NetEase, Inc., each representing 25 ordinary shares (NTES) Social Stream
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$NTESShortsellmaster, published October 27, 2020
For everyone looking for profits soon, I’d highly recommend this stock. It’s at a point where it’s about to shoot up by 20-30%.
Here are my reasons for it.
1) NTES has a record of lying flat before a jump
2) It hasn’t traded this low since July.
3) majority of the stock is held by insiders. It has a very strong platform and stable rates
4) Think about this. What is NTES? It’s a leading gaming platform in China. What do you think people did during these holidays due to covid? Remember, Chinese are big on games.
5) It has a history of outperforming forecast earning and it’s legit profitable. It’s not like the bullshit company making losses and people still putting money in it
6) P/E ratio is perfect. Not many debts and lots of revenue and plenty of cash flow.
7) All Chinese companies like alibaba etc are trending up. Covid is over in China and the markets are open. It’s no surprise that this will follow.
Now here’s my suggestion. Buy this and keep it long or med term (2 no).