Baidu or buy don’t?
Right so there is this massive ship that is stuck in this canal and it’s slowed all the international trade that Europoors and amerikkka depend on… shipping rates shot through and the market has shit a brick and is panicking about all things effected by this… BaiDu is taking an absolute massive ranking at the moment.. basically if they move that ship baidu will rally back up… and this post means it’s probably all too late for you to enter… if they fail to get enough camels together to pull the ship out of its problem the market will shit further bricks and sell more baidu… note everyone in after market is scared and selling off (you don’t rly wanna be locked in)…
So on Monday basically if it’s out, it’s gonna go up not moon… If it doesn’t it gives you a nice entry point to buy the stock which may fall even further… but diamond hands ect..
The big thing is this is all like just timing, baidu is not dying from this it’s not even a flesh wound it’s just a minor scratch..
It makes money! Look forget the fundamentals all the chineese stocks are full of shit and you can’t trust them at all..
Basically the market shat bricks short term and you can probably make a few tendies to the upside soon.
Positions NONE atm because I sold out at close.
via r/wallstreetbets https://ift.tt/3qhG8Zq
March 26, 2021 at 03:20PM