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.
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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For what it is worth
NIO Updated View
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.