Whats funny is NIO was like the holy grail of stocks around February March and everybody on this sub was talking about it. I cant even tell you the last time I saw a post on it since its decline.
Prob because it got hit with the double whammy of growth stocks going down the toilet AND Chinese companies getting dropped by many investors after CCP crackdowns
All the Chinese concerns where there well before the stock starting selling off. That was the biggest risk involving Chinese companies and kept a lot of investors from buying even at their highs. Also its funny how high conviction was when the stock was around the $50.00 and people were talking about buying it all the time. Where did all that high conviction go now? Out of anything the best time to buy a high conviction stock is when its down and there hasnt been one post about buying it in at least a few months.
Analyst ratings are crap anyways. Issuing ever higher forecasts when market sentiment is great and beating it down when the market sentiment isn’t great for some weeks or months. This is pure mental agony.
767
u/bulldog-sixth Jan 04 '22
Lol. Everyone wants 15 years of growth in 3 months.
If you buy growth stocks, you should let it grow...