TomCap
10-16

$NIO Inc.(NIO)$ $NIO-SW(09866)$ I just picked up NIO at $7.60 after trimming my position. With $KraneShares CSI China Internet ETF(KWEB)$ seeing a solid pullback recently, I feel like we've hit a good level. A 30% drop in just two weeks is significant! Now seems like the right time to double down and go all in again. The market’s been a bit shaky, but I'm optimistic about the recovery ahead.

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Comments

  • JC888
    10-24
    JC888
    I think support for NIO now is the $5 range. Attitude towards it will improve if it consistently outperform Wall Street in quarterly earnings and Chinese economy recovers.
    Otherwise it's a meme status stock, I feel.
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