Meoooow
03-21 06:58

$NIO Inc.(NIO)$  

What can bring the share price back to $5?

Now so close to $4.50.

Buyers should retreat until the sellers are done. 

Now I wonder how to sell my 300 shares bought @4.75. Think I leave it in the closet for 3 months if can't sell @$5.50. $7 is out of reach and becomes just a fantasy. 

🍌 🍌 🍌

# China Assets Pullback: Has HK Market Reached the Peak?

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  • Ah_Meng
    ·03-22 23:24
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    You need another round of Chinese 🐂. Having said that, hope is not a plan. Have a plan for cutting loss if you don't like to hold it for dear life... remember that it could go south too... so it all depends on your outlook for NIO. If you are a long term investor, are you willing to ride this down to perhaps $1-2? Or less? You need to be able to ride this out if you are willing not cut loss. On the other hand, NIO could easily be a $10+ stock if it is able to execute its biz right. Having said that, remember that the risk is there. It is not a BYD for example that is making profit and can easily compete with Tesla for price.
    Think about your holding power and revisit your analysis for NIO to come out with an exit plan. Normally the exit plan should be in place before you entered the trade. It's better late than never. Remember again hope is not a plan. All the best to your trade.
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  • Meoooow
    ·03-21 12:23
    Looks like $5 is out of the question.

    🥜 🥜 🥜

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