Posted by
Message
Upperdecker
LSU Fan
St. George, LA
Member since Nov 2014
22638 posts

re: NKLA down 11% today to $51/share
They don’t have real earnings, so many are anticipating they will have some concrete business updates that will positively impact the stock price


LSUtoOmaha
LSU Fan
Nashville
Member since Apr 2004
25376 posts

re: NKLA down 11% today to $51/share
NKLA got wrecked after earnings, but has rebounded nicely off the lows. I'm still holding from $32.60


AUtigR24
Auburn Fan
Happy Hour
Member since Apr 2011
18619 posts

re: NKLA down 11% today to $51/share
Well they lost nearly 90million last qtr compared to 16 million same qtr last year


thejudge
USA Fan
Westlake, LA
Member since Sep 2009
9659 posts
 Online 

re: NKLA down 11% today to $51/share
Just signed a deal for garbage trucks...

Up 11% now to $41.

LINK


LSUtoOmaha
LSU Fan
Nashville
Member since Apr 2004
25376 posts

re: NKLA down 11% today to $51/share
Holding steady at $42.8. In the recent tech volatility NKLA held up quite well. I’m keeping my shares


RebelExpress38
Ole Miss Fan
In your base, killin your dudes
Member since Apr 2012
8791 posts

re: NKLA down 11% today to $51/share
Up almost 30% the past week. Pretty solid ride since the earnings report drop.


Replies (0)
Replies (0)
10
DawgCountry
Kennesaw St. Fan
Great State of GA
Member since Sep 2012
26248 posts

re: NKLA down 11% today to $51/share
Up 45% premarket with Announcement of partnership with GM. They are going to help produce the badger truck


thejudge
USA Fan
Westlake, LA
Member since Sep 2009
9659 posts
 Online 

re: NKLA down 11% today to $51/share
Lesson to all. If you like a company and have done your research hold onto it.

I bought at 35 on a "dip". It went up then crashed after earnings. Dumped at like$28 to get out of it.

Now look at it. September was supposed to bring a badger truck announcement and here it is.

Not only did I lose out on the run from 35, but lost at selling for 28...

Hard to swallow sometime.


FLObserver
LSU Fan
Jacksonville
Member since Nov 2005
8258 posts
 Online 

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

Not only did I lose out on the run from 35, but lost at selling for 28...

Hard to swallow sometime.


We all got these stories man! I've bought and sold on emotion and have regretted it down the road. everyone would love to buy low and sell high but it just doesnt happen that way sometimes.


GREENHEAD22
LSU Fan
Member since Nov 2009
14291 posts
 Online 

re: NKLA down 11% today to $51/share
More upside for this or think it will come back to earth some after the GM news fades?


DawgCountry
Kennesaw St. Fan
Great State of GA
Member since Sep 2012
26248 posts

re: NKLA down 11% today to $51/share
I they they'll have a few more announcements over the next few months. I would lean towards upside


jimjackandjose
Member since Jun 2011
4364 posts

re: NKLA down 11% today to $51/share
I think it's got a few more dips in it. It booms on news and drags in between. Until they have vehicles on the roads and profits, up down plays are coming.

Anytine you can cash out green is a win


cadillacattack
Auburn Fan
the ATL
Member since May 2020
822 posts

re: NKLA down 11% today to $51/share
interesting expose' released today on NKLA by Hindenburg Research:

https://hindenburgresearch.com/nikola/

quote:

Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America
Published on September 10, 2020

Today, we reveal why we believe Nikola is an intricate fraud built on dozens of lies over the course of its Founder and Executive Chairman Trevor Milton’s career.

We have gathered extensive evidence—including recorded phone calls, text messages, private emails and behind-the-scenes photographs—detailing dozens of false statements by Nikola Founder Trevor Milton.

We have never seen this level of deception at a public company, especially of this size.

Trevor has managed to parlay these false statements made over the course of a decade into a ~$20 billion public company. He has inked partnerships with some of the top auto companies in the world, all desperate to catch up to Tesla and to harness the EV wave.

We examine how Nikola got its early start and show how Trevor misled partners into signing agreements by falsely claiming to have extensive proprietary technology.

more: link




buckeye_vol
Ohio State Fan
Member since Jul 2014
33508 posts

re: NKLA down 11% today to $51/share
Were people not already concerned this was a scam in the first place, based on the name of the company alone? For a while, I legitimately thought it was a subsidiary, brand, product line, or just nickname for Tesla. I didn’t realize it was a separate company started after Tesla was already well known, until the report on how a significant portion of it’s less than $100,000 in sales came from putting solar panels on the founder’s house.

I’ve never seen a more blatant knockoff of a large company, from its product and business lines to the name itself, with such minimal acknowledgment of it being a knockoff as many treated it as a some sort of trend setter and game changer instead.


cadillacattack
Auburn Fan
the ATL
Member since May 2020
822 posts

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

NKLA down $4.70/ share in mid-day trading ....


jimjackandjose
Member since Jun 2011
4364 posts

re: NKLA down 11% today to $51/share
That article was pretty damning

But again, they have a contract with GM. Get trucks on road and it's going to pop again


cadillacattack
Auburn Fan
the ATL
Member since May 2020
822 posts

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


quote:

Update 9/11/2020 0846AM EST:

Nikola has published a brief response to yesterday's almost 100 page report by Hindenburg Research on Friday morning. A press release, which does not debunk individual points of the report, simply says the company will refute allegations, then mentions that Nikola hired a law firm and will bring the actions of the short seller to the SEC:

“Yesterday, an activist short-seller whose motivation is to manipulate the market and profit from a manufactured decline in our stock price published a so-called “report” replete with misleading information and salacious accusations directed at our founder and executive chairman. To be clear, this was not a research report and it is not accurate. This was a hit job for short sale profit driven by greed.

We have nothing to hide and we will refute these allegations. They have already taken up more time and attention than they deserve. We have retained leading law firm Kirkland & Ellis LLP to evaluate potential legal recourse, including with respect to the activist short seller and any others acting in concert.

Nikola also intends to bring the actions of the activist short-seller, together with evidence and documentation, to the attention of the U.S. Securities and Exchange Commission.

We respect the rights of investors and the integrity of the market and will be back to you after we have advanced the process with the SEC.

Most importantly, Nikola remains focused on delivering on the promises we’ve made to our stakeholders.” Headlines started hitting the wire on Friday morning:


Replies (0)
Replies (0)
00
rocket31
Toledo Fan
Member since Jan 2008
34647 posts

re: NKLA down 11% today to $51/share
thought crap like this only existed in crypto


Replies (0)
Replies (0)
32
Brettesaurus Rex
New Orleans Saints Fan
Baton Rouge
Member since Dec 2009
36997 posts

re: NKLA down 11% today to $51/share
I’d take anything you read from Hindenburg with a grain of salt. They’re basically hit men.


cwill
Member since Jan 2005
44681 posts

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

Were people not already concerned this was a scam in the first place, based on the name of the company alone?


Nobody did any research...they saw cool pics and bought the fraud.


first pageprev pagePage 5 of 8next pagelast page

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