$NIO Inc.(NIO)$ I thought I was catching the bottom, but it turns out I was buying in at what feels like halfway up the mountain. I didn’t expect this tariff situation to hit the valuation as hard as it did, honestly. But you know what? I’ve been doubling down—buying more as the price falls, lowering my average cost along the way.

Now, with the price at a 0.98 price-to-sales ratio, it honestly feels like there’s almost no fluff left in the stock. All the excess has been wrung out, and what’s left is the solid stuff—the “real” value. At this point, it’s all about holding tight and trusting the fundamentals. If the company’s core business is strong, this could be the point where the stock starts to bounce back.