$Lion-OSPL China L S$(YYY.SI)$First posted 1.52 target, i'm sure it sounded rubbish back then. Why 1.3 is next? If fed continue to hike rates consistently as J Powell conveyed, it'll certainly crash yuan.. That's on top of China-TW tension, property market bubble burst and bank runs (smaller player)
What should we do? During bad times, be willing to adapt, cut losses (if necessary) and adjust portfolios. It may take years for indices to bounce back 30%. Consolidate to potential biggest winnerstock instead.
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Comments
Nothing changed. Bottom range $1.3 inevitable. always be flexible to sell & cut losses early, never too late to do it.