Almost sold NKLA but didn't beat the bell.

ANGELS AND MINISTERS OF GRACE DEFEND US
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Change of heart on NKLA?!?!
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"Buy the dip and get ready! We're going to the moon!"
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It's going back up but I'm scared now. Feel like I should take my gainz.
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Everything Musk does is carefully crafted for his oddball image. Covid turned out great for Tesla, as it slowed/stopped Ford's long anticipated grand entry into electric vehicles. Ford's new electric vehicles will be years ahead of the overpriced trash Tesla is peddling. But, Tesla has a $$$ cult following, and Musk can do no wrong. Giant pyramid scheme on the part of major stockholders, if you ask me. Yes, I think Tesla will fail, too.
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NKLA IS BACK BABY
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Pumping and dumping their own stock.

Classic.
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Ford's SUV is not anywhere close to being the value proposition that a Model Y is right now. Wait until the base model y is unleashed. And the cyber truck. Don't forget in Sept, they have a major battery announcement. Did I mention they have the best charging tech and network in America? Auto makers are almost a decade behind Tesla in tech right now. They are appropriately valued until the market at large can compete.
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So I bought some NIO last year. For most of the time I've had it, it had stayed well below where I bought it (60% loss).

I sold it recently when it got to my break even level in the $5 range because I thought it would sink again. Boy was I wrong. It's closing in on $15/share today.

Sent from my SM-J737T using Tapatalk
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I've seen this euphoria 2 or 3 times before and it never ended well.

NASDAQ is in a massive bubble......

CAUTION is the word of the day........good luck to you all.
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hey lewdog


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I’ve 90% got realized gains from a company based on pure speculation.

I’m not looking for many long term holds in a market set for a downturn. You could see your down payment money evaporate by years end.
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Maybe you can buy back at 60 :-)


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:-)


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There’s no way we don’t see a big downturn in the next year.

Timing that is hard though so I’m taking chunks of profit in my brokerage account as we work back through this “recovery.” I’ll follow with stop losses as we move higher too.
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