Timmaay wrote: » https://cntechpost.com/2020/10/14/jp-morgan-sharply-raises-nio-price-target-to-40-representing-85-upside-potential/amp/
HelloYoungBoy wrote: » Thats a huge upgrade. This is going to be a good day
Timmaay wrote: » .... NIO has been growing steady and regardless of this 40$ target I'd only expect it to leg up towards 25$, or if it gets pumped to 35/40 then I'd expect it to settle back towards 25 over afew days.
garrettod wrote: » Hi, Are you basing that $25 on some form of valuation method (and if so, mind sharing it please?), or just a hunch?
Timmaay wrote: » When I saw the romours on stocktwits 1st thing this morning I threw an order put in for 200 more shares on the frankfurt exchange for €18.70, but got cold feet and cancelled it immediately. Of course it shot up to €20 then on the actual news lol, and I fomo'd so actually bought more then lol. NIO represents half my overall portfolio at the min, I've bought steadily most the way up from $5, I do need to take profits and reduce my exposure to one single stock I know. NIO has been growing steady and regardless of this 40$ target I'd only expect it to leg up towards 25$, or if it gets pumped to 35/40 then I'd expect it to settle back towards 25 over afew days.
Timmaay wrote: » Dipped to $26.50 this morning, I picked up 200 shares on the frankfurt exchange, and quickly enough the large institutions stepped in and bought up the dip and back to $28. If only I bought more lol.
crushproof wrote: » As someone who though they were smart doubling their money and selling out at $9 I envy you all!
Timmaay wrote: » Don't worry, I know your pain, had 1700 shares which I sold for 3.50 back in April ��
crushproof wrote: » Haha glad I'm not the only one. Win some lose some, tis the nature of the beast!
canonball5 wrote: » Almost one year since I started this thread, I can't believe where this price has gone.
Jim2007 wrote: » This is a company that not only is burning through cash a rate of knots, but has serious difficulties in raising further funding and in fact it's most recent attempt fell through. Base on it current cash holdings, if it continues it will survive a couple of more months before it crashes out. And it's gone through it's second senior financial manager in a couple of months. There is no incentive for the Chinese government or anyone else for that matter to step in, it's cheaper to let it burn out and pick up the pieces in a couple of months and the Chinese government are not in the business of making westerners wealthy. The company's immediate problem is funding and given that they seem to have no access to such funding, you can expect if it is to be found in will come at a sever cost to the current shareholders in some form of capital restructuring exercise. This is a very small company, a penny stock subject to all the usual risks of manipulation etc... and it will be difficult to get out when the bad news comes. This is not by any stretch of the imagination an investment grade stock and should be avoided by anyone serious about growing their wealth. You've basically bought a block of debt on the hope that something good will happen.....
RIGOLO wrote: » a near 30x return in 12 months and one year since you got this response ... ..
cronos wrote: » Time for a new thread on a different company? Any suggestions? Or are prices just too high in general in most cases at the moment.
Timmaay wrote: » NET, BIDU, TENCENT are 3 I need to do homework on they are either Chinese or have big exposure to China, which seems to of come out the other end of covid very well at the minute. NIO has plenty more room to go in my view however, up to 33$ premarket at the minute and yes largely gone parabolic which is always dangerous, but I'll happily let it go further.
