There’s plenty of time for these stocks to marinate and run higher, before Trump rejects their trade talk proposals. In the meantime, I bought PDD — a Goldman backed Chinese e-commerce play in China — down nearly $10 from its recent IPO price.
That’s an absurd draw-down from pricing and whoever priced this deal should be shot. Nevertheless, they have a chance to redeem themselves now. Perhaps the analyst department can gin up some demand for shares, now that China and the US are besties again.
The situation is fluid — but stocks are breaking necks to the upside again — higher by 300.
Top picks: TLRY, PDD, ZS
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IPO price was $19