The next company we are going to add to the mock portfolio is AYRO which is selling at $2.69 a share as we speak today 6/17/2020 it has taken a hard hit as of late and a extreme drop in June. I speculate as a result of the Corona Virus because they make electric vehicles for college campuses and golf courses. The real pricing of this stock although it has been as high as over eight dollars a share is around the five dollar range. So that is why we are going to add it to our mock portfolio as a direct speculation that the stock will move from $2.69 to $5.00 if it does; we are going to sell it back out of the portfolio. This is probably one of the riskiest stocks we have ever chosen because there is no real news on the stock.
I found the stock because NIO a Chinese electric car company has been in the top movers lately for getting an additional round of funding and ever since NIO first came out it has been a stock I watched. I have even traded options on this stock (NIO) when it was in the $6-9 dollar range about one year ago. I never mention my trading in my personal account unless it directly effects one of the stocks in the mock portfolio. The trades I am completing in my personal account, is directly opposed to why I started this blog, which is to teach Wall Street to novice investors and those trades in my account are complex.
I want you to see that you can and will make money in the stock market without having to do all the fancy shmansy things that a Wall Street Titan does. However sometimes you have to have fun, the market can be like gambling, and it's about time we did something crazy that in the end my brain tells me will pay off the same way that adding EVOA to our portfolio did which is what up like 500% return in less than a year. Now if you are an outside investor of course do not put all of your cards in ARYO if this is your first stock buy. remember that we have stocks in the portfolio like Washington Real Estate Investment Trust that we buy for the dividend are completely safe. With Arroyo buy 100-1,000 shares and see what happens, but by all means do not mortgage your house this is speculation. There is not much news regarding this company.
If later after checking Seeking Alpha there still is not any news I might call the appropriate person at the company directly (their press or public relations agent) and become the news reporter that provides information to Seeking Alpha regarding their business. I am also an affiliate writer approved by Seeking Alpha to submit news articles. I have been looking for such an opportunity.
So today we add 2 shares of ARYO @ $2.69 to our mock portfolio.
Winner of Wall Street Journal Dartboard Contest March 2009
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