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lillybear
Oct 28, 2020 3:36 PM

Is this the Bottom? Long

Description

Bottom Hammer
Bellow IPO Price of $10
Super Over Sold
Market Cap 700M and they just received 1Bln in cash from merger with Fisker

Seems like good (long) up to $11-$12 on bounce atleast.

Market is currently turning down though. What do y'all think?
Comments
WhiteHuracan
SPAQ FSR 🚨SCAM ALERT🚨 ONLY BUY SHARES When you see a open market buy from @henrikfisker or @BillRMcDermott in a form 4.

All words and no skin in the game.
DP303
I think it's going to have to go lower. The chart is still terrible and I don't see a flood of money coming in from retail investors yet. There are still a ton of shorts raking it in. A lot of the major news has been delivered except the batteries which everyone knows will be good info considering he said it' s two major suppliers (priced in). The only way I see it turning around is if the big boys stop and and flip flop because of the merger and the billion dollars. At some point the price gets so low people won't be able to resist. It'll be interesting to see how it plays out though.
czar0869
@DP303, as interesting thought - Magna has impressive operations and with GM backing NIKOLA its seems as there is a run for the stock. Two different technologies Fuelcell and Electric Vehicles.
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