I was right to switch off from being bullish
on Nikola to bearish
right at the extremely profitable point. Now if you looked at some posts I made about Nikola on July 1st
, you can see how I was very skeptical. I was already noticeably bearish
prior, but after doubling down on my point, Nikola have immediately dropped down by -24.46% as of now. Many people were expecting it was on a route to positive retracement and some amateurish traders called me out for being very bearish
. This serves as a lesson to not be overly speculative and value companies way more than they should be without brand equity. As always, this is on an opinion based basis, please don't take anything I say seriously or as financial advice. Pursue investments at your own risk.