$Grab Holdings(GRAB)$ has been hammered badly today with a plunge of ~8% due to the news of its ride-hailing rival (Ryde) filing for IPO.


Personally, I felt that the overselling is overdone. Ryde filing for IPO does not result in any changes to the business outlook of Grab. Is Grab going to have a cut in revenue or lose a revenue stream just because Ryde is filing for IPO? Certainly no.


Hence, I remain optimistic over Grab's prospects, whether it is its business or its share price. The overselling may present a good opportunity for people to buy the dips, and buy low sell high (or hold for long and sell higher).


Who is getting ready to buy the dips of $Grab Holdings(GRAB)$  like I do? [Cool] [Miser]  Also, waiting for more dips in $Alibaba(BABA)$  to profit from the overselling due to the resignation of its cloud computing unit CEO as well [Grin] 

# Winning Trades

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment15

  • Top
  • Latest
  • ChrisColeman
    ·2023-09-13
    TOP

    Why nervous lol? It is the largest in Southeast Asia. Since it is a taxi-hailing app, it must be closely related to gas prices. If Saudi Arabia cuts production, it will definitely have an impact on people running on the ground, flying in the sky, and sailing on the sea. But they are all short-lived lol

    Reply
    Report
    Fold Replies
    • Axekay
      another optimist friend i have found [Miser]
      2023-09-13
      Reply
      Report
  • WebbBart
    ·2023-09-13
    TOP

    I guess we just have too many dudes from Singapore here and they are too proud of their local company so lol

    Reply
    Report
    Fold Replies
    • Axekay
      maybe you want to share more on why you don't agree?
      2023-09-13
      Reply
      Report
  • WernerBilly
    ·2023-09-13
    TOP

    Singapore tightens regulations on ride-hailing industry

    Reply
    Report
    Fold Replies
    • Axekay
      in what way has the regulations tightened?
      2023-09-13
      Reply
      Report
  • JohnMitchell
    ·2023-09-13
    TOP

    Ah big drop sorry for the stock holders rip 🙏

    Reply
    Report
    Fold Replies
    • Axekay
      the drop is less big now though, wanted to buy if it dips more
      2023-09-13
      Reply
      Report
  • WendyDelia
    ·2023-09-13
    TOP

    Let me see who’s still holding it lol

    Reply
    Report
    Fold Replies
    • Axekay
      haha they should be holding it if they bought at its IPO price
      2023-09-13
      Reply
      Report
  • shining87
    ·2023-09-24

    No news whatsoever. Time to buy. Firms who bought Put options are doing whatever they can to make a dime off of their 3.50 options closing this week. Watch the bounce..

    Reply
    Report
  • YeddaJohnson
    ·2023-09-24

    If the stock is going down because of a Ryde IPO then it’s an even bigger reason to buy Grab. Ryde is a bit player and will go bankrupt in a few years. Grab is legit!!

    Reply
    Report
  • YaleBrewster
    ·2023-09-24

    Grab is flyin!!! +$4 and 52 week high is on the horizon.

    Reply
    Report
  • jeffry09
    ·2023-09-24

    Probably giving Grab 6 months to get it together, then I’m out.

    Reply
    Report
  • XantheJuliana
    ·2023-09-24

    From technical standpoint 2.70 to 2.80 entry

    Reply
    Report