$Alibaba (BABA.US)$$PDD Holdings (PDD.US)$$JD.com (JD.US)$ H...
$Alibaba(BABA.US$ $PDD Holdings(PDD.US$ $JD.com(JD.US$ HK kept dumping the stock could mean a few thing. HK alot of inside leak. Either the company is not doing well this earnings or the CEO is arrested. But even so I think its not worth that over reaction. As long JD is still profitable, CEO if really arrested (so far nothing, no charges) also doesn't mean the company will close.
Market tend to overreact just like Futu months ago when reported the company apps can't use in China. Stock plemented Turns out most of Futu business not even in China it doesn't even scratched the business.
China overall economy is now alittle bad, seems to perform worse than USA last 1 year. Surprisingly so. Normally when USA recover, it will drag China along because still only China is capable to supply USA's demand.
Wait for it to bottoms out, then buy in. Wait alittle more maybe a couple of months. It will slowly come up just like Huawei and Futu.
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MiddasHBK : You can wait for more shorting to come then enter when you think it's a 'good time'
Joejj OP MiddasHBK : sure. but I seldom short on stocks.
MiddasHBK : You can wait for others to short it. Don't have to do it on your own
Joejj OP MiddasHBK : yes
XWY Chan MiddasHBK : Be patient, there will be a cheaper price.
Joejj OP XWY Chan : That's all I'm waiting for.
卢利奇 : Arrested?