Sep. 10 at 2:32 AM
Lol, everyone gets excited about Qwen downloads, etc. Fact is CN copying US tech and selling it at low or no margins is good for consumers, but terrible for investors. Mrkts maybe wrong in the short term but the collective wisdom is right in the long term.
$BABA is around the same levels as when it IPO’d in 2014. It is likely heading to
$80’s. HS tech is close to 20month lows and down 35% from Oct highs.
It is painful but the best option is to cut losses. There is also opportunity cost of not being in US mrkts, worse many are short US while being long CN!
$BIDU $KWEB