$Pinduoduo Inc.(PDD)$
given the absence of any substantial indications for "story-change", the drop is most likely a normal, and healthy, technical pull back. I am still up 200% on my PDD position, so you won't hear me complaining :-)
No justification for this drop related to the company's performance and financials. Has nothing to do with evergrande liquidation. Next earnings will indicate how much momentum is so called "Cresting". Sold at 144. Buying now at 129
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments