But without real revenue the risk goes through the roof. I mean Nikola was just a month ago.
Yeah. That was the original direction of the thread to determine help guys with IRAs and traditional investment accounts and the like. Then it turned into r/Wallstreetbets with fewer memes. :-)
Oh definitely. I’m talking about real companies in the growth phase but have actual revenue. Like Tesla. NKLA has nothing but shit on paper. You have to spot the difference. [Reply]
Originally Posted by lewdog:
Oh definitely. I’m talking about real companies in the growth phase but have actual revenue. Like Tesla. NKLA has nothing but shit on paper. You have to spot the difference.
Yeah. This summer I listened to two different books about Theranos. It is absolutely remarkable how far they pushed the string with nothing. They had absolutely nothing at all and bullshitted a massive number of people. Even to the point of rolling out kiosks in stores. Plus a bunch of otherwise credible fools that they were balls deep in.
I once was a big believer in P/E, but I've decided that it doesn't really do much. It kind of identifies when a stock is out of favor, and if it's out of favor that doesn't portend growth.
I tend to screen for four things these days: earnings per share growth, revenue growth, dividend, and recently I've been looking for sustained (multi-year) price momentum. Give me three of the four and I'm good to go, and I'll consider a stock with two out of the four. [Reply]
I still find NKLA fascinating. The deal with GM fell through and their Pickup truck in now not happening. They will focus more on their original plan for over the road trucks.
It is currently below 21.00 and I think its a good buy. It is however a LONG term investment at this point, right?
Looking for some of you smart guys to chime in. [Reply]
Originally Posted by chiefforlife:
I still find NKLA fascinating. The deal with GM fell through and their Pickup truck in now not happening. They will focus more on their original plan for over the road trucks.
It is currently below 21.00 and I think its a good buy. It is however a LONG term investment at this point, right?
Looking for some of you smart guys to chime in.
You're better off going to the casino as it's pure gamble with NKLA right now. They have absolutely nothing to show for themselves but ideas and paper.
Long term it's a company that could accomplish nothing and be worth nothing. I don't see it as a long term investment but should only be used for trading if you're so inclined, but even that has high risk with it and you should assess your tolerance for doing so. [Reply]
Originally Posted by lewdog:
You're better off going to the casino as it's pure gamble with NKLA right now. They have absolutely nothing to show for themselves but ideas and paper.
Long term it's a company that could accomplish nothing and be worth nothing. I don't see it as a long term investment but should only be used for trading if you're so inclined, but even that has high risk with it and you should assess your tolerance for doing so.
I also like RIDE. They actually have a product and its pretty cool. Its Lordstown Motors. Took over a factory in Michigan and have a EV truck launching that is ready to compete with any truck out there. Have outstanding orders for it as well. [Reply]
I absolutely love this guy. I just came across him a couple weeks ago but I guess he makes a video every day, He started this series by starting Jan 1 with a goal of going from zero to 10k then from 10k to 100k by the end of this year. He's at 90k after taking a 2k loss today. He's transparent with all his moves and there's none of this Patreon bullshit. Dude seems to be super smart.
Originally Posted by Hog's Gone Fishin:
I absolutely love this guy. I just came across him a couple weeks ago but I guess he makes a video every day, He started this series by starting Jan 1 with a goal of going from zero to 10k then from 10k to 100k by the end of this year. He's at 90k after taking a 2k loss today. He's transparent with all his moves and there's none of this Patreon bullshit. Dude seems to be super smart.
Can’t tell if you’re being serious.
He literally gives no reasons for his choices and is using catch phrases. [Reply]
Originally Posted by chiefforlife:
I still find NKLA fascinating. The deal with GM fell through and their Pickup truck in now not happening. They will focus more on their original plan for over the road trucks.
It is currently below 21.00 and I think its a good buy. It is however a LONG term investment at this point, right?
Looking for some of you smart guys to chime in.
NKLA has nothing. A few patents, no working prototypes, just some designs. Oh and venture capital. There is some of that. Don’t forget the IP lawsuit. Some of that too. Last I knew their grand plan was to put someone else’s batteries and drivetrain in a vehicle they designed. They failed to do that, rolled it down a hill and shot a video.
So it’d essentially be like a college senior with AutoCad. And is trying to break into a massively established market.
Originally Posted by Hog's Gone Fishin:
For Rainman, I follow this guy and he is always spot on : Travel /Cruiselines
I've got pretty big positions in most of those. They used to be really big positions, but now they're just pretty big positions. If I can get a good runup, though, I can get to breakeven. And from there, the sky's the limit. [Reply]
