It's trading at $10 from $14 today and was at $42 two years ago ... Is it good opportunity to buy it cheap? or you think it will drop even further
Stocks get "cheap" for a reason. https://www.fool.com/investing/2021...hoo-host&utm_medium=feed&utm_campaign=article
i know this news already ... I want to hear from experienced members here about their RLX interpretation
This : Plus : Plus : the rest of the comments here & elsewhere. Now it's time to make your own conclusion out of all of this. One thing that i could say, if you're not sure, confused, not feeling good about it, etc. : ,,You don't have to swing" - Buffett 600 000+ stocks out there.
So I looked at the chart and RLX traded almost 96 million shares on IPO back in mid January. Yesterday it traded 107 million after gapping down. I would buy it if it had .... gapped up. Of course it might bounce. But unless favorable news comes out at some point, it is likely toast. And toast <> max out the credit cards and mortgage the farm screaming buy. Just sayin'. Strong stocks, not weak ones get bought.
I think buying it is a good kamikaze way of trading. There are many people doing such a thing actually. It is also a good way to clean up the account, and have it top up again.