$NIO Inc.(NIO)$ Why is it up again? Perhaps it is because the $16dollar stock is trading 300% under. Yes, that is what it is. Unless you want to listen to some goofball day trader rolling dice and trying to rip you off.
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But many are waiting to sell.
You can buy more since it's a $16 as what you claimed.
Are you better than the analysts who only valued Nio below $10.
Nio need to show results before it can really move and there are many months ahead for this year.
I think first half won't be good.
Nio is cheap now but it's still a risky investment.
Many shareholders are trapped at above $10 and they're waiting for a miracle.
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$10 is a tall order for a very diluted stock.
Many waiting to sell.
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Next week may see some correction after CNY.
STAY SAFE. Don't anyhow buy.
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Aim low if really need to buy.
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Car nice