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Obviously, I believed that there was significant uncertainty around the validity of the Hindenburg information at the moment of its release, but my reading led
by sokoloff 3y ago
Obviously, I believed that there was significant uncertainty around the validity of the Hindenburg information at the moment of its release, but my reading led me to a conclusion that Nikola was very likely not a viable company, likely not a viable company at the then-existing market cap, and that the balance of investor sentiment wasn't likely to tip towards the buy-side.
My surprise wasn't that that it took weeks to sort out (and for Nikola to issue comically terrible responses) but rather that, after making the judgment and investment, that it took well over a year to 75% complete with no credible (to me) positive news from the company.
Differences of opinion about the future are what makes a market. I'm puzzled at who was holding the opposing opinion and why...
> What subsequently happened (nothing)
I invite you to take a look at a 40 month (or just a 5 year) chart of $NKLA and decide if nothing happened to the shares.