NIO Updated View

    Posted by steve on 15th of Oct 2020 at 10:32 am

    NIO - Chart Link - continues higher (momentum from yesterday's upgrade)

    Sold half just now to

    Posted by lapri24 on 15th of Oct 2020 at 10:36 am

    Sold half just now to lock in profit. See, I'm learning :)

    For what it is worth

    Posted by pkrsek on 15th of Oct 2020 at 11:35 am

    For what it is worth i think you made a great decision. NIO is now overbought on every metric. It should pull back very soon. I sold 1/3 of my position. I got really lucky on this one. I bought it at $5.71. I don't pretend that it will ever be another TSLA but I do believe it is the best of the Chinese EV companies. I am not a trader. I usually buy for longer terms, but I do enjoy Breakpointrades.comI've found a lot of actionable ideas here over the years. 

    NIO - I cleared out

    Posted by elementsix on 15th of Oct 2020 at 12:35 pm

    NIO - I cleared out of my calls this morning but hold stock in my long term portfolio. This did move a little too quick here as of late.

    I think this company looks solid fundamentally and the long term potential is quite large given the massive customer base in China.

    - Earning should be quite positive in November
    - Gross profit expected to expand
    - Backorders on the EC6 are currently at over 8 weeks   (Tesla Model 3 challenger)
    - NIO Day in December expected to debut of the new sedan which should be well received.


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