$NIO Inc (NIO.US)$ Is it a good time to buy now? & do you gu...
$NIO Inc(NIO.US$ Is it a good time to buy now? & do you guys think it is suitable for short term investments?
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skite88 : Probably you want to consider How much in gains you are expecting and your buying power Vs lose tolerance. Short term I doubt much gains from current Situation. Probably until Dec then we might have a better jump?
EurekaaaOP skite88: ok thank u!
ramenbowl : Limited upside mainly due to increasing competition in the EV space in the long term.
Many more established automakers like Ford, Toyota etc are catching up by manufacturing their own EVs.
In share price alone, xPev a close rival has already caught up with NIO. Just recently, xPev has also entered the Norway market to compete for a share of the already small pie.
Other factors that may cap it's upside in the near term includes:
1. Global chip shortage problem leading to higher costs for everyone from manufacturers to companies and to consumers
2. Threat of delta variant still remains a major threat to complete reopening of major world economies
3. Danger of Chinese ADRs being forced to delist due to strict US account regulatory standards
Can consider accumulating some if it drops to low 30s. But highly not recommended to enter now at this price.
EurekaaaOP ramenbowl: Thank you for the advice!
sentosa island : yes time to accumulated the nio share