Nikola Corporation (NKLA)

16.51
NASDAQ
Prev Close 17.01
Day Low/High 16.25 / 17.15
52 Wk Low/High 9.37 / 76.30
Exchange NASDAQ
Shares Outstanding 393.85B
Market Cap 6.70B
Div & Yield N.A. (N.A)

Faced with a pandemic and charged with running a behemoth of an industrial corporation, CEO Mary Barra did her job well.

The simple fact is you'll rarely call tops or bottoms but recognizing trends and changes in trends is a key to survival.

TSLA has had the premium EV market virtually to itself for 3.5 years and should be printing profits, but it's not.

Let's check out the charts of HYLN.

To see the immediate selling in the stock on the off chance Hindenburg's report could possibly be on SPAQ is downright scary.

I'm lookin' for love in all the right places with these lagging stocks.

* Some laggards that I have been buying "Well, I've spent a lifetime lookin' for you; singles bars and good time lovers were never true. Playin' a fools game hopin' to win; and tellin' those sweet lies and losin' again. I was lookin' for love in all...

With the stock rallying, shorts were forced to cover, which pushes NKLA higher, causing more coverage.

Jim Farley must walk a fine line of adapting to new realities, maintaining Ford's fortress balance sheet, and keeping the family happy. Here's my take on the name.

Is this horse getting tired after a 750% gallop in 2020?

Walmart is a beautiful thing to watch (up by another +$3 today) And so is our Trade of the Week, Amazon (+$43/share today). Twitter and Alphabet ain't half bad, either! (+$3), a recent buy, recovering from yesterday's weakness. is jiggy. (The Smarte...

* Last night I shorted Zoom at $497/share From last night:  Sep 23, 2020 ' 06:53 PM EDT DOUG KASS Shorting It Out After Hours I am shorting Zoom (ZM) in the after hours. More on Thursday. Position: Short ZM   The newest "shiny object" that the retai...

We've entered no man's land as we head toward the downhill slope of the week.

The warrants are trading at a fairly heavy discount.

Just as Hindenburg raised key questions about Nikola, short sellers can help you think about your own stocks -- and whether you're getting taken for a ride.

The charts and indicators of NKLA look bearish.

I think that when I see the kind of across the board give up as we have today, I think it's healthy not toxic.

Can you close long puts in the pre-market? This could apply to calls as well, but the blunt answer is no, you can't.

Being scared of a pullback isn't 'expensive' or 'stupid'. It's just good investing.

Bidding for more General Motors . While the Nikola investment is embarrassing it has little consequence to GM's operations or finances. GM is trading at $29.80 now. It's my Trade of the Week.

I cannot invest in the name. Now, trading is different. If one were to try a swing trade or speculate, I am not getting in the way.

* Staying flexible, unemotional and opportunistic * Bear Markets don't travel in a straight line - this one will be no different   Besides the passing of Justice Ginsburg, the market is faced with a number of new challenges this morning:  * Nikola's...

Momentum and trend are key with this type of stock, so it is essential we see that continue.

I have sold out my Nikola trading long rental for a small profit. The accumulating news flow (both DOJ and SEC investigations) have put even more "hair" on this trade.   I made +$9 in one day abut a week ago - it is time to rest on those laurels.   ...

While I like getting involved in volatility, I don't see any edge here, only the potential to see things go ... rolling down hill.

At 6:30 am S&P futures were +21 handles and Nasdaq futures were +95.  While I continue to look for lower highs, I remain net long, now medium-sized, given the time (abrupt) and magnitude (around -10%) of the market swoon in the last 1 1/2 weeks.  To...

Stocks are reasonable. Or even cheap. There will be more sell-offs ahead but remember this day and do not get too negative.

No trades since the last Nikola tranche.  

Despite the rise of over +$5/share, I am not selling yet.    

I added further to my trading long rental under $29 just now.  I have a stop loss at $27.75 on half my rental. Lower slightly on the balance.  

GM Stock Is Roaring, Here's a Trade Idea

GM Stock Is Roaring, Here's a Trade Idea

Faced with a pandemic and charged with running a behemoth of an industrial corporation, CEO Mary Barra did her job well.

If You See an Iceberg Isn't it Time to Abandon Ship?

If You See an Iceberg Isn't it Time to Abandon Ship?

The simple fact is you'll rarely call tops or bottoms but recognizing trends and changes in trends is a key to survival.

Here's the Bottom Line on Tesla

Here's the Bottom Line on Tesla

TSLA has had the premium EV market virtually to itself for 3.5 years and should be printing profits, but it's not.

Electric Slide: EV Stock Hyliion Could Fall Much Further

Electric Slide: EV Stock Hyliion Could Fall Much Further

Let's check out the charts of HYLN.

With Spartan Energy Acquisition, Logic Takes a Backseat to Emotion

With Spartan Energy Acquisition, Logic Takes a Backseat to Emotion

To see the immediate selling in the stock on the off chance Hindenburg's report could possibly be on SPAQ is downright scary.

Kass: I'm Lovin' These Laggards

Kass: I'm Lovin' These Laggards

I'm lookin' for love in all the right places with these lagging stocks.

