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justinl619
Jul 8, 2020 3:03 PM

NIO: I was a Bull, now a Bear Short

NIO Inc.NYSE

Description

2 factors in NIO's recent spike; 1. record sales 2. EV Hype
I am thinking we could see a sell the news scenario come into reality when earnings come and it will be ugly for the stock. This has achieved an all time high based on 1 month of sales. The velocity of the uptrend is discounting profitable quarters in the near future which is far-fetch.
While I am bullish on EV, it is not a bad idea to hedge against your NIO position after this monster rally.
Comments
lilwizx
absolutely no way this stock is going back to single digits. China gave them billions and they are expanding to Europe. this stock will be triple digits in a year
mannsho
@lilwizx, agree
evlavr81
To short so strong bullish move deadly danger
evlavr81
There will be a great fall, but no one know when.
justinl619
@evlavr81, You are right, but I wouldn't put 1 cent investing in it now. Risk and reward is not favorable to enter into a long position here.
JimJJ
@justinl619 dollar-cost-averaging is the way to go.
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