Carp
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- Feb 7, 2009
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Those people that exposed companies as frauds. I can't remember who they are, but I believe they are short sellers, and probably made a pot full of money.
Have any of the companies they exposed as a fraud folded? Stock go to near zero? IDEX is the one I recall, and their stock is around $2.
Any thoughts?
I just came in here, coincidentally, to make fun of NKLA, the meme truck company. NKLA lost a contract for 2500 as-yet-imaginary trucks and the "big news" it's down a couple dollars. Big yawn. Over the long con, it's lost about 75% of it's value, but it still has a market cap of about $6 billion. This is a company with no products, no sales, no revenue. What a crazy world. In my view, NKLA will eventually be zero, but it's tough as gristle. Going to take a while. It just shows that when you buy expensive puts, you have to have the timing right. Obvious-joke-of-a-company is not enough.Those people that exposed companies as frauds. I can't remember who they are, but I believe they are short sellers, and probably made a pot full of money.
Have any of the companies they exposed as a fraud folded? Stock go to near zero? IDEX is the one I recall, and their stock is around $2.
Any thoughts?
I just came in here, coincidentally, to make fun of NKLA, the meme truck company. NKLA lost a contract for 2500 as-yet-imaginary trucks and the "big news" it's down a couple dollars. Big yawn. Over the long con, it's lost about 75% of it's value, but it still has a market cap of about $6 billion. This is a company with no products, no sales, no revenue. What a crazy world. In my view, NKLA will eventually be zero, but it's tough as gristle. Going to take a while. It just shows that when you buy expensive puts, you have to have the timing right. Obvious-joke-of-a-company is not enough.
This may be nuts, but I sold several puts on BLNK and kept the money every time. I sold some on NKLA too (they were crazy expensive) but I always backstopped NKLA. Kind of a hot potato that one.