I read countless investors tell me how NIO is a MUST have stock to have in my portfolio in 2022, however I'm not seeing it anymore. Seems to me the company is in shambles, very few sales, supply chain issues, and this new lock down issue they're facing. I sold this morning, I bought at 21.8, and sold at opening price today, taking in a loss of about 11.74%. I never believe in selling when red, and truly believe in long-term hold profit, however we're at a time of a very near recession, any due diligence must be x10, since it can come at anytime. I think its important we use this platform to also share our losses, since I'd like to share notes with people in a similar situation.
NIO is nothing special, and I knew that from the beginning, I've seen better financials and much better stock price performance. However, long term wise, and maybe after the upcoming recession, or even before NIO will soar, when their orders are up and they fix their supply chain issues, until then I'll count my losses, and avoid NIO till I'm convinced their doing something new.NYSE:NIO
im sorry to hear that mate hearts out to you and thank you for your input
also with threads and post like this, somehow i learned that when investors gives up and sells, the bottoms is very close :)
BigManAlasad
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@Cyrogx6 Thank you very much, and I agree with you. I read this morning that NIOs bottom might be coming in the next 4 months, not only because of poor performance of the company but also because the ridiculous amount of people currently shorting the stock.
themrchris41
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Great Idea, if you want a stock that will really rocket to 100 buy it at 99.9999 and sell at 100.....can't miss!...On the other hand wait till Biden pays off your Student Loan...then get your PHD in Finance!
hearts out to you and thank you for your input
also with threads and post like this, somehow i learned that when investors gives up and sells, the bottoms is very close :)