 This is bad. What's up, my name is Giggs Mitsubishi and welcome to another video guys. So in this video, I want us to talk about ticker symbol WKHS Workhorse. Again, this is a company that I cover here on the channel. I told you guys why I was interested in the company and I gave you guys my reasons and why I was skeptical again about the company long term because of the fact that they were really relying a lot on their potential contract with USPS. So the contract came out and they didn't get it. So we're going to talk about that today and talk about some price predictions and what to do now. 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 you have 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 guys, we've actually covered Workhorse here on the channel several times. I made several videos, explained to you guys why I thought Workhorse was a good buy. At some point in due to more research came back and told you guys why I was skeptical about the company. And most recently, the stocks started making some good moves. And I was looking as I'm thinking like the Biden administration was going to come in and maybe even help them or give them part of the contract. But boy, that didn't happen. Like they completely missed on this one. And so if we can take a quick look here at the news, this is CNBC. Workhorse group drops nearly 50% after EV company is passed over USPS contract. So this is really bad. I felt bad for this particular stock. So let's look at the chart here, you guys can see. So this is the stock trading right here. We had our pullback this morning at 8.30 when the market opened. Let a pullback to $24 and some change. And then kind of stayed relatively quiet there. And I don't know if people in the company knew that this was going to happen. And so they probably went and made sure that they had some stop losses to secure some profit. I don't know what happened there. But again, look right here at about 2 p.m. central time. The news came out and look at, I think just dropped like a bag of potatoes. And it went down to under $12, which is kind of crazy, guys. Before even squeezing up back again. And then right now sitting at about $15 and some change. This is terrible. I mean, I know this company is going to recover some. But just this fact that they would pass over for this deal. It's a really bad thing for the company. It's going to take them a little bit before they can recover. I mean, the company still has a good business model. They have good products, they mean the trucks that they're building, these delivery vans that they're building, all electric are still there. But missing out on a huge contract like this is really insane. I don't really wish out on anybody. So the company that actually got the contract is Oshkosh. So if you can see this, it's the base out of Wisconsin. If you can see the complete opposite of what happened to Workhorse happened to Oshkosh. See here, this is around 2 p.m. When the news came out right there, look at that squeeze. First squeeze all the way to about $17 and then had that little pullback. After hours, it just kept going. Actually, when it tested 124, they almost 125 before pulling back and sitting somewhere at about $17 and some change right now, guys. So that's the company that got the contract. So what do we do with Workhorse at this point? I mean, to me, I was looking at this. If this thing, I was hoping that it came down to about $10. If this stuff had dropped to $10, I would have jumped right in. Because again, the company, it's a solid company. They don't only build electric vehicles, but they also have technology. So they've developed a cloud-based real-time telematics performance monitoring system. So that is part of their technology. So they have an underlying business. But just to be slim in the face like this, it gives me and you investors an opportunity to get into the stock. But overall, long-term, now I don't see this company the same way I used to look at a company. I'm going to trade it. I'm going to see if I see an opportunity. I'm going to go in there. But long-term, I'm not really going to focus on buying this and holding over time. I might swing trade it and that's about it. Workhorse, it was nice. You guys did your best, but didn't get the contract. So I'm going to move on to some other bigger and better companies. Again, guys, don't get me wrong. I'm not saying Workhorse is completely dead. Workhorse is still going to have some business. But am I going to put them at that same level? Because the contract they missed out on was a 10-year contract. Can you imagine that you have a 10-year contract? It means for 10 years, you have money coming in that's guaranteed from the government. I mean, dude, you just can't miss that kind of opportunity. If you miss it, too bad for you. So my price prediction right now, you'll probably see Workhorse maybe go test 20, 25 at some point, but not anytime soon. It's not going to move back that quick because prior to the anticipation for this merger, if you can see here, I mean, they went as high as $43 or $44 before this happens and then pulled them back down. So that was people anticipating that they were going to get that contract. Now that they don't have any major catalyst in the pipeline, what's going to drive the stock up to $40, $50? It's going to be revenue. And if you don't have to, it's like revenue that people are looking for. And then this thing is probably going to stay around that $25 price point for a long time before making them move up. So again, that's my personal projection. They might come up with some new products. Who knows? I don't, again, I'm just looking at what I see right now in front of me. So it was a sad day for Workhorse in the market. Stock trapped over 50%. And so where do we go from here? Personally, I'm not going to consider Workhorse, again, like one of the top players in this space. They're just another EV company that's out there. If they had gotten this contract, that would have given me some really good security to invest in the company. But right now I'm just going to shrink trade the thing. And that's about it. I'm not going to buy this thing and hold it long-term. I know people that are bullish on it, but I mean, you can't win them all. So this one is when I'm going to let go in that tit. Yeah, I feel bad, but hey, it's just the nature of business. I wish they had split the contract 50-50, and that would mean two companies take to get the contract five years each to get the delivery advance out there, but that never happened. So that's my personal take here. So let me know in the comment section what you think about this. Are you still holding Workhorse? Do you plan on buying more or are you done with Workhorse? Again, let me know in the comment section if you're new to the channel. We took over 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. Also, if you're looking to get started with investing, we both have the promotion where if you sign up and deposit $100, you get four free stocks. Links in the description. And as always, do your due diligence. Don't be a green savage. Stay motivated.