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Re: Donotunderstand post# 11706

Sunday, 09/08/2024 7:01:51 PM

Sunday, September 08, 2024 7:01:51 PM

Post# of 12013
Nkla’s previous ceo was sentenced to prison for fraud…it is believed investors at that time lost $660 mil…

Now they did a 1-30 reverse split 2 months ago and are now at a 50% loss from there…

There’s no point in trying to compare Nkla with anyone else…the stock is in the crapper and the company is desperately trying to survive…

This isn’t a bet…it’s a spin of the wheel at 50 to 1…that’s not to say miracles can’t happen…but I think I will wait for that miracle before I even think about buying shares…

Even if I wait that long, I can still make good money…and with a whole lot less risk…

I feel like anyone buying now is just trying to catch a falling knife…
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  • 1Y
  • 5Y
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