Shares of $NIO soared 10% yesterday after the company launched a new SUV. They've been doing well lately and the stock is already up more than 30% in the last month. Many investors are still losing money on this stock, but sentiment may be starting to turn and the stock could continue to rise.
Do you still hold shares of $NIO? Are you still in the red, or have you already taken profits?
For me, China is still a big risk and I don't trust those companies, so I prefer to focus on those European car companies.
I have a few stocks in my portfolio and I'm still in the red, but if the positive sentiment continues, I could finally be in profit.