Nkla
NKLA: Huge upside with low riskWe have a nice setup in #NKLA here. I'm already long from lower, but looking to add some exposure to ride this move.
I'm overall impressed with the huge short interest in the stock, it pays off to hold shares in a margin account and lend them to short sellers, while benefiting from this trend.
You can do this with certain brokerage firms that share part of the borrowing costs with share holders, as long as they sit in a margin account, like IBKR for instance.
That said, fundamentals for the company are at the very least interesting, although largely unproven. The CEO does have a big mouth and makes bold claims, but he has a few interesting things to say. I'm giving him the benefit of the doubt with a small position in the stock. Try to keep risk in check...Hydrogen generation is quite low cost, and the long distance efficiency of an EV truck with a relatively light weight FOOL cell I mean fuel cell, is an interesting and potentially profitable proposition. $TSLA is still king when it comes to EV cars though, but good to see some competition in the field.
Cheers,
Ivan Labrie.
OPENING: NKLA JULY 17TH 55 SHORT PUTfor a 21.95 credit.
Notes: High rank/implied after going public (134/328). Cost basis of 33.05 if assigned on the 55's. The July at the money 80 short straddle is paying around 60.00 relative to a share price of 81.33 or about 73.8% of the share price, which doesn't happen very often ... .
CNHI Owns 7.11% of NKLA - Weekly Chart Bullish, UndervaluedFolks, this news is listed under Worthington Industries (WOR) trading at $35.24 with a small market cap of only $1.96 Billion
"KeyBanc Believes Recent Nikola Motors IPO Creates Added Source Of Potential Liquidity Value For Worthington Industries, Says 'While WOR has limited materials content/ties to Nikola itself, the Company owns 19M shares of the stock..."
Worthington Industries only has $103.43 million on hand (Source: Yahoo Finance) - Current Ration: 2.15
CNHI Industries has $3.51 Billion on hand (Source: Yahoo Finance) - Current Ration: 3.61 (Very Strong Financially)
If KeyBanc thinks Worthington Industries is a good investment because of the 19 million shares of Nikola they own, imagine what CNHI is worth owning over 25 million shares of Nikola and a market cap of over $10 Billion?
I am re-posting this because I truly believe investors are missing the boat by not buying CNHI at its undervalued price of $7.00.
On 3/26/2020, Worthington Industries reported earnings...Horrible numbers they were... Q3 EPS $0.27 DOWN FROM $0.46 YoY, Sales $746 M, MISSED $775.5 M Estimate.
On 5/6/2020, CNH Industries reported earnings...Q1 Adj. EPS $0.060 Misses $0.070 Estimate, Sales $5.500 BILLION BEAT 5.340 BILLION Estimate.
We are talking about a company, CNH Industries, with billions of dollars in sales, and owning over 25 million shares of Nikola and sitting at $7.00 today.
The logic is so disconnected, it's amazing.
Today, with the market down, investors were slowly accumulating the stock of CNHI. I truly think the stock will spike soon given the partnership CNH has with Nikola and the 25+ million share ownership they have.
In the KeyBanc notes, they tell investors Worthington Industries has "NO TIES" to Nikola, they just own 19 million shares.
CNHI is a partner with Nikola in the electric truck development and in the charging stations rollout. CNH Industries has strong ties / connections to Nikola and will be the company to benefit, not Worthington.
You cannot compare a company with $775 million in sales trading at $35.24 with a company that has $5.500 Billion in sales trading at $7.00
The weekly chart on CNHI looks Bullish
It's just a matter of time, I think CNHI is going to double if not triple.
Long!
Bitcoin about to make a run?Hi, so I took profit on nkla, yet still think theres more movement head but that might be till the end of next week I'll go look into it. With todays drop on the panic of apple news I bought the dip into NCLH and into litecoin. Why did i get into crypto now? Well its uncertain the ripples of what apple's news and the virus will do plus as you see later on the TA it looks like we might have support. Also congrads on who bought the dip on my last call. You could have got the full 10%, yet with the zones it was in between the 7-10% dump. Again TA is not always on point and can change in a moment of time.
TA as you can see we are building support around the 9288 range and it looks like a head and shoulders play that might be playing out.
-Points of interest to look for is 9563,9713, and the 10k range.
-the MACD look like it wants to go bullish
-RSI is oversold by a hair
Final thoughts
I'm looking for movement in litecoin's USD value and see that bitcoin has a potential run up soon, which would affect LTC usd value. NCLH was bought on the dip after a 7% drop, yet in my opinion NCLH is better than CCL. I'm again watching for more upside in NKLA, but I would like to chance opportunity where I see it.
