I'm making this post in retrospect, I'm shorting NKLA from 7.2.
As a chemist, I can guarantee you that they will fail in their intent, and cannot deliver things that are impossible. Even if they stretch themselves to deliver, the product will be a worthless piece of sh1t.
This could still drive the stock up, because degenerate "investors" could pump it up short term based on news, but the inevitable future of this company is just failure.
I intend to short it until it fails completely.
My leveraged position is structured of a regular 1:1 leverage and 5x leverage (my personal risk tolerance).
Don't be a complete degenerate, and calculate your personal risk tolerance. Also, don't put more than 10% of your portfolio on risky bets that could explode when cult followers make retarded moves. Nobody can survive that, no matter how right they are.
But in the end, I'm right.
Trade closed manually
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I am done shorting because I need money for other stuff :)
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I'm moving 100% of all my assets and savings into Bitcoin. By the end of 2023. I will close all my bank accounts forever. Also migrating all my business to the Bitcoin standard. The race is over, Bitcoin won.
As a Chemist you forgot to take into account that the price of hydrogen will meet the market on it's own terms, therefore making this and other fuel cells viable.
josip
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@morvwoc11, No, hydrogen is very difficult to store and is much more useful for creating hydrocarbons. You can dismantle long hydrocarbon chains (oils and tar) and with the addition of hydrogen, create shorter chains (gasoline, diesel etc.) which are more useful than hydrogen itself.
In fact, most refineries do that. The process is called cracking.
@josip Do you really think hundreds of people are investing endless time and money into something that is impossible? Because you say so? Who are you even?
josip
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@SDlektric, I am a person with a very good understanding in Chemistry and Physics. And also the economy... And also electronics... And many other things....
tomnguyen0820
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I think you should short now. Hahaha I am long as of now
josip
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@tomnguyen0820, Don't buy this company. Maybe you get a short-term gain if the liquidity hits the market, but I assure you that fundamentals are rotten. I just had better options to play, that's why I stopped my trade.