Contrarian investing has worked well for me for many years. When the masses are frenetically buying ( like IPO time) I'm sitting on the sidelines. When the market tanks and sellers are scared, that's when I'm buying. As a long term investor in many Chinese stocks, I believe the market is overreacting. The dust will settle in a short time and buyers will be clamoring to buy DIDI at much higher levels. I started my position in DIDI at $8 and will continue to add on these dips. Also, not selling any of my BABA,NIO, JD, TCEHY.
Institutions loading heavily and retail selling. It’s 10 times bigger company than Uber and even if becomes OTC stock after delisting, it will go to $20 soon. No sense to sell this cheap in losses.$DiDi Global Inc.(DIDI)$
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