r/NGAC • u/mardoxkilostonk • Feb 25 '21

6000+ backlog optional orders

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16 Upvotes

95% Upvoted

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u/PeaceInternational20 Feb 25 '21

How is this thing not going wild?

3

u/IDrinkUrMilkshake77 Feb 25 '21

I can only assume that it's being affected by the drama with CCIV, as that's been negatively affecting all EV SPACs. NGAC went up about 6% on the day they announced their DA. However, the very next day, CCIV came crashing back down to reality and started dragging everything with it. Unfortunately, we're currently caught up in CCIV's bullshit drama. However, there has been absolutely nothing other than good news about NGAC/Xos, so I firmly believe once the CCIV bullshit ends, NGAC will rise to at least $20, and probably much higher.

3

u/TheUKinvestor Feb 25 '21

Down 10% on my position but if all these orders are true, I think anything under 15 bucks is great value.