Why Is Nikola Stock Dropping? Nikola [NKLA] Stock Is Falling Again After Getting Struck by an after hours Onslaught. Stock in Nikola dropped to $41.78 to close out the week. Last week, Ed Vranic from Seeking Alpha wrote an article on Nikola Corporation (NKLA) titled "Nikola: Impending Free Trading Shares Will Cause An Imminent Crash To Less Than $20". Just as it came out, the company filed an S-1 to register 53,390,000 shares related to the PIPE financing at $10 and 23,890,000 shares related to the exercise of warrants from the old VectoIQ shell. Despite this, so far the stock has managed to stay solid above $50 but once the S-1 became effective Friday, the drop started and I expect it to continue Monday morning.
๐๐๐ Big shout out to our first 5 Patreons: Mark Dixon, Daniel Johnson, Stephen Barnes, Sheri Morgan, SC and Survive R, for making this video possible! For those of you want (and can) support our channel, here is how you can help: https://www.patreon.com/user?u=13016082
Ed Vranic from Seeking Alpha Articles can be found here:
https://seekingalpha.com/news/3592384-nikola-tumbles-18_4-on-share-offer-filing-company-holders
https://seekingalpha.com/article/4355341-nikola-sminus-1-filing-is-ticking-time-bomb-for-longs
๐๐๐ Big shout out to our first 5 Patreons: Mark Dixon, Daniel Johnson, Stephen Barnes, Sheri Morgan, SC and Survive R, for making this video possible! For those of you want (and can) support our channel, here is how you can help: https://www.patreon.com/user?u=13016082
Ed Vranic from Seeking Alpha Articles can be found here:
https://seekingalpha.com/news/3592384-nikola-tumbles-18_4-on-share-offer-filing-company-holders
https://seekingalpha.com/article/4355341-nikola-sminus-1-filing-is-ticking-time-bomb-for-longs
Wtf Tom I got a London Real before the video!
Nikola is trashhh……BUY SHLL!!!!
The stock didn't go to 0. It's still has some value. I appreciate the analysis tho
I was sweating after I bought at a slightly high-ish price. But today it went to $36 and I just bounced! $2 loss I'll take it. Didn't know what I was getting myself into lul.
"Nikola: Respect the Hustle." New Slogan! Haha
I bought a $29 Call exp 7/31 for NKLA. Im gonna cash in big time this week when the noobs buy the dip.
I agree with you on Nikola. I disagree with you on Tesla. Tesla changed the industry. Nikola is vaper. No comparison.
Nikola = Theranos
Just read its Twitts on Twiiter, Trevor behaves like some narcissistic idiot who refuse to accept opinion of others…
By the end of the year Nikola will go 0 $ and Trevor will go to jail….
Buy more dip
you dont know what you talking about ….
Milton is a fraud. He will sell enough stock so he will be set for live. BTW… The stock did drop today!
Here from the future. Spot on.
The IPO is a bad timing if they really wanted to produce anything. They should secure the land for factory and build a working prototype pickup truck before. Now they have to wait a long time before any of that to happen. The market doesn't like to wait forever.
What site are you using to see who is selling shares on the same day? Thanks for the video
I'm basically screwed. Have a huge holding 215 shares at $59. I'm completely wrecked
We just call it a 'baseball'.
Is Hayden Bowles a scam?
I have a buy order at $12.65 and I hope to buy a few hundred shares on Friday!!!! โ
I love baseballball
I have 24 shares in NKLA and its pointless to sell now, I'm already fucked. My philosophy is that selling a losing share guarantees a loss whereas if you hold money that you can afford to lose it may turn around. I'm hoping if I hold that it will turn around but I suspect Nikola is nothing more than Theranos 2.0…. I've been duped and I fell for the bait.
Badgers? We don't need no stinkin' badgers!
What happened to that baseball ball man?
Trevor should covert his company to a marketing/advertising company… They almost convinced me to buy their shares by looking at their videos!
XD