Play with the trend. We are and a reversal from bulls is unlikely unless they start announcing major product development. Entered at 19$ but there is still room to drop that dump and forest Gump.
Extreme valuations and fairy tales are what drove this stock up.
Yes, I am taking the contrarian option but people will always short this stock so why not join the wave.
900M in cash, spent 1/3 of that in a year. Trying to raise 100M by selling the stock at its lowest and the lockup period expires next month.
Something seems off.
Of course, this could all be wrong but know anything can happen in this bloodbath. If you are holding those bags of NKLA and it doesn't feel right, cut it loose. Move on, and stop allowing money to emotionally control you.
As Bobby Axelrod states, "I don't lie to myself, and I don't hold on to a loser."
And from what I hear in R/NikolaCorporation there are a lot of mixed emotions.
(Disclaimer not financial advice just opinions)