Nio stocks tumbling

Sorry, I’m not willing to put my neck out on that one.

I have no idea what the outcome today will be.

If it’s any help to you, I’m holding NIO and I will still be holding NIO tomorrow.

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Buy high, sell low. That’s the way.

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The biggest risk for people is hey make knee jerk reactions to todays news. They will probably vote to delist, but this doesn’t mean they will delist. I guess problem is everyone thinks their a trader recently especially in companies like NIO.

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I am holding onto my position in NIO. Would you buy more if it pulls back? - is the question

Hmmm I think you chose a bad time to get in tbh. Looking into my crystal ball, I feel it will definitely back up short term, but I could see NIO doing another Share Offering to raise more capital off those gains.

All speculative though :slight_smile:

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Not to sound like a school teacher but did people who bought into NIO do homework on it? I dont know a huge amount on it hence why I have avoided it like the plague. I think people havent actually analysed TESLA properly either.

I blame @laguiar :stuck_out_tongue_closed_eyes:

For me, admittedly, this was a happy accident. Only started investing in April and this pick was purely because it showed up in the ‘popular stocks’ section and was cheap. Didn’t do any research beyond the stats on the app. Got in a $3.50-ish.

Once it started to run, and once I was more comfortable with my DD approach (and familiar with the concept of actualIy doing some properly), I did more DD and am comfortable.

Admittedly I have room to breathe. I was never chasing the stock and I have a good average price. I have the leeway to weather the storms.

NKLA >>>>>>>>>>> NIO

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