@only123456 What you think is the peek in the near term? I think there's a chance that they hit 65 this week before a pull back. perhaps tomorrow or Tuesday. Then the next target is 70 I believe.
voldersniels
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@farmerchris58, yes my guess is 63-65 , but people are reacting like really bullish in comments , YouTube , news articles . I think 70 could be possible depending if tesla keept going to a 1000 dollars. But a pullback is inevitable. I will be shorting nio from 63 dollars
TWTR_TraderChris
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@voldersniels, in the near term, I suspect that TSLA will also have a pullback. They've gone on a historic ride up over the past month. I don't think that kind of momentum is sustainable in the near term. Is it going to be this week or next, no one knows. There's too much euphoria over that company right now.
NIO on the other hand, has some big short sellers hiding in the dark! haha ... I think shorting at 63-65 would be a good move. But I'm looking to buy back in the mid-low 50's; cause I'm an optimist! Haha
voldersniels
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@farmerchris58, yes I have hold nio for a few times now. I did the last run from 39 to 58 , going to short it now and buy back in the 50’s. For the long the company is great
TWTR_TraderChris
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@voldersniels, I too believe long term, this is a buy. But I don't have the patience to go that long. So I just play the day-by-day game ... hoping to make a few pennies while it's on the way up.
But long term, I'm very bullish on the stock
voldersniels
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@farmerchris58, with a predictable hype stock like nio this is the best thing , I outperformed the stock with 50 percent by selling at the tops and buying the lows withouth becoming too greedy at the tops
TWTR_TraderChris
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@voldersniels, agreed. I consider holding through the weekend, but the double dip in the mid afternoon on Friday made me decide to sell out.
What is your buy in point after the pull-back? I'm looking for mid to low 50's