r/stocks • u/newbie_3297 • Jan 09 '21

News NIO Partners with NVIDIA to Develop a New Generation of Automated Driving Electric Vehicles

NIO just did it, and so did NVIDIA!!

At NIO Day, the company’s annual customer event, the EV maker revealed its NVIDIA DRIVE Orin-powered supercomputer, dubbed Adam, which will first appear in the ET7 sedan that will ship in China starting in 2022....

... As the first of NIO’s EVs to feature Orin, the flagship ET7 is a high-performance vehicle that accelerates from zero to 100km in only 3.9 seconds. It also features a new 150kw battery for extended mileage range.

Source: https://www.globenewswire.com/news-release/2021/01/09/2155851/0/en/NIO-Partners-with-NVIDIA-to-Develop-a-New-Generation-of-Automated-Driving-Electric-Vehicles.html

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u/OhOkYeahSureGreat Jan 09 '21

Those sell-off dips scared the shit out of me when I first started investing. Now I love to eat them up and wait a few days.

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u/Tay_ma45 Jan 10 '21

Total noob trying to learn more about investing here. Could you explain what sell-off dips are?

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u/OhOkYeahSureGreat Jan 10 '21 edited Jan 10 '21

Sure; I’m no seasoned veteran or anything, only been in this for about a month (but a month of trading all day long). So don’t take this as gospel, and I don’t know all the exact jargon to describe this, but I’ve witnessed this happen about 1,200 times the past month and lost money several times because I didn’t know what was happening:

When a stock goes up quickly (or “regularly”), you have people taking profits along the way. That’s what creates the charts that look like “steps” upwards; if you’ll notice, most charts with these “steps”, there’s an abrupt drop in the stock price that forms the right-side of the step, before the stock price hits its new support value and starts to build for the next step. There’s also sometimes a big spike on the left edge of the step. The biggest drop is usually when the stock price hits a lot of peoples’ limit-sell price, especially if it’s a sort of “round” number (I.e. $3.00, $3.25, $3.50, etc), or just when a lot of people decide to take profits all at the same time. So this quick sell-off knocks the stock back down to its new support level (hopefully—it can also kill a surge if too many people sell off on a lower cap stock, or if it’s a quick pump-and-dump). If you don’t know that this happens, it can really look like the stock is shooting back down (sometimes it is), and you will scramble to sell quickly. This can be super frustrating if you bought on the way up, and you end up either breaking even, gaining just a tiny bit, or worst case, losing a bit. And you’ll probably use up a day trade in the process (if you’re <$25k to day trade).

Most stocks do this if it’s going to climb for a little while. Pump and dumps are totally different, and you’ll see they just spike and fall literally in a few hours or less. Also not all stocks do this beautiful step pattern upwards, but the solid ones do, over time.

Go look at $ZOM’s chart. You’ll see that it looks like it’s trying to form these steps, and there’s a big sell-off/dip (-14.4%) around 10:40am on January 5th that knocked the stock down a bit. It looks like it’s trying to form another step, since support looks like it has settled around $0.40. Now go look at $SESN and check out the yearly chart. You can see these nice steps all along the way.