Last year, the stock was down from $15 to pretty decent level. So, I bought this stock around $6.5 and went down until $4 badly but I did not average down because I already lost so much that time. So, I have to wait until it recover back to $6.5 yesterday. So, after I closed my position, I didn't really get profit from this stock but got a lesson that some low valuation stock can be easily manipulated or unstable price swing or sometimes might even encounter a total loss. Lucky that this stock recover along with it's rival companies. (Some company even did like offering discounted shares to dilute and once the stock dip more, they easily can do stock reverse split like 1:100)
TWP PaPa : just do what best suits you..jiayou
Buy_High_Sell_Low OP : Thanks for advice bro .. will do
bullbearnme : I bought NIO between $60-65, it went down pver the year to $3-4.00. It was manipulated to the max 2 years back. There are many bag holders who joined the roller coaster. I like the concept and technology from this company, the biggest problem is cash flow. It is 50/50 , either it able to gain 2-3 billion to sustain it operation by selling cars or getting further funded from Rich Papa Saudi from the last granted funding of billions, it will definitely fly to the moon. if it hit a cash flow problem, they will sell more shared and diluted the share price. Based on the recent crazy spike with China stimulus package into the China economy and YoY performance, it has pay off recent growth, but what I worried is this stock get pump in short duration for another agenda. ( not sure what is the big brother plan). For long run, when it get near to breakeven and having better cash flow, this is a rock star choice for getting rich. 2 cents opinion. Buy or Sell at own cost or keep it for years
Buy_High_Sell_Low OP bullbearnme : So sorry to hear for your loss. I agree with your opinion but I also see more potential in Xpeng by the way.