Well Nikola is a classic example of what happens when a scam gets too big.
Newbie investors hop on board, who are misinformed and think, basing their opinion mostly on mainstream media articles, that Nikola will be the next Tesla.
Unfortunately the mainstream media is totally clueless, and it becomes more and more apparent that Nikola is and has been an elaborate scam from the beginning.
The latest Hindenburg report and the very lackluster response from CEO Trevor Milton speak volumes.
Then SEC and now even the DOJ are investigaten Nikola for securities fraud.
The stock will do a classic ABC corrective structure, and will collapse down to 10 USD.
What happens then depends on how the affair will be resolved. But we assume that Nikola will end up getting completely hammered, and the CEO will end up facing
criminal charges, possibly even jail, thus the stock will pull a wirecard on us.
That's just my opinion, so as always, please do your own research when investing or trading.
Newbie investors hop on board, who are misinformed and think, basing their opinion mostly on mainstream media articles, that Nikola will be the next Tesla.
Unfortunately the mainstream media is totally clueless, and it becomes more and more apparent that Nikola is and has been an elaborate scam from the beginning.
The latest Hindenburg report and the very lackluster response from CEO Trevor Milton speak volumes.
Then SEC and now even the DOJ are investigaten Nikola for securities fraud.
The stock will do a classic ABC corrective structure, and will collapse down to 10 USD.
What happens then depends on how the affair will be resolved. But we assume that Nikola will end up getting completely hammered, and the CEO will end up facing
criminal charges, possibly even jail, thus the stock will pull a wirecard on us.
That's just my opinion, so as always, please do your own research when investing or trading.
www.nytimes.com/2020...-milton-resigns.html