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*
Note
NIO continued up and spiked again. I'm not sure of why the drop triggered today pre-earnings, but...here it comes. Note
NIO came down 15% (25% swing high to low), on Friday. Still expecting further descent after earnings this week.Note
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-4gIrnzINote
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
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.