NIO getting killed again today. Glad I cut my losses a ways back. I know awhile back people on here were saying they felt it was a good long term investment. Do any of y'all still feel that way?
Yep! Just not until something happens with the Chinese trade agreement.Beerosch said:
NIO getting killed again today. Glad I cut my losses a ways back. I know awhile back people on here were saying they felt it was a good long term investment. Do any of y'all still feel that way?
Agreed...but I'm also done lowering my cost base at this point unless I sell covered calls way outIrishTxAggie said:Yep! Just not until something happens with the Chinese trade agreement.Beerosch said:
NIO getting killed again today. Glad I cut my losses a ways back. I know awhile back people on here were saying they felt it was a good long term investment. Do any of y'all still feel that way?
$5 2021 LEAPS for $0.70 and forget about itgougler08 said:Agreed...but I'm also done lowering my cost base at this point unless I sell covered calls way outIrishTxAggie said:Yep! Just not until something happens with the Chinese trade agreement.Beerosch said:
NIO getting killed again today. Glad I cut my losses a ways back. I know awhile back people on here were saying they felt it was a good long term investment. Do any of y'all still feel that way?
I did Nov 2019 for $0.20 (and covered half my position). If we aren't there when those come up, will probably just do the same for another few months out and keep pocketing some premium on it at leastoldarmy1 said:$5 2021 LEAPS for $0.70 and forget about itgougler08 said:Agreed...but I'm also done lowering my cost base at this point unless I sell covered calls way outIrishTxAggie said:Yep! Just not until something happens with the Chinese trade agreement.Beerosch said:
NIO getting killed again today. Glad I cut my losses a ways back. I know awhile back people on here were saying they felt it was a good long term investment. Do any of y'all still feel that way?
Agreed...just feels like we're slightly coasting up, I guess a green hammer technical (if we end that way) would make me feel a bit better about itoldarmy1 said:
Does this feel like a bottom to anyone? Intraday bottom might have been set. Maybe even a bounce on trend but I've seen nothing to suggest a macro shift.
Long way to go, but staying here for the day would leave the green hammer...oldarmy1 said:
So we've managed to come back to just above where we opened. Have I made that observation before?
Beerosch said:
NIO getting killed again today. Glad I cut my losses a ways back. I know awhile back people on here were saying they felt it was a good long term investment. Do any of y'all still feel that way?
Same pattern as last few days. Open ugly, sell down, have a rise just beyond opening (to suck people in) reverse.gougler08 said:Long way to go, but staying here for the day would leave the green hammer...oldarmy1 said:
So we've managed to come back to just above where we opened. Have I made that observation before?
oldarmy1 said:Same pattern as last few days. Open ugly, sell down, have a rise just beyond opening (to suck people in) reverse.gougler08 said:Long way to go, but staying here for the day would leave the green hammer...oldarmy1 said:
So we've managed to come back to just above where we opened. Have I made that observation before?
My pure guess is that we don't break the Oct '18 lows. Then we will be talking about the awesome IH&S pattern that has set up since Jan '18oldarmy1 said:
I don't know at this point. We lost the support that would have kept trend intact as shown here. Once that was broken its a crap shoot and selling accelerated meaning more downside likely. We quickly are approaching the next gap shown on here as well. Then comes the death levels marked.
https://imgur.com/EhbOY7v
I'll sign up for that massive Inverse H&S. An ugly opening Monday would be a buying opportunity, even if short term IMO.Ranger222 said:My pure guess is that we don't break the Oct '18 lows. Then we will be talking about the awesome IH&S pattern that has set up since Jan '18oldarmy1 said:
I don't know at this point. We lost the support that would have kept trend intact as shown here. Once that was broken its a crap shoot and selling accelerated meaning more downside likely. We quickly are approaching the next gap shown on here as well. Then comes the death levels marked.
https://imgur.com/EhbOY7v
I could see us flashing down on Monday but slowly recovering by middle of next week. That'll be ~10 straight down days before the recovery.