In almost every trend, every bubble, and every hype that has ever existed - eventually something comes out that becomes almost a parody of what's going on around it. This parody eventually symbolizes the irrational behavior of a trend. To me, NKLA will be that historical example. In literally mere days, NKLA, during a hot market run, skyrocketed to 100+ per share. Based on what exactly? No car manufactured, no car officially sold, not even a deposit. Yet this company, with a CEO who is boasting the fact that his company will be worth 100 billion in the future, has skyrocketed off mere speculation that's been brewing like crazy in this market.
There will be some correction to this. There is no rationale behind any of this.
Submitted June 08, 2020 at 09:37PM by JuicyLifter https://ift.tt/2XK5HXZ
