$NIO(NIO.US) got slapped hard by the market, proving that stubbornness doesn't pay

Last night's Yang Bo livestream: Orders placed within 9 minutes can get delivery this year

Meaning they sold out 40,000 production capacity in 9 minutes

Now orders take 24-26 weeks for delivery

That's a 6-month wait for new orders

40,000 in Q4, another 40,000 in Q1 next year - exactly half a year

Meaning over 80,000 firm orders

Absolutely insane, ridiculously strong

I think profit-taking after good news is just short-term behavior, also a buying opportunity during an uptrend - weeding out short-term players, reorganizing the team, building stronger consensus before continuing upward

PS. Market's gone mad - watch your chips and let the bullets fly for a while