16 percent for the day But this i'm pretty sure this is going to go down even some so if you can see down here I have an order for You know at 12 dollars to buy 100 shares at 12 dollars to to at least write that way back because most of these The when they put out these reports like this They usually drive the price of the stock down and then it eventually bounces back a little bit And in this case, they're not saying that the company is a fake company They're just saying most of the thing I see here is just saying like the pre-orders that they supposedly post that they have Not really Pre-orders so it's not like they're not building a truck or working on building a truck again They cannot dispute this because they have put out this truck people can see they drive it around So it's right there for people to see but they're just saying like hey be transparent Stop lying or saying that you have pre-orders that you don't really have just yet. So that's a one thing So if you go here again, this is Sticking out for it. It's just pretty much the same thing Talking about that same information. I think it's like copying and pasting from from Hindenburg research So that's what we're gonna say. So my strategy here guys Again based on what I've seen in these particular stacks in the past when a stock take a beating like this Again for a company that it's a startup. We would expect a lot of Little issues What this dip is an opportunity for you to buy i'm anticipating if this thing I'd open this thing can pull down to let's say 12 dollars I hope I can post this before the market opens, but if not, you're gonna see a little bit late This thing can pull down to say 12 11 dollars You can pick it up there and then it could be a two dollars spread or even a three dollars spread back to maybe 13 14 dollars and that would be someplace where you can take profit. So again It's an opportunity for you to if you don't have a position here Get to pick up a small position and swing it and make some money because Again, when I say you see these tips like this, it usually bounces back Two or three dollars in that way you can make some some good money. So that's what I wanted to cover in this video again recap our Hindenburg research just put out a heat piece on Lordstown model because They say that most of their orders are not true or there's not coming from legitimate companies They cannot verify the companies that are putting these orders. So they don't feel confident in that the company is actually Telling the truth to their investors. So that's what I wanted to let you guys Know let me know in the comment section what you guys think about this. Do you own? Right or are you planning on buying the stock during this tip? Again, let me know in the comment section if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So there's something that interests you go ahead and hit that subscribe button and any notification bell So you don't miss out on your content. Also, if you're looking to get started with investing Webo has their promotion where if you sign up and deposit 100 hours You get some free stocks links in the description below and as always guys Do your due diligence. Don't be a greedy savage and stay motivated