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Chay-na buying the world

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Checksmcgee

807 Posts.

67

04/05/20

18:15

Post #: 44427261
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Originally posted by AlgoTrades: ↑

I sold the news today. I got in under $10 and out at the open north of $38. A huge return for 6 weeks! I had planned to hold on for $50+, but given the opening 33% gain was based solely on a new institution taking a 5% stake, I was compelled to lock in profit. I'm not quite sure how I feel about Tencent becoming a shareholder. It's obviously positive to have interest from new investors from a huge market like China (HK), but I've also seen some low-float stocks pumped and dumped in the U.S. when Chinese investors and traders get involved. Best of luck to all long-term shareholders. I may look to re-enter once it reverts to mean.

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Chay-na buying the world

APT Price at posting: $36.10 Sentiment: None Disclosure: Not Held
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0 Great analysis

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