What do you think of yesterday's drop in $PDDstock ?
Pinduoduo reported results yesterday, which I thought were very good, as almost everything was up, and for example sales were up about 45% year over year. But despite the good results, the stock is down 10%, which could be an interesting buying opportunity.
It's too volatile a stock for me. I don't like it when that growth stock is volatile.
The results are fine, but I am staying away from China and will not invest in it.
Quite an interesting company, I'll think about buying it as I would like to have China represented more in the sub-folio.
The drop was significant but I don't get it, the results were great and even so the stock was down a lot.
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It's China and I'm giving my hands off 😂