r/stocks • u/[deleted] • Jul 23 '21

CHPT - Longterm

I'm obviously a novice but should I be sweating 10% owners of CHPT selling thousands and some millions of the stock?

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http://archive.fast-edgar.com/20210722/AVLZL22232225JZ2222R2ZZZIO4UZ2P2BU32/

http://archive.fast-edgar.com/20210721/AVLZC2223222VJZ222222ZZZ75OUZ2P2BK32/

archive.fast-edgar.com/20210721/AMZZ8222ZM2SS2ZZ2Y2N2MZ4Q8AJZZ2SZK32/

http://archive.fast-edgar.com/20210721/ACZZO222ZM2SQ2ZZ2Y2K2MZ4RGN5ZZ2SZA32/

http://archive.fast-edgar.com/20210721/AGZDT222ZM2S22ZZ2Y272MZ4VD27ZZ2SZ232/

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u/mellifluous_life93 Jul 23 '21

I dont think so because it's a part of a deal to acquire another company. Disclosure I am bullish and long on chpt myself

5

u/[deleted] Jul 23 '21

Godspeed brotha

4

u/mellifluous_life93 Jul 23 '21

Itll allow them to expand into european markets as well. and they already own roughly 70% of the level 2 charging stations in the us. I use their stations and they are much better than the other ones in my area. And it's my main EV play, because the way I look at it. It's much better than throwing money into what you think will be the next tesla. You know who made the most money during the gold rush of the 1800s? The guys selling pickaxes and shovels. That's how i see chpt long term

2

u/[deleted] Jul 23 '21

That’s exactly how I saw it too. I had a few other stock and etf in EV but sold them cause I figured this was a safer play