Chargepoint--CPHT

[SmallDaddy]

I got me 100 shares at 28 --- it promptly corrected (aka crashed, lol) to 20, before bouncing back

I think its a decent play on the EV craze.

Those babies gonna need juice.

Apparently they are the leaders at this point.

The pros:

The growth for the next 10-15 years should be phenomenal.

They have two things going for them.

They only provide the software and the equipment but not the electricity-- so local utility companies are not competitors but potential allies.

Their software can service just about all the cars (Tesla and such) not just one specific brand.

The cons:

On the other hand the stock is a bit pricey -- I missed the sell off, if it happens again I am getting some more.

The technology can change. (switch out batteries, which at this point would be a faster charge time)

But if it doesnt I am liking this baby
I am gonna set it and forget it.

Bumping this in 10 years

 

[SmallDaddy]

Also the company has a bunch of influential backers like Volkswagen, BMW. I think Shell and National Grid as well

A lot of Fortune 500 companies have them in their parking lots.

A few hedge funds are investors like Kyle Bass, who will go on tv and tout the company

 

[Ricboff]

CHPT

6 mth daily

200 sma

i knwo NOTHING about this company , lol . with that said, never easy to buy low and sell high as our minds arent wired for that .

eliminate all the candles from late dec 2020 (after the long red candle); ask this question, given an investor likes the sector; where is VALUE to buy?

- at a support ; it blew through multiple supports like a hot a knife through butter
- at the 50 sma; it blew through that, kaput
- at the 200 sma ; last straw

bounced off the 200 sma and formed a bullish hammer pattern on friday (no confirmation candle)

imho, great initial entry point . IF it were to lose the 200 sma with a candle closing below it? ..um , NOT GOOD

great Biden sector -- that chap is likely going all in with clean energy



https://www.cnn.com/2021/02/01/politics/joe-biden-green-energy-jobs/index.html

there's a new sheriff in town

 

[SmallDaddy]

Since the drop is because of market correction not because of stock specific issue...

Bought another 50 shares at 20.5

(would buy another 150-200 shares if the market were to correct further-- in the low 10's)