A strong Buy!
Most Chinese stocks have plummeted 70-90% from their highs from just a year ago. Such a drop is unprecedented, even in times of recession. Compare that to the fact that
(1) Chinese economy remains stable and growing,
(2) many of the Chinese companies are continuing to record double or even triple digit annual records,
(3) trading at really cheap valuations compared to other companies with similar growth even after the recent rise,
(4) short covering has only just begun and the more it rise, the more people will be forced to buy back or be convinced that the bottom is here,
(5) stock markets' bottom are usually determined by government policy and intervention which in this case, the chinese government has provided the clearest signal.
Given all the above, BUY the right companies whenever there's a drop!
$Futu Holdings Ltd (FUTU.US)$
(1) Chinese economy remains stable and growing,
(2) many of the Chinese companies are continuing to record double or even triple digit annual records,
(3) trading at really cheap valuations compared to other companies with similar growth even after the recent rise,
(4) short covering has only just begun and the more it rise, the more people will be forced to buy back or be convinced that the bottom is here,
(5) stock markets' bottom are usually determined by government policy and intervention which in this case, the chinese government has provided the clearest signal.
Given all the above, BUY the right companies whenever there's a drop!
$Futu Holdings Ltd (FUTU.US)$
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Johnnie Worker : Cant agree more dude