Nikola dropped enormously on opening and then, in a single minute, $24mm of the stock was bought.pic.twitter.com/1N4VLJQj0K
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Nikola dropped enormously on opening and then, in a single minute, $24mm of the stock was bought.pic.twitter.com/1N4VLJQj0K
I bought calls worth 250k lol. MMs who are writing calls have to buy stocks as well. And certainly enough people will buy the tank.
that is insane imo, you’re completely dependent on a collective response of traders there’s no intrinsic value
So I actually still buy the NKLA story to a fair extent, esp after Trevor Milton's recent interview. As to your statement, welcome to the stock market of 2020 (but really I guess its been like this for a while now) - at some point you stop fighting it and just go with it i guess.
all right well for the record as an expert in the area of energy systems and entrepreneurship there’s red flags all over the place, and it just doesn’t seem reasonable to gamble like that but 
I would be interested in knowing what are the red flags tbh. If you don't want to share publicly, I'd love to hear them in DMs.
a fuel cell is completely unsuitable for a pick up truck, it’s low power density and high cost. The stats that they’re putting forward imply a major breakthrough in the fuel cell technology but they haven’t explained anything about technology. engagement is all with investors
they haven’t sold any vehicles they don’t have a factory and the leader ship style seems really weird. this company probably wouldn’t have won the student competitions I judged, so much braggadocio, and the valuation is spectacularly ahead of where it should be
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