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Technology Stocks : Nikola Corp
NKLA 0.0297-1.0%Nov 11 9:30 AM EST
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From: kidl6/16/2020 8:54:14 AM
1 Recommendation

Recommended By
Glenn Petersen

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Nikola: Impending Free Trading Shares Will Cause An Imminent Crash To Less Than $20
Jun. 16, 2020 8:30 AM ET
By Edward Vranic

Summary
I expect NKLA to crash under $20 soon, for similar reasons that saw SPCE crash to about $15 from $40.

PIPE investors in NKLA at $10 are about to be able to sell their stock.

Option traders are betting on an imminent decline in NKLA's stock price.

Warrant arbitrage will lead to more selling pressure on the stock.

Between PIPE shares and warrant exercises, expect NKLA's float to increase from 23 million to close to 99.4 million over the next month.

More: seekingalpha.com
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