Alert - Assessment on JD stock. in on JD
$JD.com (JD.US)$
This is just my assessment. Even with strong earnings, Chinese stocks are still getting sold off on news, and most are still getting hammered. This might be due to concerns over China’s economy and uncertainty about U.S. policies. But this downtrend could be nearing an end, as Michael Burry is loading up on Chinese stocks. I think this time could be different—Trump might take a more collaborative approach this time. Since both China and the U.S. are in the same boat, one with a hole, surrounded by shark-infested waters, both have nothing to gain if the boat sank. They can either fight each other and end up as bait or work together to reach land and prosper.
This is just my assessment. Even with strong earnings, Chinese stocks are still getting sold off on news, and most are still getting hammered. This might be due to concerns over China’s economy and uncertainty about U.S. policies. But this downtrend could be nearing an end, as Michael Burry is loading up on Chinese stocks. I think this time could be different—Trump might take a more collaborative approach this time. Since both China and the U.S. are in the same boat, one with a hole, surrounded by shark-infested waters, both have nothing to gain if the boat sank. They can either fight each other and end up as bait or work together to reach land and prosper.
JD is forming a double bottom. If there is no aggressive international policy, China stocks should start to recover from its 4 year bear market .
There are risks with all investments, especially China stock. You have to do your own due diligently.
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