Replies to post #20873 on Nio Inc (NIO)

[13strats]

I understand that. I sold half of my shares between 46 and 49. I have 1500 sh left and wont sell again till a min of $60. My ave was $4 now my shares are free. If it does fall to $32 level i will probably buy a few back. I dont look at anything as long term. I take profits from everything i own when available

[longboarder7892]

Fantastic for sure lol. What a great short this was from 41.40 it just took one day to watch this fall 8%. locked in the profits with some options now lets see what happens. Either way we just made 8% in hours if it goes up we make the money on the calls and if it goes down further we clean up on the hedge. This was easy money and Wall street doesnt give gifts this easy lol. Have a great day..$$$$$$$$$$$$$$$$$$$$ most wont post their trades real time but I did and learn from it.

[Mugwumps88]

It hurts when they dilute but remember last 2x the PPS rebounded immediately. Hoping it does again. Selling in Norway now double production capacity, introducing more models. Future is bright temporary pain

[longboarder7892]

Well it looks like no one wants to buy NIO any longer. I love it when a short pays off. I used to hate trading form the short side on overseas companies like NIO because you truly have no real clue if the reports are real. Well Im thinking high 20's will be easy now with Wall Streets concerns regarding China's indebted property sector ripping into global markets. What will be next for NIO ????? I hope it wasnt one of their cars that blew up the other day that just wouldnt be good for anyone. Have a great day and stay healthy. Would u buy a NIO car I wouldnt thats for sure.

[longboarder7892]

Man the short play on NIO paid off BIG. Just like I said it would. So nice to come back from vacation and see we made even more than I thought we would on NIO shorts. We covered all the options this morning just as it hit below 34.00. From 41.00 down to 34.00 ca ching. Ill let the dust settle and then maybe take another butterfly straddle on NIO. We can see the mid 20's sooner than many think here. Like ive said short all the rallies on NIO until I see something that looks bullish. For now its still over priced so short the lil rallies. Have a great day...................

[longboarder7892]

Well once again we made a killing being short NIO. This last time we shorted that silly pop above 44.00 buying puts and selling calls. Man this was to easy. We covered our short position when it hit 32.00 and put on a small long straddle for the bounce. Good luck and have a great day