$Grab Holdings(GRAB)$ has been hammered badly today with a plunge of ~8% due to the news of its ride-hailing rival (Ryde) filing for IPO.
Personally, I felt that the overselling is overdone. Ryde filing for IPO does not result in any changes to the business outlook of Grab. Is Grab going to have a cut in revenue or lose a revenue stream just because Ryde is filing for IPO? Certainly no.
Hence, I remain optimistic over Grab's prospects, whether it is its business or its share price. The overselling may present a good opportunity for people to buy the dips, and buy low sell high (or hold for long and sell higher).
Who is getting ready to buy the dips of $Grab Holdings(GRAB)$ like I do? [Cool] [Miser] Also, waiting for more dips in $Alibaba(BABA)$
to profit from the overselling due to the resignation of its cloud computing unit CEO as well [Grin]
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Comments
Why nervous lol? It is the largest in Southeast Asia. Since it is a taxi-hailing app, it must be closely related to gas prices. If Saudi Arabia cuts production, it will definitely have an impact on people running on the ground, flying in the sky, and sailing on the sea. But they are all short-lived lol
I guess we just have too many dudes from Singapore here and they are too proud of their local company so lol
Singapore tightens regulations on ride-hailing industry
Ah big drop sorry for the stock holders rip 🙏
Let me see who’s still holding it lol
No news whatsoever. Time to buy. Firms who bought Put options are doing whatever they can to make a dime off of their 3.50 options closing this week. Watch the bounce..