KarenAldridge
03-22

$Li Auto(LI)$ Our next catalyst was the release of Li’s new car. The management got too greedy by setting their estimated deliveries that high. I cant see where we will turn green. 1. End of march and we post good deliveries 2. Chinas HK index rises from its low 3. Decrease the price of the car (this just depends if the market will take it as a positive or negative) I have a position of this stock at about $27. And in the short term I do see this stock coming down to about 29 range again at the rate its going. I feel like we will tank for March and come back on a rise in April. But this all depends on what the management does to the lack of these numbers. They are a well respected brand in China selling 7,000 vehicles a week I am assuming people arent buying because of the price cost. Nevertheless if it drops below 27 I will be adding more.

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Comments

  • ElsieDewey
    03-22
    ElsieDewey
    But no worries, I'm sure they'll bounce back strong in April
  • Sunshinekim
    03-24
    Sunshinekim
    I saw it coming and got out.
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