BelleWeather : The issues with TT concern me for PDD. I really liked that company but sold last week for 100+% gain.
Chiu fong Ko : Jeffries upgraded 157 but Goldman S downgraded 136 lol difficult to see china stock
BelleWeather Chiu fong Ko: Yes, I was burned by accounting fraud with Chinese companies when I first started investing in earnest. So no matter how cheap a Chinese company looks, I’m not interested now. And of course all the political risk with both governments. I’d liked PDD for a big data play - that’s how they make money. And yeah, ignore buy (and sell) side analysts - they are trying to manipulate price for their own benefit and many of them have awful track records, like average gain -26 with 12% accuracy is at best a contrarian indicator!
Chiu fong Ko BelleWeather: Also Chinese government issued ( you can rich but you can’t super rich )check a look Jack Ma lol
BelleWeather Chiu fong Ko: Yes, that is definitely part of the political risk in country! And they seem to be cutting BDY at the knees recently.
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101878107 : really?