Let's do it , Donnie (Billions)
Updated
investorplace.com/2019/12/the-hype-behind-iqiyi-stock-is-justified-for-now/
digitalnewsasia.com/business/astro-partners-chinas-iqiyi-introduce-online-video-app
kr-asia.com/baidus-video-streaming-service-iqiyi-announces-major-support-to-educational-short-video-creators
It's IPO price is 18 and rocket to a high of 46 within 2 months before tumbling down to a low of 14.57 in early Jan this year.
The potential upside for this company is phenomenal. Just look at the white space it has to go up to.
It is funny sometimes as traders that we tend to hesitate and ponder over our decisions. I mean, we made mistakes in trading for sure but to let our past mistakes cloud our judgement and impose fear on our "buy button" , that is something that need some internal work.
For me, I review all my successful trades, looking at the profits and how nicely executed were the charts. I patted myself on the back for a good strategic move, grateful to God for his continuous blessings and with faith, knowing more and better opportunities are right here waiting . Thus, when it comes, I proceed to take the right action.
The "What IF" question will come to haunt you whenever you want to pull a trade, be it buy or sell. And the recency bias that we all have will play tricks on your mind. If you past few trades have contained losses, you will be slightly more hesitant to pull the trigger. You dig further, review your charts, perhaps give it more time to brew,etc. On the contrary, if your results have been good, you take actions faster, believing this trade is no different from the previous ones and it will only get better.
So which side are you on ? Time is ticking........
digitalnewsasia.com/business/astro-partners-chinas-iqiyi-introduce-online-video-app
kr-asia.com/baidus-video-streaming-service-iqiyi-announces-major-support-to-educational-short-video-creators
It's IPO price is 18 and rocket to a high of 46 within 2 months before tumbling down to a low of 14.57 in early Jan this year.
The potential upside for this company is phenomenal. Just look at the white space it has to go up to.
It is funny sometimes as traders that we tend to hesitate and ponder over our decisions. I mean, we made mistakes in trading for sure but to let our past mistakes cloud our judgement and impose fear on our "buy button" , that is something that need some internal work.
For me, I review all my successful trades, looking at the profits and how nicely executed were the charts. I patted myself on the back for a good strategic move, grateful to God for his continuous blessings and with faith, knowing more and better opportunities are right here waiting . Thus, when it comes, I proceed to take the right action.
The "What IF" question will come to haunt you whenever you want to pull a trade, be it buy or sell. And the recency bias that we all have will play tricks on your mind. If you past few trades have contained losses, you will be slightly more hesitant to pull the trigger. You dig further, review your charts, perhaps give it more time to brew,etc. On the contrary, if your results have been good, you take actions faster, believing this trade is no different from the previous ones and it will only get better.
So which side are you on ? Time is ticking........
Note
Praise Lord. This counter has gone up 8.81% yesterday. More to come. Congrats to those who followed.Note
variety.com/2020/digital/asia/china-iqiyi-financial-injection-overseas-growth-1203455895/Wow, it is inching very closely to my favourite stock, Tencent , coming in at 2nd place. Will it take over Tencent in time to come ? Only time will tell.
Value investors may not be too keen on this company as it is still bleeding in losses, up till 2billion and increasing its debt exposure with new bonds issuance. But as a growth company , much like Uber, Grab, etc , this trend is pretty common. If you can sit with this risks, then by all means invest in it else look for other companies with a higher margin of safety.
Note
supported at 20.43 area, OK to add longNote
cnbc.com/2020/01/31/second-chinese-movie-to-premiere-online-after-virus-outbreak.htmlI believe many traditional business need to relook at the business model closely with the impact of this coronavirus. Now that people are not able to go to the cinemas but catch their favourite movies online. Will this trend become permanent over time and we see the demise of entertainment - movie theatres ?
Note
Praise Lord, those who followed us to long at 20.43 is making some good profits. Congrats to allNote
Compared to the other Tech in China, this one is not hit as hard. Read my latest comments on FB, Amazon, etc and you will know why I am so bullish and adding more next week.
Trade active
take a nibble yesterday as it is well supported at 15.53 level.Note
This recent fall in global stock market is a good chance to pick up great stocks. I will be adding more of thisNote
26-28 has proven to be a strong deterrent for the bulls to charge higher. Now it has revisited the support at 14.57 to 15.33 which was in Jan 2019. The candle of 21 April is a bullish signal and if current trend continues, I expect it to break out 15.60 and go higher. Will be monitoring price this week before going long.Note
sadly , the selling pressure is still evident in the chart......reuters.com/technology/chinas-iqiyi-halts-idol-competition-programs-amid-criticism-2021-08-26/
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.