Q: A fear and greed scenario: VIPS, the Chinese on line retailer, had a huge pop last week on some VG numbers. On paper I have a best ever fast profit. But now it is sliding down fairly quickly. Would you expect it to stabilize and start to move back up or keep dropping.
So, buy, hold or sell now and what criteria would you use in making that decision?
Thanks in advance for your help.
So, buy, hold or sell now and what criteria would you use in making that decision?
Thanks in advance for your help.