Lol tiger brokers invested in them too, what a day. Such sad news. Should we ever be concern with our stocks here at tiger ? If touch wood TB goes outta business/bankrupts, will we still own our shares ?
Short-mid term, just expecting little to no returns, would be glad if loses are minimal from here on. whether Karp or their business/product is severely misunderstood, will be determined in the long run. Do not hold this stock unless you are willing to hold for 3 years minimum. On the other hand if you have excess funds and time on your hand, valuations here are failrly attractive for an entry position or to average down. I mean the stock is now down 85% from Its ATH 🤷
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Lol tsla is one of the few companies that has pricing power and it has always been about how fast they can produce and deliver. Look at their orders , maybe try ordering one and see the waiting period. Yeah perhaps if global recession kicks in and last for more than 2 years then you'd see Tsla orders slowing down to meet their production capacity. But if so, you would see more than half of the other carmakers going bust in that situation. No one knows where it's headed to short term, everything is a speculative guess, but tsla is not a longterm short for sure. ill continue eating up dips and chill with some paper loses. Time in the market over everything.
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