The NIO Stock Price is FALLING, surely its headed to 0 this time right? WRONG, this might just be the perfect opportunity to buy more shares. I'll tell you why the NIO Stock is falling and also why the BNGO Stock is SKYROCKETING.
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The Nio stock dropped around 6% on Friday after Jack Cheng, the Co-Founder of Nio was named as the new CEO of a Joint Venture between Foxconn (the company that builds the Apple iPhone) and Geely Auto.
But, all is not as bad as it seems, Jack Cheng will stay close to the business and continue to work with William Li, the other Co Founder, and Alan Zeng has been promoted to take Jack's place.
The top analysts ALREADY KNEW that Jack had left on Wednesday and still increased their price targets to $68/$70/$75 regardless, therefore, the stock isnt going to crash to 0, its going to continue rising up through $70 to $80.
The BNGO stock has also been skyrocketting. Bionano Genomics announced on Friday how their Sephyr system can not only determine why people are more susceptible to the virus than others, but also determine families or certain family members that are likely to be more susceptible.
This, combined with the news of nasdaq compliance and the additional cash from the share issue, has sent the price up towards $9 and the stock could continue to trade higher, towards $10, on Monday.
I think that buying BNGO below $10 for the long term is a steal, if you want to make a shorter term play then anywhere around $6 would be excellent.
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