NIO - Great Stock, Due for a Pull Back -25% 11/18

NIO in the Electric Vehicles with a China Spin has great potential to be bigger than Tesla , but the price looks to be way out over their skis.
11/17 is earnings , I looks like we're seeing "buy the rumor" and I'm expecting "sell the fact" come 11/18

I'll be watching for a reasonable entry then, and playing QCLN for the long run to win on EV no matter who does.

Comment: NIO continued up and spiked again. I'm not sure of why the drop triggered today pre-earnings, but...here it comes.
Comment: NIO came down 15% (25% swing high to low), on Friday. Still expecting further descent after earnings this week.
Comment: I'm out on NIO. Daniel Pronk did a good youtube video going through the May earnings and comparing vs. TSLA. Looks to be WAY overpriced even if it falls. https://www.youtube.com/watch?v=OXn-4gIr...
Comment: The earnings report was exceptional. The price barely moved in after hours. We'll see tomorrow. https://www.globenewswire.com/news-relea...


maybe not anytime soon. pullback can be caused only due to profit taking which is not happening , which means that thing has a lot more to go. it is a safe buy.
+6 Reply
Mokec TradeWithTheLogic
@TradeWithTheLogic, Well, that was a MASSIVE sell-off! NIO on sale at $38.11 for a minute :)
+1 Reply
@Mokec, So what well zoom plunged 30% better sell zoom , people like you are waiting for sell off since nio was 30 . and that was just profit taking not a sell off. just closed my position in profit and now I am buying again which was not right but the greed to make some extra dollar was too strong , it could go either way.
is ur idea a buy or sell befor or after earnings?? biden win good bull run continues this week?
+4 Reply
N0tSwift RobFlorio
@RobFlorio, I see buying after earnings. It's up too high right now.
RobFlorio N0tSwift
@N0tSwift, ok. r people not caring about a pull back. tesla is like thhat. maybe they r buying and dont care. its not tesla lol. right or is it?
They said the same thing for months about TSLA, and got a nice short squeeze.
+3 Reply
This is not a short stock. This is a long play all day!!
+1 Reply
N0tSwift jimba8011
@jimba8011, We'll see brother. I'm ready for long plays. This short sideways game since 9/3 is not my thing. QCLN for now for me, hedging my bets with the whole EV/Hydro class. I'll add NIO after earnings on 11/17 pretty much regardless of direction.
I know you are probably right, but I also know that a shit load of bears will lose their shirts shorting hyperbolic stocks like NIO.
+1 Reply
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