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re: NKLA down 11% today to $51/share
Posted on 9/15/20 at 12:35 pm to cadillacattack
Posted on 9/15/20 at 12:35 pm to cadillacattack
Popcorn time...
But also this revelation:
quote:
Electric truck maker Nikola's shares fall as SEC reportedly examines short seller's fraud claims
But also this revelation:
quote:
Nikola Corporation (NASDAQ:NKLA) Chairman Trevor R. Milton purchased 41,400 shares of Nikola stock in a transaction that occurred on Monday, September 14th. The stock was acquired at an average cost of $30.91 per share, with a total value of $1,279,674.00. The acquisition was disclosed in a legal filing with the SEC.
Posted on 9/15/20 at 5:04 pm to Jag_Warrior
So something I was thinking of that could be another angle to this. What if Hindenburg held a large short position in NKLA prior to the GM announcement and put this hit piece out so that they could get out of their position with minimal loss or even a profit? The stock hit $54 at it's peak after the news. The price action the last few days seems a bit weird to me for a company that has these types of allegations thrown at it. Trevor Milton buying 41,000 shares certainly isn't enough to prop up the price but some short covering would hold it up.
Another thought which I'm not even sure can happen is GM accumulating shares at this price? If they did their due diligence and know that the allegations are bullshite then they know the price is going higher from here and they would own more of the company.
Just seems like there is always more to it than what meets the eye. Another thought is why doesn't the media or the SEC do a deep dive into a company like Hindenburg or shithead activist investor Bill Ackman? These guys clearly try and manipulate the market to their advantage.
Another thought which I'm not even sure can happen is GM accumulating shares at this price? If they did their due diligence and know that the allegations are bullshite then they know the price is going higher from here and they would own more of the company.
Just seems like there is always more to it than what meets the eye. Another thought is why doesn't the media or the SEC do a deep dive into a company like Hindenburg or shithead activist investor Bill Ackman? These guys clearly try and manipulate the market to their advantage.
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