Hemorrhage
One of my small positions holdings. I thought $6-7 was a reasonable long-term hold as long as the company doesn't go bankrupt. So I bought a little bit, which accounts for 0.1% of my total position. After a few days, it was halved again and now my position is only 0.05%.I don't really care, just continue to hold, maybe even add positions, averaging to 0.1%. It's only been a few months and it has dropped 99% from its historical high. It can make people lose all their money even without leverage.
Actually, I don't think there's anything wrong with this company, it was just overinflated before. The stores are pretty cool and appealing. If they can't control the costs well and survive this downturn in the auto industry, it would be such a pity if they go bankrupt. I think the company should immediately control costs at the minimum level to maintain survival until the next round of stimulus from the Federal Reserve (which I personally estimate to be in 2025-2026).
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高贵的阿德莱德 OP : Take a look at the monthly K-chart, it's all better than Guo Jingjing