Chinese tech stocks

McKinsey / Other
brahs

Go to company page McKinsey Other

 brahs
May 9, 2021 13 Comments

Excessively exposed to small cap tech and Chinese internet tech. Completely getting destroyed, down 30 percent in the last three months.

See a recovery occuring in small cap tech, not sure about Chinese tech anymore...should I sell BABA/Tencent/TME etc even tho they're pretty cheap fundamentally,

Pullback in credit in China and the political shit around it. Haven't had a green day for almost a month lol in those stocks

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 TOP 13 Comments
  • Airbnb
    fgyvutcj

    Go to company page Airbnb

    fgyvutcj
    You answered your question. They are fundamentally cheap. In this case keep it. You don’t deserve high returns if you can’t stand 20-50% drop of your portfolio
    May 9, 2021 1
  • Sony
    Sammir

    Go to company page Sony

    Sammir
    Be greedy when others are fearful.. Note to self looking at this post.
    May 9, 2021 1
  • New
    cvNK76

    New

    cvNK76
    All in for sure
    May 10, 2021 0
  • New
    pip’d

    New

    pip’d
    Going to pick on you a little.. but if you can’t answer this question yourself you’re gambling/speculating and should stick to index funds.
    May 9, 2021 3
    • New
      pip’d

      New

      pip’d
      Just focus on long term prospects of the business and the price it’s selling at if you are investing for the long term. Volatility, reversals, technical indicators market cycles are irrelevant. How is X going to do in 5 years, is it selling at a good price in relation to that, is the question.
      May 9, 2021
    • McKinsey / Other
      brahs

      Go to company page McKinsey Other

       brahs
      OP
      Man today is painful...Chinese tech stocks down like 10 percent. Been shorting like crazy in a attempt to reduce losses
      May 10, 2021
  • HODL IDOIT
    May 10, 2021 1