Signals For 18/06/2020Hey guys, me again, here are my ideas for the next session
EURUSD – The price is in an important level at 1.1250, so let’s wait for a reaction, if it holds above, long with a target at 1.13, and if it holds below, short with a target at 1.1150.
GBPUSD – I expect for the price to breakout the level at 1.25, after which you can short with the first target at 1.2450, and the second at 1.24
AUDUSD – the price’ll probably bounce from 0.69 and that will be a good opportunity for a short with a target at 0.68.
Oil – I expect a false breakout of the range between 39 and 37.50, if that happens, short, with a target at 37.50.
XAUSD – There was an impulsive breakout of the range it was in, which is a very bullish signal. Lets wait for a pullback and enter long with a target at 1745.
WORK – the price held above a level at 30, and is trying to hold above 32,, so I recommend a long with a target at 34
NKLA – I recommend a short, first target at 60, and the second – 52.
That’s about it for today guys, I hope you found it useful. Have a good one.
$NKLA Sets Up Range Trade with Useful Shakeouts to ComeNKLA is one we covered a few days ago. We suggested a long off the pullback to the $22 area in mid-May, and then suggested ringing the register after the breakout on June 8.
That means traders should have sold the June 9 open, which locked in prices above $90. From here, we would look for a range trade likely to retest the $50 area, which may set up well for a new shot when it happens.
NKLA breakout tomorrow?Hello, today I would like to go over NKLA and what I believe in the company.
First NKLA and TESLA can coexist in the same place, neither one or another is better than the other. They just chose to tackle the problem in a different way. NKLA makes the argument that their business model will be more cost affective for consumers than TESLA approach with regulatory problems with electrical cars. When travling you might pay less or more depending on the state lines you are in with eletrical cars not much different with gas right, well it cuts the cost of fossil fuels so its a win, yet NKLA wants to even the playing field cutting the cost across all fuel recharge stations through its hydrofuelcells, also you can get a hybrid of hydrofuelcell or electrical truck if you want. Now NKLA stated that it isn't here to take over TESLA market, it only wants to focus on commercial trucking and will have a consumer heavy duty truck, which is the only competition with TESLA. Commercial trucking makes up alot of pollution in on the roads, so they are trying to solve the commercial problem as of TESLA solves the consumer problem, so win win.
News
NKLA is show casing its consumer truck, which is a mix of the F-150 and cybertruck, yet more modern and update looking compared to the cybertruck. (don't get me wrong TESLA has a solid truck and looks great, but from an ad perspective i go with NKLA in a modern feel to help get people that love trucks into electrical and clean energy vehicals. Plus they might not feel so silly driving a cybertruck as we transition.)
TA
Right now we could suspect a breakout tomorrow, yet the problem with whats happening is the short positions are growing at an alarming rate. Whos shorting this? Well you got insitutions betting on TESLA over NKLA, TESLA investors, and many analysis that just don't understand. Also before it was known as NKLA it was launched at around $9 and has been rising ever since unlike SPCE, yet it never launched as NKLA until a few weeks ago.
-RSI is over sold, yet not overlly oversold
-MACD has turned bullish
-We are holding the 50ema as support
-If you do want to buy and are too scared to go all in or whatever I do give a range of 62.95-65.59. a break above 69.89 could cause a major breakout hitting 73
Final thoughts
This is a very speculative asset and it best to buy in a few shares. I give the price target of eoy at 200 dollars (this guy is crazy), yet hear me out. We are gonna see the consumer truck at the end of this year, bullish, by the end of year in fall I do suspect us to get the numbers of how many orders they have for 2021 production, and last there is small chance that the consumer truck may come out early if they are show casing it now, may be a summer or fall 2021 release. For now I'll go lone and swing trade with other stocks like NCLH and SAVE.
Parabola Always Behave The Same (NKLA example)Parabola always behave the same.
Smart money and whales always behave the same.
Human behaviours always behave the same.
There are great companies, there are good companies, there are frauds.
I don't have time to talk about fundamentals.
Technically, every parabolic move behaves the same away.
If you don't get it. Please, don't touch the financial market.
It's all about risk management. I don't care if you like to short a parabolic move. It's the same idea as trying to catch a falling knife of a bankrupt companies.
It doesn't matter.
If you don't manage risk, say goodbye to your wealth and maybe your life ,especially if you don't have any life purposes other than buying big houses and lambos.
Regards.
P/S: Don't message me or try to contact me. I don't read any messages. i don't have time. Sorry. Go figure out things yourself.