Chris Black

Volume is actually light today, which makes this run seem iffy

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

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

Stimulus DOES affect this, no extra money to go out to the movies, kinda obvious

Saturation coming tomorrow!!

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.

My guess is that if GE was going to pull out it would be today rather than tomorrow, just my 2 cents

Gotta feeling there is bad news coming soon

Technicals don’t matter!!

Well, that pre-DOJ involvement