NIO's CRASH is imminent!!...
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NIO, one of the notorious P&D stock, it ran up from low 3s to the current 20s!...this is an astounding rally with no substance, except it is a Electric car co?...the idea and business is a good one, but financially this company has massive amount of Debt, it will burst someday even if the company successfully launches new cars and sells it, the Debt is impossible for this company to cope or pay back!
Nio Inc (NIO)
20.44 +2.60 (+14.57%) 08/26/20 [NYSE]
20.46 x 5 20.47 x 5
Post-market 20.46 +0.02 (+0.10%) 18:15 ET
Quote Overview for Wed, Aug 26th, 2020
Not sure what kind of pumpers kept pumping this stock, soon some day the crash is imminent for this P&D NIO!
