NKLA Thoughts?

V

VicBee

Looking beyond the historical saga we are (should) all familiar with. While that history cannot be discounted just yet, I believe there may be great potential with NKLA now that their battery electric and fuel cell trucks are coming out in larger numbers than anyone else's. Sure, Tesla's trucks will likely be the "best of", but the wait time to buy those will be long and fleet buyers may opt instead to buy proven NKLA trucks.

The good news for traders is they've just announced a recall of all their battery electric vehicles due to a coolant leak affecting a few battery cells. As a consequence, the share price will likely drop fairly significantly at open today (Aug. 14), maybe sub 1.80? In any case, share price should recover to mid 2.0 soon. My question is, what are expectations for a 5 to 10 share price within the next 3 years?

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NKLA peaked on Jun 2020.
Since then, mountaineers have been going down the mountain.

Mountaineers started to go uphill on Jun 2023 with a significant increase in volume
(must be due to some major news).
It seems like they are trying to go down to the base camp again.
Now it is a sub-penny stock ie a poorly managed company.



For such a chart, it is rare for it to form twin peaks.
Not all electric vehicle companies can survive although
electric vehicle is the in-thing.


Is it time to go long? No, because it is not on the uptrend.
Is it time to go short? No, because it is too late to short it.

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NKLA is rapidly becoming a favored little darling of piker losers.Kinda like MULN has always been. Ya know,guys in their mom's basement screaming for tendies.
 
tomkat22 said:
NKLA is rapidly becoming a favored little darling of piker losers.Kinda like MULN has always been. Ya know,guys in their mom's basement screaming for tendies.
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NKLA and MULN charts look similar.
NKLA and MULN CEOs/management must have similar competencies/strategies.
 
I had to look up what MULN was! You guys may be right, at least they are complementary companies. Both NKLA and MULN are racing to provide EVs to the CA market as 2035 and the end of combustion engine sales approaches.

Will track both in the coming months. MULN is in the verge of delisting and may become a target for anyone looking to build fleets of commerical vehicles provided the tech is good.
 
why why why? there is a prefect tsla, or gm or f to day trade ev, and add li, nio, xpeng to the list. why bother with pennies.
 
mervyn said:
why why why? there is a prefect tsla, or gm or f to day trade ev, and add li, nio, xpeng to the list. why bother with pennies.
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It's not the amount but the opportunity and the sizing. As expected when I posted, NKLA dropped significantly, to 1.54. it has bounced back, now at 1.79. That's a .25 return in 30 minutes but I'd look to hold it until it hits 3, a 100% return.
Truth is, I had a buy at 1.5 which didn't trigger so I'm now only watching it for fun.
 
VicBee said:
It's not the amount but the opportunity and the sizing. As expected when I posted, NKLA dropped significantly, to 1.54. it has bounced back, now at 1.79. That's a .25 return in 30 minutes but I'd look to hold it until it hits 3, a 100% return.
Truth is, I had a buy at 1.5 which didn't trigger so I'm now only watching it for fun.
More...

but how many shares do you need to make $200 in pennies, when tlsa is moving few bucks a day either way, less than 50 shares.
 
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