$NIO Inc (NIO.US)$ When nio did something below expectation,...
$NIO Inc(NIO.US$ When nio did something below expectation, share price drops, when nio did something above expectation, share price also drops....![]()
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102254163 : That’s why it’s a junk stock
安安稳稳过日子 : NIO is consistent
On a more serious note, that’s because the real fruits of labour is not out yet. The delivery numbers will only be out sometime in first week of June. Also, there’s an increase in shorts for NIO ytd. 8.8M shorts.
Why NIO was shorted?
This is my guess but if you look at the options, you will realise many investors are bullish and bought call options. This presents a great opportunity for the shorts to earn money by doing these 2 things:
1) Sell the call options to all these greedy gamblers
2) Short NIO so that the price drops low enough until the call option expires out of the money.
What that means?
If you are greedy and bought call options, you are most likely going to lose money.