Nikola Corporation

[CharlotteIG]

It makes battery-electric and hydrogen-electric trucks and gained 20% on Tuesday after doubling during Mondays trading session. 

 

Some of Mondays surge came after a Tweet from CEO  Trevor Milton 

 

Is this something worth investing in or will the bullish movement be short lived?

[dmedin]

It made a promising move in the middle of May.

Best to set up stock screeners to scan the market for stocks that are potentially building up big momentum, to try and catch them before they make a big move.

Would have thought the best is over for now?

[InvesterNick01]

It would of been good as a swing trade..but as a long term investor i would not buy, .lots off ppl will cash out.. Is it worth investing in?, it is highly speculative and has many red flags. ie

 

1. Actually Makes no vehicles right now. ( No proven track record)

2. Reservations quoted are really not certain, has no deposit has to be put down!

3 Ceo does not have a good track record and will step down and become chairman . New ceo

4 I dont think they will be cost competitive with tesla who has a proven track record

5. Many claims of battery tech but no end product..results in the lab do not always translate to production.

 

[dmedin]

Buy?

Edited June 16, 2020 by dmedin

[dmedin]

On 09/06/2020 at 16:17, dmedin said:

stock screeners

I keep meaning to learn how to use ProBuilder and ProScreener (which are included in ProRealTime) but I spend all day looking at charts instead

[dmedin]

Weekly pivots look more sensible, this is probably going to correct a bit but might well keep on rising?

[dmedin]

Them's good eatin', Peregrin Took

[CharlotteIG]

What to expect from Nikola's first earnings?

• Nikola reports earnings for the first time since the IPO this Tuesday after the US close
• Shares already popped this week, rallying by more than 20%, after Deutsche Bank issued a short-term 'buy' rating

https://www.ig.com/uk/market-insight-articles/what-to-expect-from-nikolas-first-ever-earnings-report--200804?CHID=9&SM=TW&REF=IGTV

[dmedin]

If it closes above $40, go long till $60 🤡

[Kodiak]

The chart looks like a daily option on Dow🤠

 

[dmedin]

https://www.marketwatch.com/story/nikola-stock-falls-7-after-electric-vehicle-makers-wider-q2-loss-2020-08-04

Short to $20 then 🧐🤡

Notably, the stock isn't available to trade during extended hours on IG's SB/CFD platform?

Edited August 5, 2020 by dmedin

[dmedin]

Cripes Eileen🤪

 

[dmedin]

You cannot sell this market to open