 Boom What's up money geeks Mr. V here welcome to another video guys so into this video we are going to talk about take a symbol and I owe Neo there's been so major development and this talk took a beating so I'm gonna make sure that we cover that here on the channel You guys know I'm a big fan of neo I own the stock So I try to keep you guys updated for this or you guys that own this stock But before we get started guys we are new to the channel We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and your notification belt So you don't miss out on new content So guys if you looked at today neo took a massive beating in the market and you're probably wondering why that's the case So last week neo had their endings called and we predicted or we kind of talked about What was gonna happen what we anticipate that was gonna happen? Neo came out swinging in all three major categories the number of deliveries that beat that Revenue that beat that earnings per share that beat that so not by a lot though I mean for obvious reasons they took about a cheap Chattages they talk about expanding their swap stations They took about expanding to Europe. No way bringing more cars And so they didn't really cross their endings per se But if you got up Monday morning You notice that neo was taken up beating and the reason is because neo actually had an issue So let me just kind of switch here into the news so you can actually see The news that would put out there. So there was a car that neos car that crashed and killed a prominent Business entrepreneur in in China. So again, obviously we've seen this story several times Remember when there was some issues or people complained that it was an accident with Tesla Guess what happened the stock took a beating people just respond to those kind of news Negatively so they go and sell because they think in the price of the stock is gonna pull back So again more of the news here this in this front This is the only good news that I see that we can also benefit from that a big Canadian pension fund Hikes its position in neo So again, when you see bad news like this, that's price of the stock drops People jump in smart people buy the dip why people that are not very good at investing sell So when you're selling you're selling to somebody somebody's buying Who do you think is buying when you're selling it? Do you think somebody wants to be jumping into the fire? No, they're buying because they knew I didn't know exactly how Important that is so when you sell somebody's buying they're buying the dip They're gonna turn around As the thing popped just sell it again and make profit or hold it for the long run So again, that's the reason why neo stock actually took that beating So if we take a look here at neo you can see here. This is like six months I switched to one day notice that the thing just all day pulled back And it's still sitting under that 38 or $39 price point sitting on that 39 So 5.83 percent Down for the day. So again, this is no Like magic news. I would anticipate something like this happening if there is any major incident again, like I said, we've seen that we With Tesla when Tesla had an issue People really started selling heart. So I want to make sure that we cover this here on the channel This is not gonna be a long video But for those of you that are on and hold neo long-term, this is not to me personally This is not risen enough for you to panic as a matter of fact when you see dips like this This is where you take advantage of actually going in and even buying more of the stock So again guys, this is no big reason for us to panic because neo has been doing some great stuff As you can see like I mentioned they talked about their innings that came out good the expansion into Europe Again their deliveries have been spot on. I think the ES8 this model right here This is the one that is selling the most based on the numbers from their from their endings call and then the EC EC6 that's doing pretty good as well. And then ET7 again This is the one that's coming to compete in my personal opinion with the model Y from Tesla So neo is a stock to hold to do not panic Unless you kind of like we're in the swing trade mode or whatever This shouldn't be any reason for you to panic and and sell like most people are doing so it's bad news But again, that's the way you get opportunities in the market is from different angles So yeah, somebody died was so sad that they lost their life But if it presents an opportunity for you to trade you should take advantage of the trade and and make the most out of it So that's why I wanted to cover this video guys because again news like this gives you opportunity Make sure that you take advantage of it Don't panic again in my personal opinion and when we look at the numbers I think neo is still poised this thing is still cooking you would see these up and downs and again I have a lot of people sending me messages and asking me like hey, what about neo? I bought neo 40 and now it's down to 30 if you bought neo as good for you guys I keep talking here in the channel if you bought neo for a long term Don't even look at it find some place and sit you if you panic and sell this you're gonna regret You can ask people that did the same thing with Tesla When Tesla was like a hundred and fifty or even 200 It kept going back and forth and people like sold and then today sit back and you're regretting So for a long-term investor, you have to stomach this up and down That's how the market works if you were string trading and then I'll say cut your losses and move on to the next trade But if you are if you are a long-term trader and you bought neo do not panic It's my friend if you have money when you see dips like this load up because that's an opportunity when this thing bounces back You're gonna be sitting pretty good So that's what when I just let you guys know again, let me know in the comment section what you think about this Are you a panic seller or you holding or you buying the dip again? Let me know in the comment section if you're new to the channel We talk about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button any notification belt So you don't miss out on your content also guys if you're looking to get started with investing We both has their promotion where if you sign up and deposit five dollars You get free stocks links in the description and as always guys do your due diligence. Don't be a green savage. Stay motivated