Plenty written about the warrants and upcoming registration sale here: seekingalpha.com/art...-time-bomb-for-longs
This week NKLA will take pre orders for their new truck. Would you buy a truck not knowing where you can fill it up with fuel? Thats essentially what NKLA is asking you to do.
Company has already said they will not share pre order numbers. This is a tactical way of dealing with the numbers. If they are good, I'm certain they would share the numbers. If they are bad, they have already covered themselves saying they wont publish them.
Given they dont publish pre order numbers, what news will continue to drive the stock forward?
No factory partner, no fueling stations...no near term future for the stock especially with the warrants and registration looming.
30 day price target = $35 per share.
This week NKLA will take pre orders for their new truck. Would you buy a truck not knowing where you can fill it up with fuel? Thats essentially what NKLA is asking you to do.
Company has already said they will not share pre order numbers. This is a tactical way of dealing with the numbers. If they are good, I'm certain they would share the numbers. If they are bad, they have already covered themselves saying they wont publish them.
Given they dont publish pre order numbers, what news will continue to drive the stock forward?
No factory partner, no fueling stations...no near term future for the stock especially with the warrants and registration looming.
30 day price target = $35 per share.
Trade active:
Will add to put position if MACD shows additional downward trend confirmation.
Comment:
Adding to put position for 3rd time in last 5 days. downward momentum confirmed by declining RSI MACD and volume. Expect sp to be in the low 50s by end of next week. potential to fall into 40s if panic ensues on RH.
Trade active:
Adding to put position for 4th time in last week. target price high 30s.
Trade closed: target reached:
taking profits