IvanLabrie
Long

NKLA: Huge upside with low risk

NASDAQ:NKLA   NIKOLA CORPORATION
We have a nice setup in #NKLA here. I'm already long from lower, but looking to add some exposure to ride this move.
I'm overall impressed with the huge short interest in the stock, it pays off to hold shares in a margin account and lend them to short sellers, while benefiting from this trend.
You can do this with certain brokerage firms that share part of the borrowing costs with share holders, as long as they sit in a margin account, like IBKR for instance.
That said, fundamentals for the company are at the very least interesting, although largely unproven. The CEO does have a big mouth and makes bold claims, but he has a few interesting things to say. I'm giving him the benefit of the doubt with a small position in the stock. Try to keep risk in check...Hydrogen generation is quite low cost, and the long distance efficiency of an EV truck with a relatively light weight FOOL cell I mean fuel cell, is an interesting and potentially profitable proposition. $TSLA is still king when it comes to EV cars though, but good to see some competition in the field.

Cheers,

Ivan Labrie.
Trade closed manually: I am out of all positions for a few hours already, didn't update here before though.
I didn't like the action, and ti seems rightfully so.
I got out at 10:45 EST.
I would advise caution with equities now, indices look frail. Gold is up for the day though, which is interesting, and #BTC seems to be outperforming #SPX today.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Crypto, Equities and Commodities. Contact me here or @ http://www.fb.me/LabrieTrading

Comments

How can NKLA justify a market cap equal to FoMoCo when they have no product, no sales, no factories, no nothing except a design concept? I'm not trying to be snarky, but I just don't see a $25B value. Explain, please? Thanks!
+4 Reply
@jdplus33, Short squeeze? Hype?
Reply
IvanLabrie jdplus33
@jdplus33, it's a short term trade though...hard to justify for sure, but then again, look at SaaS names...some retarded valuations in many things.
Reply
Can you see the trend of BTC? Thank you
Reply
IvanLabrie xumoling
@xumoling, Hi! No, right now it is in a sideways pattern, could go higher if #SPX does go higher, but not sure it can keep going steadily for too long. I would be careful and not size #BTC longs too big.
Reply
low risk?... ja
Reply
IvanLabrie elliotcule
@elliotcule, Trade closed manually: I am out of all positions for a few hours already, didn't update here before though.
I didn't like the action, and ti seems rightfully so.
I got out at 10:45 EST.
June 26th...
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out