Feels like my tencent some time back. It’s important to know what kind of investment horizon one has and if the fundamentals remain. Sometimes projected outlook is temporary for the next quarter only. If the less than optimal outlook is temporary, then the price drop would be a great opportunity to buy or average down.
Which Great Stock Do You Always Lose Money On?
Have you ever consistently lost money on a stock that everyone thinks is great?
For example, $PDD Holdings Inc(PDD)$ currently has a PE ratio of only 10.36, it's growing rapidly, and it's highly profitable. Many investors familiar with China can't resist buying Pinduoduo because it always seems undervalued.
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