Nio Inc (NIO)

[archilles]

The Premarket drop was due to a fake news which said the 5B Yuan deal was terminated. My Chinese friend read the Huzhou government statement. The statement said no deal was signed at the moment, they are still evaluating the risk and the chance. The talk is on-going, but cannot release more. Also it said it was Nio who leaked the talking.

So basically there isn't any bad news to NIO compared with last week. The chance for 5B Yuan deal still exists.

Yahoo and Bloomberg didn't publish the news in first place yesterday which is in favor of NIO. But they did publish the bad news even it's fake in earliest time. I guess you dont expect much positive from hedgefund generating news for their self interest

I am buying the dip bc the PPS will turn around soon