Volume is actually light today, which makes this run seem iffy
cbblack007
Posts
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Of course everything else is going down because of the Pfizer news and this hits a new daily high, but of course there’s nothing to see there
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The “news” is a recirculated article from Sept 8, spokespersons from both GM and NKLA have confirmed that there are NO UPDATES to their relationship
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Stimulus DOES affect this, no extra money to go out to the movies, kinda obvious
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Saturation coming tomorrow!!
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Worthington has 7 million shares that it can sell 10/1 due to a partial lockup expiring. You can bet every penny you have they will sell all 7 million. That should make Thursday very interesting. They originally bought a little over 19 million shares for, get this, 2 million dollars. They sold all of their 5 million share allotment when the initial lockup expired on July 8, for $237.8 million. Assuming a $18 strike price, they would get $126 million for the dumping they will most certainly do. On Thursday. So $363-ish million for a $2 million investment, not bad. Plus they still have a lot of shares remaining. So one of the original investors is unloading everything they are allowed to as soon as they can, is that a good sign?? I don’t think it is.
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My guess is that if GE was going to pull out it would be today rather than tomorrow, just my 2 cents
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Gotta feeling there is bad news coming soon
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Technicals don’t matter!!
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Well, that pre-DOJ involvement
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Wow, you can barely tell that the stock was being propped up!
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Can’t wait to see the SEC filing from today showing how many shares $NKLA folks, especially Milton, bought. I’m sure it’ll be a lot more than you think!!
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Please stop saying that the SEC investigation was triggered by $NKLA calling them, it wasn’t. $NKLA contacted them originally to basically say that some mean man was saying hurtful things about them. The factual findings in the report then lead the SEC to start digging for info themselves, AKA an investigation. Those were 2, yes 2, completely separate events.
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Yes, Nikola contacted the SEC after the report came out to basically say “this mean man is saying bad things” but after seeing the report the SEC decided to investigate. So 2 different interactions completely.
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And that wont even be the low!!!
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We are about to see the 860s!!
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888 then the real fun begins!!!!
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About to get real interesting!!!!
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885 next
DDD
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