$BIDU
Added 2024-06-26 08:21:09 +0000 UTCSome people see concern, some people see an opportunity
I am always in the opportunity camp when fundamentals are undervalued when a share price is down
Some people will struggle with this strategy and these are people who have short time horizons or have a low risk tolerance and that is fine, that's how you perceive risk and Chinese stocks may not be suitable for you, so stick within your comfort zone but value investors hunt undervalued positions that the average person is afraid to touch....this is also where the maximum amount of value is found.
The price of a stock can not get this low if there was not worried people selling, it is low for that reason but smart money buys when the masses are fearful.
$BIDU is likely waiting for the HSI to recover and so are we.
If $BIDU starts showing signs of holding support, I will add.
It is in an area I am comfortable to add in now and below its 200 Day MA with strong fundamentals, this is my strategy but I manage my risk with ease, if this is something you struggle with, you do not need to follow my strategy.
