Get started
XIAOMI CORPORATION
Long

Take advantage of this single-event oversupply.

By denniskong
Updated
Fundamentals specific to XiaoMi remain strong. This bearish move from the sudden flood of locked up shares comes amid a broader market rally. Take advantage of this single event as shorts anticipating this sell off covers.
Comment
Here comes the short squeeze just before CNY. Get prepped for upside surprise earnings on Feb 27. Target $12
Trade closed: target reached
$12 reached
Comment
Moving forward, long term hold should also be a solid strategy. At some point it should surpass IPO $17 in the coming year or so.
Comment
Correction: Earnings is today, not the past Feb 27 as stated in the earlier comment.
Trade active
End of year target $18
Supply and Demand
denniskong

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.