Dip is happening now. Consider going in now.
Citron says take profits on Nio
Nov. 13, 2020 9:58 AM ETNIO Limited (NIO)By: Clark Schultz, SA News Editor75 Comments
- Citron Research pulls the plug on its recommendation on Nio (NIO +11.3%) about two years after making a surprising bullish call on the EV automaker.
- "It is time for investors to rotate out of NIO, enjoy your profits and look for the next disruptive technology," the firm.
- Citron's price target of $25 indicates a drop of more than 50% for Nio.
- Wall Street is still leaning heavily to the bullish side on Nio with 9 Buy-equivalent ratings, 5 Neutral-equivalent ratings and 1 Sell-equivalent ratings on the books.
- Shares of Nio have taken just the slightest of turns lower after the Citron call. The Chinese EV sector is riding higher today after Li Auto's earnings report.
Who the fuck is citron?
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Chinese EV maker Li Auto shares soar on revenue beat, while Citron 'pulls the plug' on NIO
Chinese electric car startup Li Auto is soaring as much as 25% during Friday’s morning session after reporting a top line beat for its first quarterly results since going public.finance.yahoo.com
<---this guy...still new to thisBig instutiution manipulating a good thing so they can get in nice for next week. I know they just fucked a lot of people.
Anyone concerned the US is heading towards another lock down?
Concerned? At this stage and with these numbers it's pretty much has to happen.
Sadly, the previous regime half assed it the first time.
I'd expect provisioned in the form of monthly stimulus payments made to sustain folks.
But yeah from Jan 20th to about about Feb-Mar it is going to be a full lock down.
Guess I'll be prepping my stop losses and these long play puts.
WOW... I was under the impression that Option plays didn't count against the Day Trade rule in Robinhood... am I mistaken? Because they're telling me I'm in jeopardy of the DT penalty....just WOW
GOTDAMMN!!!
Citron KILLED $NIO...down almost 15% in a matter of hours..from a high of $54 to currently $41...
Now i don't know what to expect on their earnings report next week.
@havelcok i hope you closed your 5k profit awhile back.
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It would be wise to follow that group. They actually have the weight to move the market with a tweet. They aren’t the only ones.GOTDAMMN!!!
Citron KILLED $NIO...down almost 15% in a matter of hours..from a high of $54 to currently $41...
Now i don't know what to expect on their earnings report next week.
@havelcok i hope you closed your 5k profit awhile back.
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$NIO dropped faster than I hoped but it still has plenty of room to fall. If no rebound Monday, I’m reversing to short.I’m holding $NIO over the weekend but selling right before earnings. It will drop. If I’m wrong I’m wrong but i see it taking a 20% haircut. $LI was up in AH.
Citron playing games with Jumia.
This is a long post, but I'd like to share some of the experiences and wisdom I've picked up during my trading career.
Just a little food for thought for those that are new to options trading or trading in general. By borrowing from day trading strategies and applying them to options, intra-day, especially on expiration day, it's possible to yield 1000%+ profits in an hour, sometimes less. The caveat, of course, is that these are risky trades. The key is discipline, staying in the trade only if the trend holds, and getting out with zero bias or hesitation if it turns against you. In my time, I've learned that analysis is easy; it's the discipline of entering and exiting trades that takes years to develop. It will, without a doubt, be the most challenging aspect of what will hopefully be a long and prosperous trading career for you. Let me cite a few examples I've personally seen from the past few days:
SPY options expire every two days. This is perfect for those who are subject to PDT rules and want to see significant gains. It allows for three great trades per week. With good discipline, you won't take any losses and will only lose one of your three day trades for the week if you get stopped out. So what actually happened? In the last 30 minutes of the day, the 11/09 358 puts jumped from $.25 to $5.40 on a $6 move from $360 to $354. That's 2,150% in 20 minutes. Easy way to turn $100 into $2000. If you'd like to see how this looked, analyze the last hour of trading on a 5 minute chart for Monday 11/09 for SPY. I personally use a 9 SMA in conjunction with bollinger bands, whose center line is actually a 21 SMA, to determine trend continuation. For downtrends, I look for price action that stays between the bottom bollinger band and the 9 SMA. A across above the 21 SMA is my cue to exit the trade, with very rare exception. The picture I included illustrates what this looks like from my perspective. Another example...
Last Thursday 11/06 255 calls on SPOT were trading for $.30. This was a trade that I actually took, but closed the position at $2.00 for a healthy, albeit premature 600% gain. Low and behold, at the end of that day, those calls sold for $5.70. I wasn't bitter until the next day, when those same calls sold for $18.50 at end of day. If I didn't let fear pull me out of that trade, I would have realized a 7,200% gain. Better to take small profits than big losses though, always.
Best of all, and truly a unicorn of options trades, 11/13 280 puts on BIIB were trading at $.50 this past Friday. Monday morning they sold for $81.00, a 16,000% gain. If you check out the chart it's obvious why this was possible. A $500 bet would have netted you $80.000. The downside? You lose $500 if it moves against you. To me, that's a very acceptable risk/reward. Hell, even for $100 you would have walked with $16,000. Very acceptable. For being a level 99 speculative trade, those that took it will remember it for years to come.
These are just a few examples of trades that really happened. Anyone that took these trades should be proud of themselves. I'm not recommending that anyone just throw money at options. Learn your greeks, learn extrinsic/intrinsic value, and learn how to use time decay to your advantage. I actually recommend watching the option chain during market hours and taking note of how prices are affected as a stock moves up and down. It will give you a great idea of how derivative pricing works.
My best trade to date was 3,500% on CHK before it was delisted. I'm still proud of that one, and I've had a few homeruns since then. I've only been doing this for about a year, but I've invested a great deal of my time, emotions, and capital to get where I am today. If I can do it, anyone can do it. Stay positive, be objective, work on your discipline, and don't take anything the market does personally. Good luck and happy trading!
I couldnt get out of my Dec. calls so unless something changes I'm ride or die through ER. Even when it was at $53 the premiums on NIO were fugazi. It was so deep in the money it was completely illiquid so the pricing was trash. As long as it stay above $40 after ER i max out though. Nio day is January 9th so I am going to look for some cheap jan calls if it dips on Monday or after earnings.Damn. All my positions in LI, Plug, NIO & Xpev are up crazy during pre-market. It’s about to be a crazy day
Here is the chart he posted with it. Says he looks for this type of setup of large and mega cap stocks. TSLA moved from .50 to 2.50 for instance. Look for stocks that can move 10% in a few mins.This is good! Post more if you have it.
Tech stocks will be on sale today$MRNA claims 95% effectiveness rate against COVID![]()
Yes - options or equity analysis?Anyone got a feel on Walmart earnings for Tuesday? You'd think with the Pandemic their earnings should be off the charts.