Replies to post #9659 on Nio Inc (NIO)

[CRAZYJC]

Agree 1000%

[JLS]

I would not short INO.

That would be stupid. JMO

I have traded it though, four times early last year, each profitable.

I did all-in Buy/Writes simultaneously in two accounts with the intention I would be in and out within each week. Worked every time.

FWIW, I never look further out than one week on anything.

That type of trade is essentially a Long/Short position with profit predetermined at entry, and it's very efficient and effective. Within that week there is time to modify the trade once or twice to improve it or save it.

So, as is very common, I'm all cash now and waiting to snipe something. That's more or less why I looked at NIO.

Right now I'm not counting on being able to do anything on Monday as the futures (as well as last Friday's trade) is looking like Monday is going to be a down day for the market. I would rather wait to play the bounce as I think the longer trend for the market is still higher.

[BottomBounce]

$NIO The 13 analysts offering 12-month price forecasts for Nio Inc have a median target of $23.68, with a high estimate of $87.85 and a low estimate of $6.29. The median estimate represents a +540.09% increase from the last price of 3.70. https://money.cnn.com/quote/forecast/forecast.html?symb=nio

[BottomBounce]

$NIO & $INTC Mobileye and NIO Partner to Bring Level 4 Autonomous Vehicles to Consumers in China and Beyond https://newsroom.intel.com/news/mobileye-nio-partner-bring-level-4-autonomous-vehicles-consumers-china-beyond/#gs.ru3y6t