Previously, I was worried that the listing of CXMT would cause good news to turn into a huge negative, leaving the market in disarray. Now that it has fallen in advance, I feel that stocks like GigaDevice will be safer. If it can drop to the price I sold at over 600 before, I will buy back. Semiconductor equipment is a heavy asset; if you want to clear out, there should still be opportunities before the listing. In the A-share market, I think any PE above 100x can be sold, and below 80x can be bought back. The A-share market is like an invisible hand controlling the market, including many sectors' valuations that get suppressed as soon as they rise, preventing the market from FOMO-ing at all. It's too difficult to be greedy and try to make money from sentiment, and eventually, you have to give it all back to the market.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned