Replies to Post #43280 on$.0001-$.0011 News, DDs & Charts Only!!!

Replies to #43280 on $.0001-$.0011 News, DDs & Charts Only!!!

02/27/19 10:02 PM

$NIO/https://finance.yahoo.com/m/358b4bc0-d0a6-354e-b77e-be3a7ce556/did-citron-research%E2%80%99s.html?utm_source=yahoo&utm_medium=feed&yptr=yahoo

Did Citron Research’s Predictions for NIO Come True?
Market Realist
John Parker
,Market Realist•February 27, 2019

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NIO Investors on Cloud Nine with 35% Gains in Five Days(Continued
from Prior Part)China’s EV sales growth Previously in this series,
we looked at China’s declining overall vehicle sales for the
last eight months.
Nonetheless, a consistent

https://marketrealist.com/2019/02/did-citron-researchs-predictions-for-nio-come-true?utm_source=yahoo&utm_medium=feed&yptr=yahoo

Did Citron Research’s Predictions for NIO Come True?
By John Parker
9 hours ago
China’s EV sales growth
Previously in this series,
we looked at China’s declining overall vehicle sales for the last
eight months.

Nonetheless, a consistent positive trend in the country’s electric vehicle sales reflects
a huge opportunity for local electric carmakers including NIO
and foreign electric vehicle makers including Tesla (TSLA).

Over a last couple of years, other mainstream automakers
General Motors (GM),
Ford (F),
Toyota (TM), and
Honda (HMC) have also accelerated their plans to strengthen their electric vehicle line-ups in China.

Citron Research on NIO
On November 19, short seller Andrew Left’s Citron Research
recommended
a “buy” with a short-term target of $12.00 on the stock.

Back then, the research firm, in its report, said,
“Just like Tesla was not a simple U.S. electric car story,
NIO is so much more than just a Chinese electric car story.

NIO’s visionary management is revolutionizing the high-end auto industry in China.”

Citron Research’s optimistic predictions for NIO are turning out
true so far.

On March 5, when NIO releases its fourth quarter of 2018 earnings report,
investors and analysts might look carefully at the company’s 2019 outlook.

For years, Andrew Left criticized Tesla and recommended a
“sell” on its stock before surprising everyone by turning positive
in October.

In October, Citron said, “With a great deal of analysis
and due diligence that we can say for the first time,
Citron is long Tesla” as it’s “destroying the competition,”
Reuters reported.

As of February 26,
NIO stock has risen 24.2% month-to-date.
In comparison, other Chinese companies
Alibaba (BABA),
Tencent Music (TME),
HUYA (HUYA),
Bilibili (BILI),
Uxin (UXIN), and
Weibo (WB) have gone up 8.9%, 19.7%, 21.4%, 7.2%, 42.2%, and 22.5%, respectively, in February so far.

In contrast, Tencent Holdings (TCEHY) and Baidu (BIDU) have lost nearly 1.3% and 6.2%, respectively.