ELIO: A Startengine campaign though the new A+ regulation. I bought 100 shares from the company at $12 each. I need to transfer them into my brokerage account and look for a favorable opportunity to sell and/or buy. One to sell has already passed. Oh well. This was my first time doing a venture-capital-like deal and I essentially looked at this as a long-term investment where I was potentially throwing my money away. Another thing I noticed: The chart for day 2 of trading on Think or Swim showed a low of 0.03 cents!! What a range!!! Newly traded company shares could be very profitable IF one puts in limit orders for ridiculously low prices. Just think if such an order was hit!! OMG like 5000% profit...on a few shares at least. This is not a large-scale strategy due to the low volumes. Therefore I'm afraid I will essentially have to shelve it...except for times of severe market turmoil when even large companies like GM went in minutes from $30 per share to $22 per share, then "instantly" recovered to $28 per share. Ford, Appl, ARI, others did the same thing.
Anyhow, next time I do a venture capital deal and the company alerts me that the shares are listed for trading (Elio Motors was apparently a historic first to do so after raising funds through A+ legislation.) I will transfer them for live trading immediately and look for those insane opportunities to sell for 5x after just a few months. The company was honorable, with shares starting to trade at $14, $2 more than what I purchased for!! Thank you Paul Elio and CO. for not burning your investors!!! Elio now has a profile on SEC.gov I believe, where all their information can be analyzed. I don't know if they had this when I invested. I kindof did so blindly on faith, which I don't like to do of course.
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