Nio Report
$NIO Inc (NIO.US)$ don't just see the 10.3% decline aka the header. spend some time to read into it and digest the hidden info and magical numbers in the report.
when I first saw the header, I saw 10.3% decline as bad news. but when I go in and try to digest further and try to undertand the numbers deeper, I realised that its not a bad report and the header did not do the report justifications.
when many are fearful, buy. when many are bullish, sell. how many frantic sellers we saw today? and now how many frantic shortist are frantically trying to cover back their shorted positions.
It's a good report to me.
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Lewis TEG : unaudited please take note!
Cui Nyonya Kueh : at first I was very heart broken, I tot this time going to see 4.5 already. but lucky still very strong support to push back to 5. hopefully tonight closing will stay above 5.
bullshyt OP Lewis TEG : you will be surprised how many only see the header and start to press the sell button. audited or unaudited. it's still a number and a guide.
Earlyretire : That's probably what the plan on doing to it after people buy it because it's going up at the moment. They sent this news out to early. Pre planned.
Lewis TEG : if you have a better understanding of how financial accounting works, an unaudited statement can be simply adjusted with many reasons approved by THE MANAGEMENT.