Many longs here may remember me; as one of the largest, if not the largest (according to my brokerage firm), NIO retail investors that followed NIO from before it's IPO I posted here regularly until over a year ago when I first sold about 2/3 of my shares at average around $62/shares and then sold the remaining 1/3 at mid to high $40s and have stayed away until a few days ago. This is what I have been doing since last few days regarding NIO and what my future plans are:
1-I began buying few shares once price dipped below $25
2-I kept averaging down as price kept falling with my current average around $22 and number of shares a about 2/3 of what I used to own about 2 years ago
3-I plan to add the other 1/3 whether shares go further down or begin moving back up
4-although we can not control global geopolitics or Putin I believe we are either at the bottom or very close to it as with a P/S ration of 6.7 (a near 70% discount to Tesla) shares are dirt cheap
5-It won't be until 2024 when first Chinese shares may get dilsted from NYSE under the new PCAOB rules but I have confidant NIO will not be one of them; nonetheless, in the remote possibility that NIO is delisted it will continue to trade on OTC and Hong kong and we will still own all our shares.
6-Should NIO get delisted from NYSE in 2024 or beyond expect shares to get a hair cut but that is exactly when you want to accumulate more shares with both fists as they well rebound after initial drop.
All and all I am back as a major retail NIO share holder full force as shares are dirt cheap; while there is opportunity here to trade shares even holding them long tern despite what may happen with NYSE or Chinese government decision I only see opportunity here; why? Because I know the company, it's CEO, and it's product as well as Chinese Government's commitment to NIO well and believe in NIO's future 100%.
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