Hype ran hot in the summer of 2020, when reverse mergers were in vogue and Nikola (NKLA -1.93%) garnered Wall Street's attention as an electric-truck maker to watch. Holding Nikola stock turned out to be an unfortunate strategy, however, as not selling would have turned a $2,000 investment into just$40. Yet where some folks see carnage, others may see opportunity. Should investors with a speculative streak apply the "buy when there's blood in the streets" principle to Nikola stock in 2024? It's worth consi ...