If you get it...what are You looking at for a “sell” price?
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Good luck, Rod. It will be interesting to see what kind of demand there is for a Chinese company IPO given the tensions with U.S..
Quote:
About KE Holdings Inc.
KE Holdings Inc. is the leading integrated online and offline platform for housing transactions and services. The Company is a pioneer in building the industry infrastructure and standards in China to reinvent how service providers and housing customers efficiently navigate and consummate housing transactions, ranging from existing and new home sales, home rentals, to home renovation, real estate financial solutions, and other services. The Company owns and operates Lianjia, China’s leading real estate brokerage brand and an integral part of its Beike platform. With more than 18 years of operating experience through Lianjia since its inception in 2001, the Company believes the success and proven track record of Lianjia pave the way for it to build the industry infrastructure and standards and drive the rapid and sustainable growth of Beike.
It opened up well above its IPO price. It opened @ 35.06 But, it did not work out for me. I hit my threshold of a 10% loss. I was in for 425 shares @ 35.58 and sold @ 32.11. I did not want to hold it longer to see if it recovers. Especially with an IPO price of 20.00. One thing about day trading is that you will not win them all. Just make sure that you have a tradeplan, especially your exit target in case things go south. Even if it closes today near to or above my buy in, I'll take solace in knowing that I executed my tradeplan. One that is not based upon "hopes" or "maybes." BTW, it is now trading @ 33.34.
God Bless :smile:
It has touched 35.50 since I sold. 0.08 shy of my buy in. Does that make me shame my head? Of course it does. But like I said, I shouldn't beat myself up because I executed my trade plan. It is now trading @ 34.87. It will be interesting to see where it closes and then goes the next couple of days.
It would seem that APRN is poised for a rally. Especially given the fact that it was down nearly 37.5% (since 24 July) before today's close- where it gained 7.37% on nearly triple the average volume. It closed today @ 8.59. There could be a +30% run in store for APRN. Furthermore, there is a gap from 6 Aug that needs to be filled up to 11.29. We shall see!
https://www.stockconsultant.com/cons...gi?symbol=APRN
My long-term trades so far this week:
AAPL: Bought @ 493.65/68
TSLA: Bought @ 2078.56 - 2079.28
Both of these are sure winners long-term. Therefore, I shall hold them for the foreseeable future.
Next long-term target is AMZN. I originally bought in on 15 May 2017 @ 958.03. I then sold on 4 Mar 2020 @ 1,936.05. Waiting on a nice pullback before I buy in.
God Bless :smile:
The "air" up here seems a bit deceptive, and is becoming troubling and turbulent. Perhaps it's time for a nice, healthy pullback or correction (5%-10%)? Will it commence tomorrow with The Fed's speech? We shall see how long it takes to commence! But, it is coming.
God Bless :smile:
The VIX rising at the same time S & C Funds were rising spooked me a little. I have a case of FOGB (Fear of Going Backwards).
Tom's Market Commentary today had three charts of "relentless rallies" when there were three consecurive months of growth before a significant drop: Feb 2018, Oct 2018 and March 2020. I was looking at NAAIM data and VIX data for those three time frames and found this: NAAIM Jan 22, 2020 was 94, dropped to 77 and then 62 by 2/5/2020; NAAIM was 95 on 1/24/18 and dropped to 84 then 75 then 65 by 2/14/18; and NAAIM was 90 on 9/26/18 then droped to 84 then 52 on 1010/18. Are these "bells" at the top? VIX data is a little less pronounced but might have signaled those drops: 2/2/18 VIX jumped from 17 to 37 on 2/5/18; and VIX from 16 on 10/9/18 to 23 on 10/10/18; and 2/21/20 from 17 to 25 on 2/24/20.