Possibly an ARC earlier on like a lot of the cohorts that are Chinese companies, BIDU and PDD are 2 that come to mind. Its only natural that a parabolic arc comes down to earth.
The talking heads are really negative on Chinese stocks, and it is like you hear it over and over, then even I start believing what they say, DO NOT BUY CHINESE is what I have heard for months. Yet big money is buying them. I can see it. I am not saying they will go up tomorrow or even this week. I am saying do not believe everything they tell you. Bidu , PDD , etc enjoyed a huge run to the upside and look like former ARCs. American stocks do that as well, form an ARC, then sell off, but without so much bad news or negative Karma. I am not even recommending buying Chinese stocks as Cramer and friends have put a mind block on it, I am just saying I can tell Someone is buying them, and a lot of shares.
No recommendation but keep your eyes open and often best to wear ear plugs )o:
The talking heads are really negative on Chinese stocks, and it is like you hear it over and over, then even I start believing what they say, DO NOT BUY CHINESE is what I have heard for months. Yet big money is buying them. I can see it. I am not saying they will go up tomorrow or even this week. I am saying do not believe everything they tell you. Bidu , PDD , etc enjoyed a huge run to the upside and look like former ARCs. American stocks do that as well, form an ARC, then sell off, but without so much bad news or negative Karma. I am not even recommending buying Chinese stocks as Cramer and friends have put a mind block on it, I am just saying I can tell Someone is buying them, and a lot of shares.
No recommendation but keep your eyes open and often best to wear ear plugs )o:
Comment:
Smart or big money will play you if you let them. They will leave you with the remote control so you think you are in control, but the remote has dead batteries in it. So folks get stuck, and they can not even change the channel, they can only turn the device off and sell. Learning to figure out what they are doing, seeing tops where they are selling etc., is very important if you are a longer term trader, investor, or a swing trader.