I normally don’t bet on earnings (earning report), but when I do, I usually lose. –yours truly
And $PDD was no exception. Yesterday 08/26/2024 Monday morning, before market open, I noticed the stock was free falling. Note I bought 6 shares before the earning report. And basically this confirms another thing I talked from time to time: 买中概变乞丐 (and this is my short X thread); and my X thread on $PDD.
More from X
I noticed there are bulls too: such as this CNBC interview by Shaun Rein (he is an ultimate China bull, in my opinion).
So what is my opinion?
Again I am not a fan of them and I am going to sell the remaining 3 $PDD shares soon.
PS: 黄奇帆新讲座谈Shein
(Update 09-03-2024) DO NOT BET ON EARNINGS 不要去赌报表