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Anybody still playing with NKLA?

Posted on 8/3/21 at 7:00 pm
Posted by Ramblin Wreck
Member since Aug 2011
3898 posts
Posted on 8/3/21 at 7:00 pm
I've been watching it for about 9 months, but haven't been brave enough to buy any. Where do you think it will bottom this time?
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30559 posts
Posted on 8/3/21 at 7:01 pm to
I honestly thought about a swing. Looks to have good support around $10 but who knows
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 8/3/21 at 8:32 pm to
Saw an article they faked their truck tests - towed to top then pushed them down a hill ?
Posted by HoLeInOnEr05
Middle of the fairway
Member since Aug 2011
16834 posts
Posted on 8/3/21 at 8:45 pm to
I played the earnings with some puts this morning. Rode to the bottom, then cashed out.
Posted by POCKET
Member since Nov 2011
2607 posts
Posted on 8/3/21 at 8:53 pm to
They lowered their revenue guidance to between 0 and $7.5M. This is for a company that has a market cap of $4B and whose founder has been criminally charged for misleading investors.

Investing in this company is drunkenly chasing the next Tesla for no reason other than “they do the same thing” imo
Posted by My2ndFavCivilNgineer
Member since Jun 2013
586 posts
Posted on 8/3/21 at 8:54 pm to
quote:

I honestly thought about a swing. Looks to have good support around $10 but who knows


stay TF away, of course it has support at $10 it was a SPAC. I am shorting via puts and once it blows by $10 it is going to sink fast
Posted by YungBuck
Baton Rouge
Member since Dec 2017
1762 posts
Posted on 8/4/21 at 12:17 am to
Next Tesla is Hyliion (HYLN)

Class 8 trucking that if you do enough research, they will curb the market
Posted by tigerfoot
Alexandria
Member since Sep 2006
56355 posts
Posted on 7/14/23 at 9:05 am to
Is this NKLA rally anything sustainable. I had 1500 shares that I rode to the bottom, gained about 80% or so by eyeball over the last couple days?

Looks like they made a strategic deal to sell 50 trucks to BayoTech and inreturn buy hydrogen from them.

This almost looks like a desperate move that will pump stock up a touch then fall back, or is it more substantial?
This post was edited on 7/14/23 at 9:08 am
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