No stock better personifies the current mood of the market better than JKS. The symbol is perfect too, since it’s all about jokes.
The 5yr median p/s for jokes was 0.19, currently trading at 0.93x. The 5yr avg PE was 10x, now 30x. Why the sudden leap into retardville?
Being a Chinese solar company with very high growth and improving margins, people have it in their heads that a Joe Biden administration is bullish — based upon the idea that trade relations will be normalized. We are seeing similar moves in DQ and various other China-coms. Just today, WEI surged by 500%. It is a smorgasbord of perfidy and the Chinese Lotto pin action has never been more ebullient — a sure fire precursor to a dimly lit doom just beyond the horizon.
I closed out the session 70% cash, biased short, long two stocks — one of which has mechanical robot vacuums and the other a Chinese lottery play — in the hopes, the off-chance hopes, that I too can enjoy a 500% one day ripper tomorrow.
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Ibankcoin whiffed so hard on solar this year bc fly’s is a fag
FACT CHECK
FALSE AND DEBUNKED
All stocks rising based on the belief that Biden will win should be sold and shorted on November 3rd. When Trump wins, they will all drop like fat stones on November 4th.
People don’t realize Trump is a secret China bitch. All talk and no walk, (rewind old tapes of “phase 1 deal blah blah blah” and play them here) and nothing changes Nov 4. but so true anything red and slanty eyed is the cat’s meow. So my theory is long BIDU. If “u” can lend me an “en” then we got Biden. Get it.. BIDU… BIDEN.. synergy of the universe at work. Just do it.
Huh?
PE?
….what dat?
Big sym triangle on /ZB is thinking about breaking lower here …are interest rate price controllers losing their grip? …is this a chart of the end of an empire? Sorry kids.
ITB may be in a no win here. Short.