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NIO stock thread

Discussion in 'Electric Vehicles' started by bhtooefr, Sep 14, 2018.

  1. bhtooefr

    bhtooefr Member

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    Figured I might as well put this here, as it is about an EV manufacturer, and it has nothing whatsoever to do with TSLA, so it doesn't fit in the investor forum.

    NIO had an IPO at $6.26 per American Depository Share on Wednesday, and they're, as of this posting, at $14.06 a share. Let's talk about it in this thread, instead of clogging up the TSLA investor threads.
     
    • Like x 1
  2. EVMeister

    EVMeister Member

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    I'd be interested to hear people's thoughts on the longer term viability. Do you realistically think this company could grow into a mini-Tesla in the future. Or are you looking at this as more of a short-term trade hoping to build up some early steam?
     
  3. bhtooefr

    bhtooefr Member

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    Myself, I put a little bit in to see where it goes - if it goes somewhere good, great, if it doesn't, sell and take the profits.

    I don't see them as being as successful as Tesla, but there is a possibility that they somehow get enough hype in their domestic market to displace Tesla there.
     
  4. bhtooefr

    bhtooefr Member

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    Oh, cool, NIO is subject to mandatory morning dips, too!
     
    • Funny x 1
  5. gene

    gene Supporting Member

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    Yep, buying 200 shares. It's not much money. But I remember buying TSLA at $25.
     
  6. Unpilot

    Unpilot Active Member

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    I think that is profit taking....Like I should have done.
     
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  7. emir-t

    emir-t Member

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    Also bought in after yesterday's hype 95 shares @10,6$. If this indeed is the morning dip but not the dump, not a bad price. Don't plan to keep this over the weekend if @ profit though. Don't know much about the company at this point TBH.
     
  8. Unpilot

    Unpilot Active Member

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    Instead I just bought some more...silly me.
     
  9. gene

    gene Supporting Member

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    I had bought 100 shares Wednesday at $6.50. Sold yesterday at +82% profit. Bought the 100 back this morning at what I sold it for. I think I'll gather up like 500 and just sit on it forever. Who knows, could be a Chinese TSLA. If not and I loose 100% it'll be less than $5000. No big deal. On the other hand if it goes up to $100 per share some day, it is like a free Model 3!
     
    • Like x 1
  10. Unpilot

    Unpilot Active Member

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    Yeah hindsight...I bought 70 then 50 more this morning after the dip.
    Might sell if it hits 15 again...I am certainly not in love with it...unlike Tesla!
     
  11. ggr

    ggr Roadster R80 537, SigS P85 29, M3P 80k

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    The whole market had an MMD today.
     
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  12. bhtooefr

    bhtooefr Member

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    Aaaaand I'm out, looks like it's just trending gradually down now. Less profit than if I had gotten out pre-market, but hey.

    Maybe I'll toss some back in later.
     
  13. abasile

    abasile Conscientious investor

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    Personally, I bought a few hundred shares of NIO on Wednesday at $6.135/share. It's a small enough investment that I figure I'll just let it sit and see what happens. While I may buy more if it drops further, it's going to be a minor holding for me compared to TSLA. Still, holding NIO aligns with my overall portfolio goal of overweighting EVs and clean energy while avoiding fossil fuels, "legacy" auto companies, and "sin" stocks (alcohol/tobacco/gambling/porn/etc.).
     
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  14. Oil4AsphaultOnly

    Oil4AsphaultOnly Active Member

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    I bought some on IPO morning at $6. Missed this morning's spike at over $14. Will hold until ~$20 before I trim a little.

    Reasoning:
    - at $20/share, they'll barely be valued at $2B.
    - they produced and sold the EP9 (10 copies were sold for $1.5million each last year).
    - they've sold over 450 ES8's at $60k each.
    - not sure when they'll be profitable, but they're working on having good products. So gonna see how they do in the next few quarters before bailing on them.
     
  15. KevinR

    KevinR In TSLA long since 2011

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    The usual FUDster rags are calling it "Tesla of China". It is no Tesla. It is another player in the electric vehicle market. It is consistent with Tesla's master plan.
     
    • Like x 2
  16. gregd

    gregd Active Member

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    If the "Shorts" start playing with it, maybe it can be the TSLA of China...?
     
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  17. tivoboy

    tivoboy Member

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    I don't know what model you're using, but at 20$ a share they will be valued closer to 20 Billion, not 2B (it's current market cap is 10B today)... at that point it will be WAY over valued in the short term.

    I'm still holding 50% of my position from gosh, was it Wednesday (5.75 entry) having sold at 11$. If we get to 15% I'm trimming all but a tad.

    pigs get slaughtered
     
    • Like x 1
  18. ggr

    ggr Roadster R80 537, SigS P85 29, M3P 80k

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    There is room in the market for more than one successful EV company. I bought some yesterday during the rise. I will hold for at least 3 months before deciding what to do. Maybe Nio will get support from all the Tesla Haters, fine, I'll take their money.
     
    • Like x 2
  19. Oil4AsphaultOnly

    Oil4AsphaultOnly Active Member

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    And this is why you shouldn't listen to people on the internet! I was just going by the finance.google.com numbers and didn't pay enough attention.
     
  20. silentsnow31802

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    I bought into this recently also. My transaction went through at $13.33 a share for 33 shares (Lots of 3's). Not the low price I was hoping to start out with but well see where it goes.
     

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