QUOTE(ntdote @ Sep 30 2020, 11:23 AM)
Nkla doubled the next few days following its merger.
Same thing happening for shll u think?
Like I said last time SHLL always shadow by NKLA. And this time is phobia by NKLA.
The reason why #3 didn't get approve is because the big share holder want to adment the proposal so the share holder have more said.
The result of NKLA fraud that spoke the share holder.
From the SHLL price seasaw and can't go high as what many expecting (people using NKLA to predict) and with sept market crash (Sept/Oct normal yearly), probably hard to go double. aka bad timing.
Unless
1) big institution going in after IPO. This are the main influnce to the price.
2) Friday unemployment result is good
3) Fed stimulus package is positive in nego (this influnce the whole market overall)
4) and #3 success adment or resolve.
But the price is already not bad now compare many SPAC stock. Might go $60+ before friday if people don't take profit.
And Friday is a bonus if further high as what I consider.
I see Hyliion is pretty conservative as it is less hype and less PR boring CEO. Anyway this is conservative way of marketing I guess.