I will assume most if not 90% of the purchases are TRADES - in at X and out at 1.10X ?
Who - I am serious - who would buy to hold at 2.50 --- knowing its 99% certain that NKLA will be out there trying to raise another 400M of cash - maybe with 200M share offering or maybe with 300M or 400M
I bought to hold - at low but not crazy single digit and I am holding through this period of good news but no cash ----- speculation
Who would buy at 2.50 if they expect it will go to say 1.75 on dilution unless they SEE SERIOUSLY big things ahead and assume - believe we are not going lower than say 2.25 on the way to say 10 fully diluted (e.g. if I had a hint that company ZYB is interesting in buying NKLA at say 6-7 pre dilution type price - then I would buy here ---- otherwise why not wait for the diluted share price to buy shares? (again - I assume 90% or more is trading - maybe its 99.9%? with a good number of current owners - putting the shares away to see what happens in 12-24-36 months (and enjoying posting on the upside volatility ?)