Higher the expectations for a good stock means greater the likelihood of disappointment if the price does not perform well enough. Let go of Wilmar at about breakeven around $4, still think it is a good stock but rather invest in banks.
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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