I remember very clearly when I started averaging into $JD ADR.
I do have both growth and large cap stocks in my portfolio.
As we all know, China Stocks came crashing down,seemingly with no bottom in sight.
Then, different narratives popped up on mainstream and some "online gurus".
I took a step back from the charts and the balancesheet.
I asked myself again, "what was my thesis investing into $JD in the first place?"
"Did their fundamentals change?"
"Did their business model change?"
Nothing has changed except for the its stock price. I continue holding and adding $JD alongside some other ETFs and $PLTR.
I remember when JPM and some other critiques recently made a bold statement that "Chinese Stocksare un-investable".
Next thing we know, Chinese stocks started bouncing up. Although it's still quite a distance from their ATH ($baba $jd). I fail to see why they are, quote, "un-investable".
Yes, anything is possible in this zero-sum game. However, I learnt that "a man's thrash is another man's treasure".
Also, another reminder (you can call it learning) is, to never trust these so-called analysts.
Markets are undeniably manipulated. However, do remember that Wall Street hates people who do notsell their stocks.
No sellers, no buyers.
When majority calls it "thrash", it is an extremely good time to dig these "thrash" and the odds of being handsomely rewarded with time on your side is extremely favourable.
Comments