Nio Inc (NIO)

[JellyDonut]

https://investorplace.com/2020/01/nio-stock-soars-on-rumors-of-potential-billion-dollar-cash-infusion/

If you’re looking to build a bullish position in NIO stock, I have two suggestions.

First, size small enough to ensure you can withstand the outsized volatility. If NIO fails to get the cash influx that it needs, we could see the recent gains rapidly unwind.

Second, because I’m not a fan of chasing a stock gunning for its seventh-consecutive up day, consider scaling-in instead. Buy some shares now but leave the door open to buying more at lower prices in case NIO stock pulls back over the coming days.