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Crazy_Cat_Man
Nov 22, 2020 12:31 AM

Everyone should have made money on NIO Short

NIO Inc.NYSE

Description

It's one of those "Buy & Hodl" stories. My Think_scripts don't translate nicely over to Pine_script, but the general consensus across multiple platforms and strategies is that Nio's price is unsustainable. It tredns similar price movements to Tesla, but it also trends in the direction of the VIX, which leads me to believe that China is heavily influencing both. Inverse assets... Unless you can take 500k and go buy a car that is almost ready for Pikes Peak, then there is no way that Nio's price is justifiable. Nissan stock should be worth $10 before Nio is ever worth $5
Comments
csselement
This thing is supernatural. I've given up trying to time the cliff drop.
Crazy_Cat_Man
@csselement, everything is going to increase relative to the value of the $
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