$NIO Inc.(NIO)$This thing is legitimately dead. All other EV stocks, both American ones $Lucid Group Inc(LCID)$and Chinese ones $XPeng Inc.(XPEV)$, have been inflating into a bubble. Yet NIO doesn't follow the uptrend. When the bubble bursts, NIO tanks along with them. So sad that I have conviction in this company but less and less conviction in the stock.I think I'll most likely sell, and buy in again in the weeks leading up to NIO Day in December...
$S&P 500(.SPX)$make sure to average down on your stocks this month -- September is historically the worst performing month for the stock market and it seems to be showing.
As mentioned, I cashed out on $NIO Inc.(NIO)$last night. Still holding onto $XPeng Inc.(XPEV)$and may buy in if tomorrow's price action is good.Otherwise, I'll continue holding the amount as cash for now while I seek the next opportunity. Maybe $Sea Ltd(SE)$? Feel free to share any ideas here and I will research into it!
Thanks for sharing your opinions about $Grab Holdings(GRAB)$@Tanjk02I feel the same way about them. GoJek is playing the long game. We'll need to compare financial standings of both companies to have a clearer idea of which company is more likely to last longer.
I'm quite lucky to have cashed out all my positions right before Omicron and the China delisting saga. Currently sitting on 100% cash and waiting for the bottom of the correction.$NIO Inc.(NIO)$$S&P 500(.SPX)$