Im hoping this is the case & along with the macro environment it was the perfect storm for me personally...
My Personal Thesis: (Not financial advice, My opinion onion only & is purely speculation)
Lately its been about Property, Luxury Goods, Sports Cars, Bitcoin, Tech Stocks, Lithium Stocks, Crazy $300,000 Jpg images of Apes and such...
Why would you want to be trading milk then? I certainly wasn't around during those hot tech days... Where is tech now? Dead.
-Eg: ZIP ~$10, now 97c (Which i just entered)
Check the headlines,
-Baby Formula Shortages
-Food Crisis Concerns
-Inflation
-Wars
-Interest Rates
-Property Crash
In my opinion we're headed back to the normal days where things like Baby Formula were a necessity regardless of income brackets.
________________________
If anybody followed my posting, I did post about the 90c gap being a potential target & after the recent turn of events we almost got there & the case is stronger still.
"Record Daigou Sales now exceeding pre-COVID levels"
- This was touched upon in the recent Presentations, We're now hearing of Covid Lockdowns potentially nearing the end in China.
This could really shoot up Daigou Channel so i would truly love to see how this goes & what they say in the next update when numbers are mentioned.
-This post is entirely: My opinion only, purely speculation only & NOT financial advice by any means as i could be wrong also-
BUB Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held
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