I am using an older chart and I make it simple, but forget the chart, for it is obvious:
1. I am following NIO since $ 6 , in since slower $ 20, and I love NIO and I follow news from NIO, LI and XPENG from China EV sector
2. Had several opportunities to sell some with great profit but I didn't , yes it rebounded to even HIGHER as we know , but this time is different
3. I think we are only at the early stage of a correction/ selloff, many still at the DENIAL stage, yes indeed many OVER valued stocks will drop back under 1$, human's greed is punished by the invisible hand of the market
4. Finally so I wouldn't be surprised to see NIO at 30 as well as Tesla at 500, we will see who is swimming naked, but those EV that actually produce great cars will be rewarded!!!
In sum, THIS is the GREAT opportunity of this year, however beware of rebound and be patient.
1. I am following NIO since $ 6 , in since slower $ 20, and I love NIO and I follow news from NIO, LI and XPENG from China EV sector
2. Had several opportunities to sell some with great profit but I didn't , yes it rebounded to even HIGHER as we know , but this time is different
3. I think we are only at the early stage of a correction/ selloff, many still at the DENIAL stage, yes indeed many OVER valued stocks will drop back under 1$, human's greed is punished by the invisible hand of the market
4. Finally so I wouldn't be surprised to see NIO at 30 as well as Tesla at 500, we will see who is swimming naked, but those EV that actually produce great cars will be rewarded!!!
In sum, THIS is the GREAT opportunity of this year, however beware of rebound and be patient.
Comment:
A new wave is coming