Stellantis N.V. With another huge buy
$Archer Aviation(ACHR.US$ This make 3.2 Million shares at a price of 15.8 Million dollars just since 3/8/24!
10% Shareholder Stellantis N.V. purchased 1.6 million shares of Common Stocks on Mar 12, 13, 2024 at an average price of $5.1693 for a total value of $8.27 million. Plus the buy i posted on 3/12![]()
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10baggerbamm : it's very bullish news but you have to understand stalantis their time horizon is different than a short-term trader they're looking for companies that can make a difference in the market I believe and I hate saying this because it goes against my moral compass of investing. I think if Archer continues to advance you're going to see stellana's take them private under their wing they'll buy them out but I believe we are years and years and years away maybe even a decade maybe longer before we have adopted in the country or world flying vehicles.. and of course as Elon Musk says we already do have them they're called airplanes. but a car that's vertical take off that flies that can move you over traffic around traffic in the air I believe we're a decade plus away.. I wouldn't bet my whole nut on Archer or any of the other companies but if you have a very very long-term time horizon and you're able to trade it for a profit Archer leave your profits in the company and then don't look back on it that's how I would suggest you invest in it