NIO: Better days are coming
nobody likes the price action here. But do y’all know a $260 B market cap company called AMD?. Yes that one.
AMD $Advanced Micro Devices(AMD)$ used to be a penny stock back in 2016 trading at around $1.83 (yes below $2). It was a laughingstock among investors who worshipped the mighty Intel. Many (supposedly) savvy investors prophesied AMD would go belly up in a few months. Nevertheless AMD were laser focused on developing their CPU’s and GPU’s.
I first bought AMD shares when it was $9 in 2018. I ignored all the noise in the market. Kept buying until my average was $14. AMD went from strength to strength since 2019. I finally sold all my AMD shares in 2021 at $98. In hindsight I sold it way too early. Sigh.
After AMD, I bought $LKNCY $Luckin Coffee Inc.(LKNCY)$ at $2 ish (ave $9), and $DIDIY $DiDi Global Inc.(DIDIY)$ at $1.9 (ave $4.2). All made me lots of gain.
The same thing can very well happen to NIO. That’s why I bought more at $3.79.
Stay strong everybody. Better days are coming.
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- HilaryWilde·04-18Gotta stay positive and keep the faith.LikeReport