Are you doubling down on Tencent or freak out and sell ?
Read article here
One of the most frequent stock I was asked this week by my followers (sorry if I did not answer your PM as early as I wanted to).
The way I look at it is like this - if you bought during June 2020 and hold till now, you probably see all your profits evaporated and hated yourself for not selling earlier. Yes and no. Yes because you could buy back now (assuming price stabilised at this support zone and PROVIDED you have the ability to fortell the market). If not, then do not be too hard on yourself. Nobody can time the market all the time and that is why when price becomes irrational and overselling is done by frenzy selling, it becomes an opportunity to value investors like us. That is if you hold a long term view of this company and believe in its growth story.
In fact, I was looking at the paltry returns that my kids had in their bank accounts. After 10 years , it is miserable. So, I decided yesterday to open a new brokerage account and will start to buy fundamentally sound companies to invest and use this as a form of long term savings for them.
Again, do not follow my style if you are not comfortable ,I am merely sharing what works for me in my circumstances. I do not know yours and will not advise if you should follow as well. So, please take it as a form of reference only .
If this stock does move up to its previous peak price at 764, then at current price, it is more than 36% discount, which does not come by often. Short term volatility may still exist , not just for this China tech stock but the industry as a whole. Instead of worrying what else will the central government do next or when the market will truly bottom (I spent countless nights in the past trying to find the Holy Grail only to be disappointed), I prefer this method as it offers me time flexibility (no need to keep worrying if the price drops further) or constantly monitor the price.
Hope this offers some form of help to those who are holding on to this stock and those who intend to get in.
One of the most frequent stock I was asked this week by my followers (sorry if I did not answer your PM as early as I wanted to).
The way I look at it is like this - if you bought during June 2020 and hold till now, you probably see all your profits evaporated and hated yourself for not selling earlier. Yes and no. Yes because you could buy back now (assuming price stabilised at this support zone and PROVIDED you have the ability to fortell the market). If not, then do not be too hard on yourself. Nobody can time the market all the time and that is why when price becomes irrational and overselling is done by frenzy selling, it becomes an opportunity to value investors like us. That is if you hold a long term view of this company and believe in its growth story.
In fact, I was looking at the paltry returns that my kids had in their bank accounts. After 10 years , it is miserable. So, I decided yesterday to open a new brokerage account and will start to buy fundamentally sound companies to invest and use this as a form of long term savings for them.
Again, do not follow my style if you are not comfortable ,I am merely sharing what works for me in my circumstances. I do not know yours and will not advise if you should follow as well. So, please take it as a form of reference only .
If this stock does move up to its previous peak price at 764, then at current price, it is more than 36% discount, which does not come by often. Short term volatility may still exist , not just for this China tech stock but the industry as a whole. Instead of worrying what else will the central government do next or when the market will truly bottom (I spent countless nights in the past trying to find the Holy Grail only to be disappointed), I prefer this method as it offers me time flexibility (no need to keep worrying if the price drops further) or constantly monitor the price.
Hope this offers some form of help to those who are holding on to this stock and those who intend to get in.
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www.chinadaily.com.c...310efa1bd6662af.html
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www.scmp.com/tech/bi...-irregularities-anti
Hang on there , guys .....the storm will be over eventually...
Hang on there , guys .....the storm will be over eventually...
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added some yesterday