"Baby TESLA" Nikola ($NKLA) Pausing Before A Bull Run

Nikola ($NKLA) is an appropriately named stock: It may also be a "Tesla without the car," as the big up-and-coming producer of lithium ion battery technology. It increased 106 percent yesterday and is making more modest gains today during a bad-run for the market overall. It is still climbing but leaving something of a sell window open on this popular stock before it is fully out of the bag. A preemie of sorts, which debuted in March, it has the innovative technology one looks for in major long-term tech stocks. LONG, Super duper long. There is a ton of promise in "Baby Tesla," whether or not it is an eventual buy out of its copycat company, or not.

Comment:

Clearly, there was some very high initial excitement here and this mentioned bull run may not be quite as imminent as previously thought. Even so, I like this as a LT investment. I feel fairly okay with what was a bad entry point, that is to say.