Alan, 20 Jun 2022Nio has some magnificent cars and appears to have a great future. Now if only it’s stock pric... moreIf you bought at 43, after an almost 5x increase within a couple of months (May to October 2020) the correction doesn't really come as a surprise...
Of course it's easy for me to be smart retrospectively.
I still think you will get your money back and gain eventually because the company has pretty solid perspectives...
Nio has some magnificent cars and appears to have a great future. Now if only it’s stock price would reflect this. I bought 5000 shares of NIO at an average price of 43.76 a couple of years ago. Shares are now 20.77 and I’m down around $117,000. That’s quite a large hit.
It would be competitive at 2/3rd of the price, but at the listed prices it's too expensive for what it is.
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