Thought on NIO
What's your thought on NIO. I have been bag holding and doing dollar cost averaging as it went down. I thought it will have a bounce in NIO day, giving me a chance to sell a few to reduce my risk. But that didn't happen. Though I believe they have good product and will come back strong, at the same time all the tension on Chinese stock is making me a bit nervous. If I sell now, I will have to take a loss of 9k. I was planning to sell half of it when it reaches $50, but can't see that happening very soon. This post is not to ask for suggestions, rather seeing general sentiment on NIO and other Chinese stock. TC: 2🍌🍌
It'll moon. If tsla does
Cut ur losses and move on. Dont invest in Chinese companies.
Junk
I'm bag holding them too. I'm down 15k with Chinese stocks...
Holding and going down with it. Smh fucked up
Sell
NIO is the most promising EV company in China. The Chinese government strongly support EV. My opinion is it will rebound and can't go wrong over time. I'm holding 2k shares and not worrying. Anyway, you can always sell for tax write off for now, then think about it later.
I sold at $6, so hate this stock now. I would say harvest the loss for the moment and get into RIVN or LUCID