Buy kweb with better PE for China index at 10 times
What happen to KWEB?
I am buying kweb to cover the China market for diversity and I feel PE and cash per share is very good for baba and ten cent . Baba trades $70 with good PE of $5 and cash per share of $30 so is safe actually much safer than buy at $150 @SPOT_ON@TigerStars@Daily_Discussiondo feature me
The KWEB ETF has been battered significantly as investors left Chinese Internet stocks in a hurry since 2021. However, we could be in the late stage of the current malaise. Our price action analysis suggests that the worst in Chinese Internet stocks seems to have been priced in.
Do dollar average with caution not all in if not pain remember Trend is your friend .
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