as noted on my last post I grab some share at 13 my first middle "golden zone" when it drop down to 10ish I loaded some more.
and if it drop down to 7 best believe I'm load even more. WHY?!?!?!?!?!?! well read below.
I still firmly believe in this company as a whole. especially when you add the pollutions problem in china, plus the ccp dump close to 1 billion dollar to back the company. a lot of time more often then not the government wouldn't want to let a company fail when they put 1 billion TAX PAYER MONEY as subsidiary. then add on populationssssss of people in china it dwarf the rest of the world. people also been thinking a lot "GREENER" not just in china but as a whole world. EV BEEN ON THE RISE by 50%more in china then the rest of the world. oh and add on the fact that people tend to support product made in their own country witch leads back to the amount of sell that would boom just in china alone due to how many peoples their is in china. they just did 50000th car not too long a go that's pretty good considering the car company is still in its infancy stages
also a side note this company also focus on tech that they make and sublease to other company so its not just a car company so don't forget that.
I can go on but I think you get the point.
the down side
sure the company balance sheet isn't as "PURRRFECT" as a lot of investors would like it to be. still its been showing a lot of growth over the pass year as a company.
just look at how long Tesla took to turn profit in the beginning Tesla was trading at 20ish for quite a few years then pop pop pop pop pop to new higher high
so what if you got in at a high price is still noting when looking at the big picture of how thing will turn out in the future.
potential. 10-100x return in 1-5 years. well worth the investment in my eyes for a growth stock.
NIO
and if it drop down to 7 best believe I'm load even more. WHY?!?!?!?!?!?! well read below.
I still firmly believe in this company as a whole. especially when you add the pollutions problem in china, plus the ccp dump close to 1 billion dollar to back the company. a lot of time more often then not the government wouldn't want to let a company fail when they put 1 billion TAX PAYER MONEY as subsidiary. then add on populationssssss of people in china it dwarf the rest of the world. people also been thinking a lot "GREENER" not just in china but as a whole world. EV BEEN ON THE RISE by 50%more in china then the rest of the world. oh and add on the fact that people tend to support product made in their own country witch leads back to the amount of sell that would boom just in china alone due to how many peoples their is in china. they just did 50000th car not too long a go that's pretty good considering the car company is still in its infancy stages
also a side note this company also focus on tech that they make and sublease to other company so its not just a car company so don't forget that.
I can go on but I think you get the point.
the down side
sure the company balance sheet isn't as "PURRRFECT" as a lot of investors would like it to be. still its been showing a lot of growth over the pass year as a company.
just look at how long Tesla took to turn profit in the beginning Tesla was trading at 20ish for quite a few years then pop pop pop pop pop to new higher high
so what if you got in at a high price is still noting when looking at the big picture of how thing will turn out in the future.
potential. 10-100x return in 1-5 years. well worth the investment in my eyes for a growth stock.
NIO