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re: NKLA down 11% today to $51/share
Posted on 9/15/20 at 5:36 pm to castorinho
Posted on 9/15/20 at 5:36 pm to castorinho
Lol Hindenburg literally shorts a stock then releases their short case, then profits off the tumbling stock price. They usually win too bc they do a good job of researching this stuff. Citron does the same and brought Jumia down from $25 to $5
Anyway I bought puts on this thing last week and they’re doing pretty well. It might turn out that Hindenburg and Citron are bullshitting. But the stock will plummet for a while and I’ll make money
Anyway I bought puts on this thing last week and they’re doing pretty well. It might turn out that Hindenburg and Citron are bullshitting. But the stock will plummet for a while and I’ll make money
This post was edited on 9/15/20 at 7:39 pm
2
Posted on 9/16/20 at 3:17 pm to Upperdecker
quote:Probably (I would hope) but the disturbing part of this is that this isn't as much of a sure bet as it should be (depending on the details of the options contract). It's still outrageously valued without the allegations and news of both an SEC and DOJ investigation as a result.
But the stock will plummet for a while and I’ll make money
That said, I want to take my side consulting work public because with a 277,000+ price to sales ratio like Nikola's puts the valuations into the tens of billions of dollars so I'll gladly value it at a fraction of that.
Posted on 9/24/20 at 11:59 am to Upperdecker
quote:
Anyway I bought puts on this thing last week and they’re doing pretty well. It might turn out that Hindenburg and Citron are bullshitting. But the stock will plummet for a while and I’ll make money
Alright, all I want to know is what kind of Ferrari or Porsche are you shopping for? I say go with a 911 GT3.
Seriously, have you closed these out yet or still riding the wave? Excellent call. Great score.
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