Hold!
Kong and Tomo in the same business model. If Kong can match Tomo's PE, Kong's price should be doubled.
For the long run, it's a time to build up your shares. How much lower can Kong go? No more than $2.00 down. How much higher can Kong jump? Almost doubled. That's the ratio of risk/profit we need to figure it out.
Kong has been oversold for a month. Take a look at all those Chinese stocks, how will Kong become the worst one?
It's time to buy for a long run, instead of walking away with a loss.
I used to buy China at $4.40. It was up first. Then,it went down all the way to $3.00 level. I didn't move. Last fall I sold when it was $6.50. Did I make some money? Yes, I did. What are China's price today? $10.00. Go and figure it out which way is better.
The bottom line is that Kong follows Tomo. Buy low and sell high. Long is Gold. Good luck. IMHO.
Kong and Tomo in the same business model. If Kong can match Tomo's PE, Kong's price should be doubled.
For the long run, it's a time to build up your shares. How much lower can Kong go? No more than $2.00 down. How much higher can Kong jump? Almost doubled. That's the ratio of risk/profit we need to figure it out.
Kong has been oversold for a month. Take a look at all those Chinese stocks, how will Kong become the worst one?
It's time to buy for a long run, instead of walking away with a loss.
I used to buy China at $4.40. It was up first. Then,it went down all the way to $3.00 level. I didn't move. Last fall I sold when it was $6.50. Did I make some money? Yes, I did. What are China's price today? $10.00. Go and figure it out which way is better.
The bottom line is that Kong follows Tomo. Buy low and sell high. Long is Gold. Good luck. IMHO.
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