What's the deal with BYD (BYDDY)?
The news has been positive for a while. Musk came out last week and acknowledged Chinese automakers are the most competitive in the world. BYD is the global leader in EV sales, and is pushing further into other Australia, Europe, and Brazil. The stock hit a 52 week low today. Where do we think it becomes a discount?
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bullrider_21 : Good results. But apparently, the net profit fell 0.5 billion short of an average analyst estimate of 31.5 billion yuan. Got punished because of high analysts expectations.
HappyGotLucky bullrider_21 : Stock price is not high, but analysts' expectations are higher. Yet most Wall St analysts' recommendations are still buy. Don't know how to read this stock anymore.
bullrider_21 HappyGotLucky : That's why I think analysts want to drive China stocks to very low and then buy on the cheap.
HappyGotLucky bullrider_21 : The problem is that many retailers blindly follow the analysts and got manipulated many times
bullrider_21 HappyGotLucky : Yes. They are always manipulating the prices.
MonkeyGee : oh you didn't hear. it's s slam china stock month
ZnWC HappyGotLucky : Someone said Chinese EV stock is cheap and can buy at dip 3 months ago. They said the same thing now.
EV Stocks sell-off in Jan 2024. Nio & Xpeng fell most. Nio & BYD hit historic low
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