In this newsletter issue we share our full thesis on Nikola for 2024. Our price target is $3 by the end of this year though we think the stock could soar a lot higher. With the stock at $0.70, that’s a gain of over 300% in one year. We think that this is very doable as Nikola mounts a powerful comeback story and surprises the market with incrementally growing orders, throughout the year, for its recently launched and first-to-market hydrogen fuel cell truck (FCEV).
You mentioned high short interest. When we say there is short interest, does that include Puts or just literal shorting of a stock?
And following that, how would I gauge an expectation for when a short squeeze will trigger (billion dollar question, I know)
I’m asking because my gut immediately thinks OpEx dates - but I’m new to this and that could be wrong.
Certainly OpEx artifacts could trigger a squeeze (window of weakness as you explained recently), but that wouldn’t happen on an OpEx date or the lead up to it. And if “short interest” doesn’t include Puts, then the amount of short interest wouldn’t be indicated by call/put ratios.
I’m very excited for Nikola. Before reading this last week all I remembered was the total clown show from a few years back - pushing cars down a hill lmao.
It’s exciting, and honestly a little heart warming, to see they’ve put in honest hard work through all those woes. A real underdog story if they pull it off.
This is an excellent bull case and will be a great learning opportunity for me, bare minimum. I’ve taken a strong, but comfortable position for myself
$NKLA to 100.
Yessir.
You mentioned high short interest. When we say there is short interest, does that include Puts or just literal shorting of a stock?
And following that, how would I gauge an expectation for when a short squeeze will trigger (billion dollar question, I know)
I’m asking because my gut immediately thinks OpEx dates - but I’m new to this and that could be wrong.
Certainly OpEx artifacts could trigger a squeeze (window of weakness as you explained recently), but that wouldn’t happen on an OpEx date or the lead up to it. And if “short interest” doesn’t include Puts, then the amount of short interest wouldn’t be indicated by call/put ratios.
I’m very excited for Nikola. Before reading this last week all I remembered was the total clown show from a few years back - pushing cars down a hill lmao.
It’s exciting, and honestly a little heart warming, to see they’ve put in honest hard work through all those woes. A real underdog story if they pull it off.
This is an excellent bull case and will be a great learning opportunity for me, bare minimum. I’ve taken a strong, but comfortable position for myself
The short interest displayed is just stock.
There's a bit of puts in that signal as well, because of delta hedging of MMs.
Indeed it's hard not to cheer for these folks. They've gone through a lot and came far.