Nikola’s Theme: Dead Cat Bounces Move Closer To Zero
Tim Knight | Mar 22, 2022 12:06PM ET
What we see below isn’t the exclusive domain of beleaguered Tesla (NASDAQ:TSLA) wanna-be Nikola (NKLA). It is present on plenty of stocks which, on the whole, have been falling for many months. Just about the only thing in its favor at this point is that it’s so close to $0.00, there just isn’t too much farther it can fall from its latest dead cat bounce. Suffice it to say that, for the sixth time, shareholders figured the bottom was in.
Some other examples:
Lordstown Motors Corp (NASDAQ:RIDE):
Virgin Galactic Holdings Inc (NYSE:SPCE):
Zoom Video Communications Inc (NASDAQ:ZM):
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