NKLA Stock SCAM! How To Get Your MONEY Back - Do This NOW!

Free Stock, but hopefully not NKLA! https://join.robinhood.com/adamw2316

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A couple of months ago, I made a video talking about how I thought Nikola was a scam. I got a lot of hate and even noticed some comments had been deleted since.

Well, it turns out that the video aged very well. But this isn’t a video to say I told you so. This is a video on how we can recover as this thing crashes. I just wanted to note that we were on to something then so that we may be able to help now.. Just like you can help us out now by smashing the like button and making sure to subscribe.

I’ve made a successful career for myself by being able to tell when someone is lying to me and judging body language. I’ve had an extensive amount of training on that very thing, as has my partner, Andrew.

I’m sure most of you have heard the latest about Nikola, so we’re not going to spend a lot of time talking about what happened. But to make sure everyone is on the same page, let’s get a quick review of what’s happened recently.

This past week GM announced they would be taking an 11% stake into Nikola. This would be a couple of billion dollars, and the two would be partnering on the Nikola pick-up truck, the badger. This news caused some stir and was giving Nikola some legitimacy to all the critics, including myself. Their share price jumped up to around 40%.

As much as I don’t like Trevor Milton, I was even thinking about selling puts against it, given the news. Thank god I didn’t. Hindenburg’s research wrote an amazing report calling Nikola and, more importantly, Trevor Milton, a fraud and a liar. Listen to this, and some of it is pretty funny. People were complaining about Hindenburg being short on NKLA, claiming that’s why they were saying this, but why wouldn’t you be, if you knew this.

The share price has started to plummet and plummet and will likely continue down that path. NKLA is currently sitting close to that 52 week low around $31 a share, and I fully expect it to drop much lower soon. Now what to do with your remaining shares. Remember, I’m not a financial advisor; I’m just a weirdo on youtube.

Listen, you are welcome to hold out and keep averaging your cost down as the share price drops if you believe they can turn this around. Just like the old investing saying says when there’s blood in the streets. There is def. blood in the streets now, but don’t stay in the street too long because NKLA may push a truck down a hill.

Here is what I would do. Dump NKLA as fast as you can. I wouldn’t try to sell calls against it if you have over 100 shares. Trying to average down isn’t worth it with this sinking ship. I would find 2-4 stable stocks with a decent dividend. Stocks that are not speculative, strong companies that have modest to decent growth.

I wouldn’t put my NKLA money in more specs because you could lose it all. Granted, you could get it back quicker, but you could also lose it just as quickly. I like a good speculative company because it keeps things exciting. But if I’m trying to get my money back after taking a loss, I wouldn’t go that route. Here are three companies I would take a look at.

First up, Lowes, over the past year, Lowe’s is up 42% and pays a dividend yield of 1.48% or $2.40 a year. They’re continuing to get better with new delivery options and DIY help. The Roni Roni helped with revenue this year, but Lowes isn’t going anywhere, and the company is strong. Their only real competitor is Home Depot. Abbvie’s share price jumped up over the past year with a slight dip recently but paid a solid dividend of over 5% or $4.72 a year.

Abbvie was up over 40% this past year and took a slight dip recently. Medicine and sicknesses aren’t going anywhere, and neither is Abbvie. They have a little debt, but they also just acquired some other companies and are just seeing some revenue. But many analysts are expecting Abbvie to keep pushing up with growth and in 5-6 years, could be a worth several times than they are now. Pfizer would be my honorable mention here but with not as much growth, but very stable with a strong dividend. However, a Roni Roni vaccine could change that real quick.

Lastly, I’s still bullish on ole’ trusty Wal-Mart. Feel free to watch one of my more recent videos that goes into why. But Wal-Mart is up nearly 20% on the year and pays a dividend of 1.58% or $2.16 a year. Wal-Mart is a giant company with a lot of new things happening that could make that share price jump up a lot. All of those companies are solidified and not going anywhere. They have solid growth and pay a steady dividend that often increases every year. The money you used on the risky NKLA could be balanced out with something a little safer.

#nkla #nikola #nklastock

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