First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, NKLA's trend worries me. I was very bullish prior, and if you followed my advice you could have likely seen a decent percentage growth. However, now it is getting to the risky side and I feel like I have more data. Higher chance of it going down to $57 over up to $120. This is what happens when you have really large spreads, it is a speculative stock, volume too high, and people too optimistic. I feel like it is better to take profits and find another IPO or stock to piggy back off of rather than taking the risk. I feel the stats are likely closer to 43% going up, 57% going down. I have also updated my previous position. Sell, sell, sell and mitigate the risk. If I am wrong, I am wrong but the price growth have been too much given the statistics. When things are too good to be true, I don't like pushing luck further than necessary. This is especially true when more info and data is involved.
