GAIN AT EVERY DIP

$NIO Inc (NIO.US)$ Reasonable give back. The new bill will probably affect the stock price for a very short period of time. Overall, I don't see any downside towards nio inc as it was literally on the edge of bankruptcy in 2019. This is not a company that I would worry about for financial fraud. Even if the bill gets passed next week, which is highly likely, I still think it's going to come back very soon. In fact, this might be a good thing for nio inc and retail investors in the long run.

Wednesday's bill is highly likely to pass. Not sure how it will affect other Chinese concept stocks, but for nio inc, it's still a good thing in the long term. From bankruptcy earlier this year to now, the probability of financial fraud is extremely low. At present, the financial situation seems very healthy. There was no fraud during the bankruptcy, and now there's even less reason to be concerned.