While I absolutely think that NIO can grow very, very big with the gov's help and with the recent equity injection, I think it would happen at a bit later stage. Technically speaking, the stock is inflated and needs to reset. JPM gave it a last burn boost to hit high today but don't see it continuing at this point. So, a very risky sell for me with about 50% of my position in NIO just to buy back lower after -20%.
