Was looking at NIO. Wondering about everyone’s thoughts. It IS pretty cheap right now, considering it has the potential to be a pretty large company. However the Chinese economy, and global economy is total crap. This makes me think it will take a long time to grow.
Sidenote: My money losing app tells me its a buy. SO does my wifes bf
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>I think that NIO is a good long-term investment, but I would not recommend buying it right now. The Chinese economy is in a lot of trouble and the global economy is not doing well either. It will take some time for NIO to grow into a large company.
It’s a good long play
Once the market rebounds nio will be easily above 25
Tesla or nothing
you should liquidate everything and hand it over to your wifes bf, burn your man card, donate your testicles to a testicular cancer patient, and lastly pound sand. where is your dignity?
I made a few grand trading all the Chinese EV companies when they hit lows earlier in the year and bounced back. Just got to be careful.
Personally… I’m scooping up China stocks today but hedging with some puts. I also have stops set.
You could double your money short term if NIO rebounds like it did at the beginning of August. Just know when to fold’em.
ok if Jim Cramer is your wife bf then buy puts