Dear Subscriber,

On June 8th we emailed our subscribers this SELL NKLA ALERT:

"NKLA just hit $60.28 twenty minutes ago. Up 50% in 20 minutes. That is a MASSIVE short squeeze that has just taken out a few hedge funds and perhaps option market makers.

ACTIONS TO TAKE RIGHT NOW :
1) SELL Enough NKLA to Get 200% out plus your original capital back
2) TAKE Profits on the June 19 $30 Call OPTIONS--they are up over 2000% gain at the moment--INSANE
3) SELL Enough Enough Warrants to have ZERO COST--they will convert in the next 40 days...

Alternatively, put a 10% trailing stop on all your NKLA positions and let the market take you out of the positions.

Then later after the close on June 8th, we sent this Alert:

"NKLA is now trading at $90 in the after-market. There is a real chance NKLA goes parabolic from the opening to $120-$150 range.

NOT saying that is what is going to happen--but YOU AND I need to be intellectually and emotionally prepared for a true "parabolic" run because NKLA is now an official Millennial Monster stock.

We also have to be prepared that today's PARABOLIC move WAS the move and we want to PROTECT the profits in our <$15-<$22-<$30 cost basis shares

Action to Take: For my managed accounts and the TR Ultra Growth portfolio, I am putting a 10% moving sell stop under the NKLA open price (which means your broker automatically raises the sell stop IF we get another parabolic move up. IF you don't know how to do this, ask your BROKER, not us!)

Then the June 18 ALERT

The BIG MONEY is done with NKLA--and we DO NOT FIGHT the BIG MONEY, OK?

Action to Take: SELL any remaining warrants you hold.

Why? Because between PIPE shares and warrant exercises, Goldman desk expects NKLA's float to explode from 23 million to close to 99.4 million over the next 30 trading days
The $800M PIPE (private investment in public equity) investors in NKLA at $10 are about to be able to sell their stock on June 5.

Final Point: NKLA is 2/3 of the way to our $25-$20 downside target down to $40.32 close and up to $42 in the aftermarket trade on short covering.

Here is the latest chart with support lines:

NKLA is trading under its $43.18 VWAP (volume-weighted average price) which is a major SELL signal as well.

Action to Take: IF NKLA pops tomorrow on short-covering and gets another wave of selling, we will put together a trade for All-Access members to: SELL In the Money July 17 Call Options and BUY Out of the Money the July 17 PUT Options.

FOR ALL TR Subscribers: if you still HOLD NKLA Warrants or Shares,--tomorrow may give you an opportunity to SELL ANY NKLA shares or warrants you continue to hold.

PS: Based on the NKLA Warrant price at $20.25, warrants are pricing in $11.50 conversion with NKLA price around $31. The cashless conversion is off the table--as I thought in the beginning, NKLA needs that $500+ million in CASH.

Have a great night!

NKLA SELL ALERT UPDATE