Tuesday, May 11, 2021

How Bad Can It Get? May 11, 2021

Colonial Pipeline: from social media at 10:10 p.m. Tuesday night, May 11, 2021. 

  • "Authorities" hope that "substantial portions" of the Colonial Pipeline will be open by the weekend -- that's three days from now. Meanwhile, earlier today:
    • Raleigh, NC: over 50% of gas stations are without gasoline;
    • Wilmington, NC: over 61% of gas stations are without gasoline;
    • Charlotte, NC: over 29% of gas stations are without gasoline;
  • Extrapolation suggests upwards of all gas stations could be out of gasoline by Thursday; trucks will start rolling; that will help; but ....

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Workhorse

On another note, do you remember the short note regarding "Workhorse Group, Inc," a billion-dollar hydrogen-fueled truck company, that produced all of six trucks this past quarter?

Well, "Cathie" / ARKK (ARK Innovation ETF) dumped Workhorse Group today. 

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