Started By
Message

re: NKLA down 11% today to $51/share

Posted on 9/15/20 at 12:35 pm to
Posted by Jag_Warrior
Virginia
Member since May 2015
4129 posts
Posted on 9/15/20 at 12:35 pm to
Popcorn time...

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 by BuzzSaw 12
The Dark Side Of The Moon
Member since Dec 2010
5280 posts
Posted on 9/15/20 at 5:04 pm to
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.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram