However, after a roughly 467% YTD rally and another 13.6% jump in one day, I wouldn’t chase it. Expectations are already extremely high, while the 80% margin target and HBF opportunity still need to be proven. I would rather let the market cool down and see whether the fundamentals continue to catch up with the valuation.
For me, US$2,200 is possible, but I don’t need to chase it today. I’d rather wait for a meaningful pullback and add if the long-term thesis remains intact.
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- XianLi·08-14TOPTrimmed some around 180 too, not chasing after a 467% run. Long term still works, but what even counts as a meaningful pullback here?1Report