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.