BB_TX wrote:
ShinerBock wrote:
fj12ryder wrote:
Yeah, I read that Nikola's stock took a big jump right after the announcement. So it could all just be a ploy for stock manipulation.
Yeah, up 48% in one day...... It is very beneficial for someone to create hype like this all over the media and forums like these.
Almost makes you wonder if people are doing it on purpose sometimes.
..........
The market is driven by speculators. Those seeking to make a profit, quick or long term, are fast to buy on any promising news and that drives the price up. And they are just as quick to bail on any hint of bad news and that drives the price down. And automated computer buy/sell programs compound the problem.
Well of course, but there is a huge difference between purposely creating hype that doesn't come to fruition with the given time frame versus actually increasing demand by actually creating a good product. In many cases, these kind of media hype events are because the company needs more capital. That is what FJ12ryder and I are saying. We are not saying anything bad about electric vehicles here so no need to get defensive. We are just saying it is click-bait or stock "buy-bait" due to the broad and general hype created by the marketing departments of these companies.
Most companies wait until they have a finalized/tested product and specific production dates before making media events like this, not untested concepts and vague production targets.
