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re: NKLA down 11% today to $51/share
Posted on 9/15/20 at 5:31 pm to castorinho
Posted on 9/15/20 at 5:31 pm to castorinho
99%+ of people posting on MT have no fricking idea how the financial world works.
0
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
Posted on 9/16/20 at 3:10 pm to castorinho
quote:Do they sell these shirts on their website, because I can't find them?
Well they're shirt sellers , that's what they do
In all seriousness, Hindenburg explicitly stated that they took a short position. But I don't see why people take such a big issue with short-sellers who provide detailed and well-researched reports to justify their positions, assuming the research isn't fraudulent itself, which is not any different than a firm providing research as to why they are "long" a stock.
In fact, a well-researched (whether good or bad for the company) is a good thing, and it's a self-correcting mechanism for the market. Of course the Bill Ackman's of the world create a bad name for the rest of them, but at least we figure that out sooner or later usually.
Regardless, at the end of the day, if Nikola (or whomever) isn't actually a scam, then they'll likely prove that eventually. And if someone is long on Nikola, then they'll should eventually reap the benefits, and now they have an opportunity to buy at a discount.
That said, I don't think being long is a good play in this case, especially with both the SEC AND DOJ looking into them. And the details of their GM deal (at least what has been reported), which was first perceived as a positive, looks to be quite the opposite. Well it may be for GM though as it appears to be really low risk (reputation harm aside, which I don't think is much of a risk) and high reward.
This post was edited on 9/16/20 at 3:10 pm
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 9/17/20 at 9:38 am to buckeye_vol
quote:
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).
Correct. And the hang up here is that you’re buying options on an underlying which has an IV (implied volatility score) of 227%. For comparison, the IV on DKNG is 95%. On MSFT it’s 41%. All that to say, you have to pay through the nose to buy options (especially puts) on NKLA - which is why I’ve been selling options against it.
I’m certainly not saying that one can’t make money buying options on this (or anything else). Just that you have to be right on the direction, magnitude of the directional move and also the time frame (because theta/time decay will eat into the option’s value). I just have to be right on the maximum range and the time frame. But as has been seen on here, both strategies can work simultaneously. My initial basket of naked puts expires tomorrow. I’ll likely open some more positions tomorrow or maybe Monday (to avoid headline risk over the weekend).
Posted on 9/20/20 at 11:42 pm to cgrand
quote:
and now dropping like a rock y’all need to bail on this turd
Gonna get worse.
Posted on 9/21/20 at 6:03 am to go ta hell ole miss
quote:
Nikola founder Trevor Milton steps down as chairman in battle with short seller
-33% PM
Posted on 9/21/20 at 6:41 am to DawgCountry
GM rumored to be waffling on their agreement to take an 11% stake in Nikola ... announcement expected Sept 29
Posted on 9/21/20 at 6:47 am to cadillacattack
Down $10 in pre-market.
Posted on 9/21/20 at 8:37 am to lsu xman
So I have 45 shares of this shite at about $36 a share. Premarket hours are currently $24 a share. Should I dump or hold on?
Posted on 9/21/20 at 9:48 am to LSUlefty
im hoping no one was too strongly invested into this...
Posted on 9/21/20 at 10:52 am to rocket31
as of Noon EST today .... NKLA down $7. per share (- 20%)
61+M shares traded before noon ....
avg volume = 25+M shares per day
61+M shares traded before noon ....
avg volume = 25+M shares per day
This post was edited on 9/21/20 at 10:54 am
Posted on 9/21/20 at 10:56 am to cadillacattack
I can't believe this is happening.
Posted on 9/21/20 at 12:22 pm to cwill
quote:
I can't believe this is happening.
How were there no signs??
Posted on 9/21/20 at 3:18 pm to cwill
quote:
I can't believe this is happening.
completely out of the blue.
blindsided everybody
Posted on 9/21/20 at 8:01 pm to Dr.Funke
quote:
How were there no signs??
Hahaha! Right. Like their biggest customer being their CEO and his solar panels. I am shocked.
Posted on 9/23/20 at 2:35 pm to go ta hell ole miss
really hope y'all got out safe
Posted on 9/23/20 at 2:43 pm to DawgCountry
quote:
I they they'll have a few more announcements over the next few months. I would lean towards upside
Posted on 9/23/20 at 2:43 pm to cgrand
Short puts expired last Friday. Entered new positions on other underlyings. Too much headline risk on this puppy.
The guy who had long puts should be cleaning up today if he’s still holding them.
The guy who had long puts should be cleaning up today if he’s still holding them.
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