NIO: Overbought And Overvalued

seekingalpha10-02

NIO's September rally appears speculative and driven by FOMO, with the stock now overbought and overvalued, prompting a 'Strong Sell' recommendation.Despite a 58% surge since July, NIO remains deeply ...

Source Link
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • simonwyj
    10-03
    simonwyj
    I observe this analyst Andy has been like yo-yo , he try to analyze And disect Nio to suit his agenda, sometimes he criticize and sometimes he praise, he really does not has a clear sense of conviction and  direction. He merely based his analysis on data which he always compare Apple to Durian. He is trained to look at figures which is nothing wrong and objective. But a company is more than number, it is about strategic deployment, it is about vision, it is about user experience, it is about execution. The analyst tends to look at the risk and pessimistic projected by figures. He conveniently forgotten that Nio also using powerful data to drive its business forward, he forget other competitors use dealership to grow business faster but Nio build its own direct network which is more co
  • taytt
    10-03
    taytt
    Agreed, they are shorting nio. 
  • ya ya
    10-03
    ya ya
    Wish the ones who shorts s NIO a very good luck. Hahaha, those guys never notice NIO got govenment funding 33 millions .... 
  • ya ya
    10-03
    ya ya
    Probably wall street are trying to put NIO, all bad news from English side and good news from Mandarin side... Rubbish wall street Brookers 
  • FGP
    10-02
    FGP
    Continue your shorts to $NIO..... good luck
Leave a comment
5
5