OutsiderLEO
10-07

$JD.com(JD)$ The stock is Overbought on the 1YR Daily and 3YR Weekly, as I have stated, and I trimmed my position on that condition.

That said-I still hold/maintain much of my baseline position from $21.5 because the Company is still valued at forward P/E~11, trailing earnings and guidance have been strong, and there is reasonable upside still (IMO) from this valuation.

I have a hard time seeing markets value JD at known/historical S&P avg P/E ~ 17 ($70-75), as there is a risk adjusted valuation from China/US tensions - still further upside, though more limited (IMO) for the reasons noted.[Cool][Cool][Cool]

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