DanielT0304 :
COE needs to make sure Nio is profitable else it will go bankrupt. It could be as simple as cutting R&D cost, it shouldn't be that difficult.
Shogun80c_mk:
Yes but be cautious. It will likely continue to dip. Even if it moves up next week, it will subsequently plunge again bcoz the company is still not making money. It will take a while before the price makes any “encouraging” move. The price has been constantly trading below all the 3 EMAs.
c_mk : Time to buy the dip
DanielT0304 : COE needs to make sure Nio is profitable else it will go bankrupt. It could be as simple as cutting R&D cost, it shouldn't be that difficult.
Shogun80 c_mk: Yes but be cautious. It will likely continue to dip. Even if it moves up next week, it will subsequently plunge again bcoz the company is still not making money. It will take a while before the price makes any “encouraging” move. The price has been constantly trading below all the 3 EMAs.
cash cow 888 DanielT0304: Cut R&D of a growth stock. You must be joking
bullrider_21 : Maybe should convert to dealership for all brands. Direct sales model too expensive.