As for companies like Pinduoduo and Meituan, seizing the opportunity to make a quick buck from the game of hot potato is fine, but missing it doesn't matter. Those businesses don't affect the subsequent plan.
Having made up his mind, at 9 o'clock, Han Lie turned his attention back to the market.
The trend today seemed to indicate a continued decline.
The Shanghai Index was heading straight for 2,100 points, clearly probing for the market bottom.
After the policy bottom and valuation bottom appear, the market won't adjust immediately. Instead, it will go through repeated grinding, shaking off the less resolute chips completely.
What's the theoretical support for this situation?
Simply put, during the bottom-searching process, a lot of long-term capital will continuously enter the market and top up positions. These are the types of value investors who buy and hold for a very long time, rarely moving.
