search instagram arrow-down

I Bought Nio

The last time I bought the stock at this levels I was handsomely rewarded with a double digit gain. Right now Nio is pretty close to its 52-week low of $5.35 and I expect a bounce. I’m not really looking at this as a long-term play, though Nio has the potential for greatness. The Chinese economy is too soft and there’s a lot of selling pressure on Chinese stocks to be thinking long-term.

Leave a Reply
Your email address will not be published. Required fields are marked *

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: