NIO
$NIO Inc (NIO.US)$ is a surprise that I did not want. As NIO bounded above 15, all signs, analysts, company reports, technicals, fundamentals, valuations, future prospects all torched any sentiment coming from the bears. I was sucked in, blown away by the fortune of finding such a gem, planning out my future with all the riches I would make from my new found goldie.
I would be shrouded in glory, by the various Wall Street Analysts that could not wait to increase their target price on their already bullish Strong Buy Rating. Then I was blindsided by the reality that I own a China Based Company. I tried to squash my fears by the millions of shares owned by Institutional Investors, many of which loaded up in July. I tried to ignore the Tesla noise and submerse myself in the Bank of America price upgrade.
But then, reality hit me - I left the Matrix of mirage and realized - we are in Q3! I took my time to research the last 2 years 3Q Institional Selling. It hit me so hard, almost as hard as the losses in my account. You can see for yourself. Its not rocket science, or related to Tesla, it’s definitely not related to my little position I sold for a loss. The charts speak for themselves.
If you care, go look at 2021 and see the trend. Its as obvious as the day is long. Hope you all are hedged. We aren’t done with the destruction- at least my little minds says so.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Series 7&66, Trading Floor-13 years. Survived dot.com bubble, 9/11, Enron Accting, Gr8 Recession Now here to help.
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70951828 : Damm so what ur tryna say is the stock is gonna crash even more than it already has so far….
103027647 : Chinese stock is also ok but u need buy right one like li auto.nio is losing billion of dollar although sales rebounded .imagine so many cash burning nio house , swap station need to feed and many are lifetime free for users.ceo expert in burn cash n issue share to dilute investor .analyst target high price get as many pple suck in as possible so can cash out n run .