Mar. 3 at 9:17 PM
"I’m a believer in Xiaomi’s business, but I have to admit I made a mistake: I entered the position prematurely, ignoring the technical trend. I’m currently sitting on a 20% loss and keep 'averaging down' on
$XIACY, even though I know it’s a classic case of 'catching a falling knife.'
Furthermore, with a P/B ratio over 3.0, it’s hard to classify this company as 'cheap' in the traditional sense—we’re essentially paying
$3 for every
$1 of tangible assets, buying into growth expectations rather than value. It feels like I’ve been trying to force a marriage between the incompatible: relying on fundamental analysis while completely ignoring market trends. The company is financially sound, but the market currently sees it very differently."