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*
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NIO continued up and spiked again. I'm not sure of why the drop triggered today pre-earnings, but...here it comes.
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NIO came down 15% (25% swing high to low), on Friday. Still expecting further descent after earnings this week.
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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. www.youtube.com/watch?v=OXn-4gIr...
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The earnings report was exceptional. The price barely moved in after hours. We'll see tomorrow. www.globenewswire.co...nancial-Results.html