I don't want to chase after any China concept stocks anymore.
I've done multiple analyses, and Pinduoduo's fundamentals are excellent in themselves.
But policy risks are impossible to determine; as soon as tail risks are triggered, it's over, just like futu Longbridge the other day, and the education/training and gaming sectors in 2021. It's a long road with no hope in sight.
Targeted demolition by A4 paper isn't a one-time or two-time thing. How many times has reality taught us a lesson now?
Aren't US stocks, Korean stocks, the Nikkei, and gold good enough? Why go head-to-head with A4 paper?
Just venting a bit, but I must remember market discipline.
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