@NewYork888 - I'm curious if your $14 entry is still valid on this. Some of your posts from late 2020 were premised on a substantial market decline which certainly looks to be coming to fruition as there does seem to be topping patterns (or close enough) on the S&P500 and NASDAQ.I understand this post is aged - just curious if you would share your view as a see I this particular stock and others going under $14, especially in light of your Tesla/Apple posts earlier today.
As always appreciate your insight.
NewYork888
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@craic777, Hi well here we are at the $14 i had actually forgot about this but no we would not buy this name here nothing above $9 but who knows I just dont like the looks of this here but at i might lol Good luck
astoinis
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@NewYork888, i would wait to see if this price holds. Look for a strong bounce tomorrow, if price holds, price may be bottoming. here are my thoughts on this....im very interested if this doesnt drop, and can continue to pass the big yellow trendline
NewYork888
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@astoinis, TY for the comment but the issue this chart doesnt show you is that the S&P is topping watch what happens to this name on the real pullback Good luck
craic777
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@NewYork888, Thanks for your thoughts -- I agree on the price. As always appreciated.
NewYork888
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@craic777, p.s Cathi Wood says this name goes to zero now it could go to 100 first but i consider her the best investor in the world so who knows with this name at 9 we take a shot and sell puts which is a long trade - good luck
andyscappinimon
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GM or any other suppliers have no power over NKLA if they will run out of cash and the institutional investors will cash out billion of warrants in December, the stock will be plummeting to 0, any other bullshit news it's just a temporary spike to pump it up.
NewYork888
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@andyscappinimon, GM has no power really? Were you in the talks and in the room when the deal was signed? If so enlighten us please. NKLA was headed to 0 that is no longer the case. GM will NEVER let this company go BK - EVER. @dRends35
andyscappinimon
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@london55555, First of all there is no deal yet as it has been delayed and the likelihood that will be revised to detriment of NKLA is probable. Then you should not limit yourself just by reading nice catchy titles but actually read whole articles that explain in detail what the agreement would entitle which is not so bullish for NKLA !
NewYork888
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@andyscappinimon, Have you even looked at NKLA balance sheet? My guess is no you havent have you? Goodbye
As always appreciate your insight.