I bought Nio stock almost two years ago and it went down like 60%. Should I hold or sell and get some tax advantage for this year ? Also, I am curious to know the sentiment of Nio cars in China.#Nio
that company is loosing money like anything. Have you even seen it's reports or are you just going with the sentiment to gamble
I purchased the stocks two years ago with the sentiment that it will be the Tesla of China. So, I was aware of some risk but was not expecting the steep decline tbh.
If you have a cost basis below 10, hold. Else maybe sell some and put it in a better stock to recoup some loss. It's gonna be hard though. For the rest take the L and pray it makes it a bit better in time.
I bought at 34, and got out at 9.5. lost somewhat similar to you. I kept selling calls for a while and lost hope
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Bought $10K at $60, still holding
My dad bought some at $64. He's still holding.
Sell it now to lower your 2023 taxable income and can buy again after 1 month window to avoid wash sale. This works if it doesn’t shoot up in that 1 month window.
HODL! Nio will be at $100 in 2-3 years. They're losing money coz they're heavily investing in R&D which will pay off in the long run. Think long term
Hold. I bought lucid at 30 and still holding
Sell. Too much competition in the space. Now that Xiaomi is coming into the game, nio is pretty much dead
But they just got 2 billion dollars from Abu Dhabi investment fund. Wouldn’t that mean they did a due diligence and see some promise in flipping the company?
I have a 1000 shares at 37 dollars. Down almost 27K. Their last revenue was up 25 percent and they have a new luxury car I am only 50 percent confident. I am planning to hold it. Incase i have different stocks which i am profitable and want to sell to take the gains then i will sell the nio in parallel to offset gains with loses
Hold
HODL - Hold for dear life.