Weird stock, can buy?
$TENCENT (00700.HK)$ anyone knows why this is trading so low? saw the news they are the biggest multimedia and gaming company in the world right now with record profits
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Ben 23 : the market is irrational. just have to follow the price action of it.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Peng Lim Yap : It seems the major shares of major shareholder’s not finished selling.And the Navy exercise from China will extend to 15th of August.Investors are awaiting for hk index drop another 7-15% .Then they will enter.
Matthew D OP Peng Lim Yap : Safe to buy around 15th August I guess if by then all is good. Will monitor thanks all.
Peng Lim Yap : The last time Low was 288 so ppl wait for this price buy 1st hand if it rebound will sell take lunch price sell,but if it drop another 3% buy another hand to lower the cost.wait for rebound then sell.example 288-1st hand then drop to 280-2nd hand then rebound sell 1 hand at 286-288 .lower the cost.off course if it go 18th storey hell
divinepapa : The alibaba delisting threat?
Peng Lim Yap Matthew D OP : Yes .Why only choosing 1 tree if there’s more money tree such as oil stocks and charcoal stocks due to their demand.Food and medical bio stocks