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lol. Thanks tdeck. The sad thing is everyone else is thinking the same as he does- They think the negative outcome of G20 will negatively affect NIO's pps. I think of the opposite- as long as the tariff is in place, NIO will remain strong without any real competition from Tesla importing any EVs into China. Currently as of today, Tesla would have to pay 40% tariff to bring EVs into China. If Tesla drops their EVs'price and pay 40% tariff to sell EVs to China, Tesla will soon go broke or quit exporting EVs to China.
Mazeltov, I suggest highly that you read mission statements of NIO on their website. NIO does NOT need to export NIO EVs to the US. NIO does not have any plan in the near future to sell NIO EVs to the US. Therefore US' tariffs has absolutely NO impact on NIO business.
The problem here is one does not know how much further south will the dip goes or in other words... when to buy during these dips
what we have here today is a cup and handle formation. Without knowing that, side line investors are rushing in to buy but things will settle down
No telling what G20 can end up, but one can only speak of past experiences of meetings between Pres Trump and China Prime minister Xi. I dont recall any positives resulted from previous meetings. Neither one was willing to "give". I would not expect much especially when pres Trump already said he would go all the way with maximum tariffs against China if need to, and China has gotten upset with Trump's previous threats and retaliated.
Completion of ES-6 model production line could be announced any time now. An announcement of this would draw in more prospective big and small investors.
Fidelity's chart (11/16/2018) still shows the support level for NIO at $6.20, if nothing else is holding it up.
Your good insight on cannabis.
TSLA is little tricky to play because of Musk's unpredictable behaviors.
Your TSLA shares may tank in a hurry if you don't watch it and act fast because Musk almost always had to say something or do something out of the norm. NIO, in my opinion, so far has been very straightforward.
Good day and weekend to you as well
tdeck, are you working with any cannabis equities? they are all over the internet. I m just curious and do not know much about any of them. NIO is my main one for now.
NIO is defying the expectations of downtrend after the last earning PR. Perhaps NIO is finally getting some of that similar Tesla craze of EV beliefs from small investors and nameless major buyers, i.e Saudi Arabians, Softbank, Japanese investors and who knows who etc.. People are expecting NIO to go down, but instead it is steadily trending up. I still give it a few more days or week to see where it is heading.
This is some serious continual buy since this morning! this got to be a big institution or a wealthy investor who knows something that we dont!?
tdeck, you are right about some big buyers would come in and buy when stock hits bottom after the earning PR. well, apparently there is a big buyer or multiple buyers doing just that now. What I dont understand is why they choose to do it now and not to wait later when pps gets to the bottom. The "big" buyer is obviously being very impatient....either that or shortie are covering their shorts after having shorted awhile going into earning PR day?
can someone here identify who the big buyers buying right now are?
The house is manipulating pps to expire as many calls and puts out of money as possible from today on
Today somtimes may be the time it is itching to test that support level you were referring to.
Good to know but i dont know if it will visit that support level again tomorrow or Monday. It still may after all the pre-earning excitement is over.
Good for you. I was just wondering. NIO PPS went below 6 today. You bought it with a limit order of 6?
People are selling their cars and properties or getting a loan to buy more NIO at this level.
Best trades to you
Almost anything you want here in this territory.
did you buy in? or wait a little longer? I broke my own rules and bought early. I need to learn to walk away and come back next time. After 5.71 is an un-charted territory in terms of supports.
Did u buy it today at 6.06?
My patience ran out and filled it at $6.21 moments before it dropped to $6.15! Been looking at it forever already! Big buyers may jump in any time now when it gets closer to the bell
The support is very slowly weakening due to relatively higher volume accumulation. Small and steady accumulations
I believe it will have the "umpphh" that brings more investors in. We'll see what the House decides to do with NIO next week before ER. That will determine when to get in.
You have a good weekend as well.
tdeck, I bailed out at 2 cents below what I bought in. I will now join you in the waiting game for the lower support levels. I dont think the House wants this to go out of control. They will continue to keep it low. I dont how low it gets. My only humble opinion
looks like it is not going to happen during after hour trading today. I should have bailed Even during the regular day trading hours today. i was expecting NIO to go higher during after hours today, but instead it is going the other way so far.
75% of yesterdays volume was short trading. Today the House is letting up a little bit, refilling their shares to short again soon. We should see pps heading back down to support levels as early as tomorrow or Monday. They will try to hold pps way down until the day before. Not sure if NIO will have any more big investors buying in to counter what the House is doing. I know one thing for sure. The House always wins at the end.
pps did not get there yesterday nor this morning, but very likely today.
when are you going to buy back in?
I just checked and they said they are sticking to the schedule. No companies ever did it earlier than what has been announced in their press release. It would be a violation of SECC rules if they do it earlier than what was announced in press release.
still a long time from today , and the market is in the mix, there is still much uncertainty what is going to happen between now and then.
Thanks. We'll see. It is zooming right through the support as we speak
we'll see. It is hard to bail once it is in the 5s without losing $ . I will just be another sitting duck waiting out on a positive ER.
My average is $7.87. seems like NIO is dropping as expected in chart. I m kicking my self in the butt for not canceling my buy order at $6.50
The strong $6.50 support was broken. Next intermediate support is at $6.26 and then $5.35. My buy order at $6.50 was filled as i forgot to cancel and edit it, unfortunately. GLTA
The $6.50 support level is being tested big time right now. The next support level is around $5.35. Go NIO GLTA
According to Fidelity Investment, next NIO support is $6.26 if the $7 support is broken.
Shorts or the House is trying to break the $7 wall of resistance to take it down below 7 today, but apparently there are lots of buying interests around low 7s. If the $7 wall is broken, there are no other walls to hold it up, and it may unfortunately be free-falling after that. Hang on in there longs. GLTA
we need to hold but the House will try to take it to down. I dont know how low but possibly below 7 again. Longs
PPS will take more beatings to below 7 again within the next two weeks due to the intense tariff war and hedgefund's manipulation of option trading before it can see blue sky at end of the tunnel. Hang in there Longs.