NIO in the Electric Vehicles with a China Spin has great potential to be bigger than Tesla, but the price looks to be way out over their skis.
11/17 is earnings, I looks like we're seeing "buy the rumor" and I'm expecting "sell the fact" come 11/18
I'll be watching for a reasonable entry then, and playing QCLN for the long run to win on EV no matter who does.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
11/17 is earnings, I looks like we're seeing "buy the rumor" and I'm expecting "sell the fact" come 11/18
I'll be watching for a reasonable entry then, and playing QCLN for the long run to win on EV no matter who does.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Nota
NIO continued up and spiked again. I'm not sure of why the drop triggered today pre-earnings, but...here it comes. Nota
NIO came down 15% (25% swing high to low), on Friday. Still expecting further descent after earnings this week.Nota
I'm out on NIO. Daniel Pronk did a good youtube video going through the May earnings and comparing vs. TSLA. Looks to be WAY overpriced even if it falls. youtube.com/watch?v=OXn-4gIrnzINota
The earnings report was exceptional. The price barely moved in after hours. We'll see tomorrow. globenewswire.com/news-release/2020/11/17/2128703/0/en/NIO-Inc-Reports-Unaudited-Third-Quarter-2020-Financial-Results.html
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.