Quote:
Originally Posted by RunKC
Not many of you guys do this so I will: I like NIO but I just don’t know if I want to buy it. I listened to the Stock Moe and he is adamant that this thing is going to get to 100 this time next year.
China is moving heavily towards clean energy and want 20% of their new cars to be EV. Tesla is still in the beginning phase of their China rollout but I don’t think they want them to rule that market seeing that NIO is getting gov money.
They also do the battery program which is really cool. That’s something Tesla doesn’t do.
Am I crazy to think this stock could be at 200 in a year and a half to 2 years?
|
Price targeting stocks like that is a crapshoot. You’re convincing yourself it’s going to do something great. Watch the chart and see if it starts moving on volume and you’re finding institutional buying. Look at fundamentals and actual growth.
If you do make a play early, you’d be smart to limit downside risk with a stop loss as this sector is heavy speculation at this point.