I’m all in on NIO,HOWEVER. via /r/wallstreetbets #stocks #wallstreetbets #investing

I’m all in on NIO,HOWEVER.

I'm not crazy enough to play earnings. Its got a lot of potential and has made a lot of progress over the past weeks but seeing as earnings are coming up and the hype is high,I can tell that the market has very high hopes. If the Market isn't impressed by banger earnings from this company then I can see it dropping very low and erasing everything we have built up during the pump. So this is what I'm gonna do.

My positions are 41c 42c 43c, each dated for 11/20. I fully believe it'll reach 50 before next Wednesday during the hype which is why I'm gonna sell before earnings then buy back in for a much later date so if it does tank, I'm still safe and walk away some gains. If NIO does rise after earnings, I fully believe it reaches 60 afterwards. Its the only stock I have options in so you could imagine I'm riding this thing till the gains fall off.

Submitted November 12, 2020 at 12:50AM by SalmonTheSalesman
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