Looking for Love in All the Right Places

* Some laggards that I have been buying "Well, I've spent a lifetime lookin' for you; singles bars and good time lovers were never true. Playin' a fools game hopin' to win; and tellin' those sweet lies and losin' again. I was lookin' for love in all...

'Squeeze' a Profit Out of Nikola With This Trade

'Squeeze' a Profit Out of Nikola With This Trade

With the stock rallying, shorts were forced to cover, which pushes NKLA higher, causing more coverage.

Ford's New CEO Must Now Reckon the Number of the Beast

Ford's New CEO Must Now Reckon the Number of the Beast

Jim Farley must walk a fine line of adapting to new realities, maintaining Ford's fortress balance sheet, and keeping the family happy. Here's my take on the name.

Workhorse Has Been a Big Winner in the EV Field: Here's My Trading Strategy

Workhorse Has Been a Big Winner in the EV Field: Here's My Trading Strategy

Is this horse getting tired after a 750% gallop in 2020?

Some Individual Stock Observations

Walmart is a beautiful thing to watch (up by another +$3 today) And so is our Trade of the Week, Amazon (+$43/share today). Twitter and Alphabet ain't half bad, either! (+$3), a recent buy, recovering from yesterday's weakness. is jiggy. (The Smarte...

Zoom Is Not the Next Amazon

* Last night I shorted Zoom at $497/share From last night:  Sep 23, 2020 ' 06:53 PM EDT DOUG KASS Shorting It Out After Hours I am shorting Zoom (ZM) in the after hours. More on Thursday. Position: Short ZM   The newest "shiny object" that the retai...

I Don't Like What I'm Seeing

I Don't Like What I'm Seeing

We've entered no man's land as we head toward the downhill slope of the week.

I'm Spying a Play on Graf Industrial via the Company's Warrants

I'm Spying a Play on Graf Industrial via the Company's Warrants

The warrants are trading at a fairly heavy discount.

Jim Cramer: Short Sellers Can Be Your Investing Safety Belt

Jim Cramer: Short Sellers Can Be Your Investing Safety Belt

Just as Hindenburg raised key questions about Nikola, short sellers can help you think about your own stocks -- and whether you're getting taken for a ride.

Nikola's Gains Since April Could Be in Jeopardy

Nikola's Gains Since April Could Be in Jeopardy

The charts and indicators of NKLA look bearish.

Jim Cramer: Guess What? It's Not 1999, So Start Some Buying, Not Some Selling

Jim Cramer: Guess What? It's Not 1999, So Start Some Buying, Not Some Selling

I think that when I see the kind of across the board give up as we have today, I think it's healthy not toxic.

The Biggest Takeaway I Have for You in 2020? Learn My Hedging Approach

The Biggest Takeaway I Have for You in 2020? Learn My Hedging Approach

Can you close long puts in the pre-market? This could apply to calls as well, but the blunt answer is no, you can't.

What's Happening Now Is a Change in Institutional Investor Mindset

What's Happening Now Is a Change in Institutional Investor Mindset

Being scared of a pullback isn't 'expensive' or 'stupid'. It's just good investing.

Trade of the Week (Long GM $29.80)

Bidding for more General Motors . While the Nikola investment is embarrassing it has little consequence to GM's operations or finances. GM is trading at $29.80 now. It's my Trade of the Week.

Nikola Might Be a Lottery Ticket, and Most Lottery Tickets Lose

Nikola Might Be a Lottery Ticket, and Most Lottery Tickets Lose

I cannot invest in the name. Now, trading is different. If one were to try a swing trade or speculate, I am not getting in the way.

My Market Strategy

* Staying flexible, unemotional and opportunistic * Bear Markets don't travel in a straight line - this one will be no different   Besides the passing of Justice Ginsburg, the market is faced with a number of new challenges this morning:  * Nikola's...

Let's Give NIO Time and Consider Using That as a Potential Advantage

Let's Give NIO Time and Consider Using That as a Potential Advantage

Momentum and trend are key with this type of stock, so it is essential we see that continue.

Out of Nikola

I have sold out my Nikola trading long rental for a small profit. The accumulating news flow (both DOJ and SEC investigations) have put even more "hair" on this trade.   I made +$9 in one day abut a week ago - it is time to rest on those laurels.   ...

I Wouldn't Back Up the Truck for Nikola Stock Right Now

I Wouldn't Back Up the Truck for Nikola Stock Right Now

While I like getting involved in volatility, I don't see any edge here, only the potential to see things go ... rolling down hill.

Yesterday's Moves and My TacticaI Strategy

At 6:30 am S&P futures were +21 handles and Nasdaq futures were +95.  While I continue to look for lower highs, I remain net long, now medium-sized, given the time (abrupt) and magnitude (around -10%) of the market swoon in the last 1 1/2 weeks.  To...

Jim Cramer: Is This Market Undervalued?

Jim Cramer: Is This Market Undervalued?

Stocks are reasonable. Or even cheap. There will be more sell-offs ahead but remember this day and do not get too negative.

Trades

No trades since the last Nikola tranche.  

Holding Onto NKLA

Despite the rise of over +$5/share, I am not selling yet.    

Adding to NKLA

I added further to my trading long rental under $29 just now.  I have a stop loss at $27.75 on half my rental. Lower slightly on the balance.