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I'm in for long. Doubled my portfolio. Why? This is quoted from one of the traders:

1. Ideanomics has large orders to supply EV's in China now and in the future. Some people think its just a car dealership. You are always asking what do they make? What did Jill Babes make back in the day? He took a disk operating System from innocent techies and put his name on it and got banks to support him. You don't need to manufacture anything to have your tentacles around the world. Guess what Babes is doing now?

2. They own an influencer company. Do you think it is just by chance that they mention their own "branding"? No doubt IDEX have plans to have their own brand eventually. No doubt they have the opportunity to use all their influencers to make their brand recognised in China if they want to - just like they are going to do in Malaysia with their own EV bike brand.

3. There are so many smaller struggling EV companies in China. All of them want to win. What IDEX is doing doesn't depend on that like TESLA or NKLA or those other companies . They have contracts to supply. What is important for them is that they don't fail on the contracts and lose money on performance bonds.

4. As demand grows, companies will fail to keep up with demand. They will fail on deliveries. If you have a contract to supply these vehicles, you can't rely on one company to fulfil the orders.

5. Nobody knows exactly where the trend is going. Yes there is an EV boom but there is also a possible Hydrogen Vehicle boom in Asia. Hydrogen/Battery hybrids so watch out for Toyota and the Japanese who are pushing H2 hybrid vehicles.

6. "Green" vehicles of the future are all acceptable in the contracts that IDEX will get now and in the future to comply with the Blue Skies mandate in China. IDEX are not hedging their bets on one company or one technology to supply them. They are able to chose. Notice that in their recent orders some of them were H2.

7. This is all happening so fast, no one manufacturer can keep up. The chinese never stop working and you can count on that.

8. What is the FINTECH? Ideanomics have already been helping banks and that is another story. They can bring this tech into their EV business. Think of Paypal, think of Wechat Pay.. think of Uber and Grab .. Companies that get their hooks and take commissions off every transaction are winning. Do you think Ideanomics know how to do this? Of course - they are bankers as well.

9. Being bankers they will know how to get money from other bankers. What is Fintech ? Finance and technology!