The Long Investor

$NIO TOP 20

Added 2023-09-11 09:14:41 +0000 UTC

Because it is Monday morning and the chart in the short term has not changed, it is worth remembering the big picture here and why we have so many members who are fans of $NIO in our group. Primary Wave 3 goes as far up tp $113 at the 1.618 Fib level.....not till the start of 2026, so the question is, would you wait 2 years to gain 10 X from here and I hope the clear answer from everyone is yes.

10 X from here would have $NIO's market cap at $160 Billion....in comparison, $TSLAs market cap right now is $788 Billion. So even in 2 years time, where $NIO will likely be producing 500-1 million cars a year, $NIOs market cap will only be a quarter of what $TSLAs is right now.

So the next question is, is $NIO's price target at $113 justified in 2 years time at $113 in comparison to $TSLA, and again the answer is yes and this is being conservative.

So our long term goal here is clear.....it is worth taking a step back at times to consider the big picture and why the price now at $10 or at $9 or $12...is really immaterial. We can also understand why I and many members are working on adding to our average around these levels and are happy to do so.

My plan remains the same as I have a lot of $NIO shares already, if the price comes down to the 0.78 Fib at $9, I will continue to add, if it goes higher from now then that is great too.

I am focused on long term.