8/26/24 - $jd - From PDD to JD BABA VIPS

8/26/24 :: VROCKSTAR :: JD
From PDD to JD BABA VIPS

- first, maybe i should stay in my lane and not keep petting the chinese dragon...

- ...PDD awful results. eating my rec. sucks. but idk if you can buy this with their telling us 'we're losing share'. it's the more expensive of the bunch and growth is slowing.

- meanwhile jd, baba (and vips which is more of a V meme) trade at 5-6x cash-adj. PE's and are growing. buying back stock.

- so will be VERY TELLING to see how the non-PDD stonks react in the next few days. i'd suspect the WMT sale of JD should defn be worthy of an eyebrow raise, but the sell off (knock on effect) on JD is probably more of a flows (KWEB) situation than more fundamental in nature.

- worth keeping an eye out. i opened a 50 bps position in JD after blowing out of my too-large-of-a-loss PDD (go read that if you need to know more). however, while i'm going smaller for now bc the flows equation could be a few days effect... i think there will be some dip snatching here.

what do you think?

V