NIO-ADR | NYSE: What happens next?

Jochen1980

Jochen1980

Dear folks,

first of all: This is my first post, so I want to introduce myself. My name is Jochen, from Nuremberg, Germany, and I am trading stocks and options for around one year. I think NIO is a great company regarding their battery as a service concept, the quality of their cars and their software algorithms. Anyway, for two days I am aware, that likely the NIO-ADR won't be listed at NYSE forever.

I am a retail investor at IB so my strategy was to sell cash secured puts and take the stocks when the puts got in the money. I want to keep the stock for a very long time because in my opinion, the price will rise. In the end, I got 200 stocks and today I sold the stock with losses.

Now I am wondering if NIO will rebound and what happens to the NYSE stock price, when NIO strives to get listed in Hongkong? Thanks in advance for your reply.

Cheers,
Jochen
 
Hi Jochen1980, first of all: welcome here! :) MeToo from Germany :D

A company can be listed at as many exchanges as it wishes.

But ADR is a not that good an idea, IMO, especially since it's too expensive for active traders b/c of the $15 "foreign stock fee" with each trade one does :-(
IMO ADR stocks should be used only for long term Buy & Hold... as then only 2x $15 has to be paid, once when buying and once when selling/closing the stuff...

So, I wonder why you think NIO will be delisted at NYSE. I'm not in it, so can you give us some infos/links?
 
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Jochen1980 said:
Dear folks,

first of all: This is my first post, so I want to introduce myself. My name is Jochen, from Nuremberg, Germany, and I am trading stocks and options for around one year. I think NIO is a great company regarding their battery as a service concept, the quality of their cars and their software algorithms. Anyway, for two days I am aware, that likely the NIO-ADR won't be listed at NYSE forever.

I am a retail investor at IB so my strategy was to sell cash secured puts and take the stocks when the puts got in the money. I want to keep the stock for a very long time because in my opinion, the price will rise. In the end, I got 200 stocks and today I sold the stock with losses.

Now I am wondering if NIO will rebound and what happens to the NYSE stock price, when NIO strives to get listed in Hongkong? Thanks in advance for your reply.

Cheers,
Jochen
More...
China's blowing smoke, you'll be fine; with the caveat of course that it was overpriced in the first place.
 
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