yah, buying in now would be like catching a falling knife as the price seems to be in a continuous downtrend.
@Keihira:$NIO Inc.(NIO)$Today is the best day for a rebound for EVs, especially for the Chinese shares. However, someone has to ruin the party. And the person this time is Powell.Another topic about inflation. She was so persistent about having to adjust rates, seeing prices rise at a rapid speed. However, the pandemic is ongoing, needless to say, it is far from over. If the market is going to be defeated by Powell herself, then everyday will be a selling day. No one would ever put their confidence in the US market.As a summary, Chinese shares listed on the board in US faces the following.1. Regulatory measures in China.2. Delisting pressures.3. Rates adjustments from the Federal Reserve.4. Huge competition from other EV companies.No matter how strong the p
Aiyo ! This game is just like my trading performance - once in a long while scoring a double bagger and more often than not going off centre with a bit of profit. And horrors, occasionally going way off with a capital loss ! Hope I can be more accurate in the coming new year.
Sorry for the repetitions. Was not familiar with how this works and had thought that my comment had not registered as I did not see it appear after I sent it in so I tried multiple times.