If it drops significantly, I’ll add a bit; if it rises, I’ll just observe. As a buyer, the hope is to secure more discounts and distort the valuation to an exaggerated level, though that’s probably difficult. The management team is competent, the company’s competitive advantages are clear, and its market share is likely to grow further in the future. The main risks come from uncertainties outside its operational scope. There’s a lot that can be corrected, so it’s a wait-and-see approach that requires time.
Most likely, this will need to be a long-term position, so there’s no need to worry about short-term fluctuations or fear of missing out. Every quarter or half-year, when certainty increases, I’ll add a bit; if uncertainty rises, I’ll reduce a bit. I plan to treat it as a systematic investment.
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