NKLA is a pretend electric car company that hopes to follow the Tesla model. And it is working, 0 revenue, 0 products, but has stock worth more than many actual car companies.
DUO is a Chinese company called Fangdd Network Group. It went from 10 to 115 yesterday, on no news, because people confused it with “FANG” stocks. Since then it has fallen almost 90% to 15.
While it isn’t fun to get in on good short sells early, every time I’ve had high conviction on them, I end up wishing later on I had gone in bigger.
Just got in the mail a few days ago a notice that my short to 0 of BankUnited is now super-duper delisted. Something about no transfer agent for 7 years means it is considered permanently gone, not even a pink sheet stock.
The type of craziness going on now is a bullhorn blaring we’re approaching the top of a bubble. Low information inexperienced retail buyers flooding the market, time and again, is the last stage of a stock bubble before the crash.
