Win some and lose some, move on - Pop Mart
I first discovered this stock somewhere in November last year when my daughter and I were out shopping in town. We came across its retail shop in Orchard and went in to take a look. I have never seen such toys before and were amazed more by the crowd than anything. They were mostly teenagers and long queues were forming when we left.
Days later, I went to a nearby shopping mall to get some groceries and again I saw its vending machine. I took a picture to remind myself to check it out. It was around the 40 dollars range and I wanted it to pull back before taking a position. In the end, I did not and sad to say, the price has gone up almost 2.5x !!!!
Weeks later, I was surprised to see more articles coverage on this company, add salt to my wound for not buying and there were even some local TV coverage as well (reaching a critical mass for the media to take notice - a good sign).
It is always easy to look at things on hindsight - what if it had gone south and went 2.5x down? Would I not sit back and say, how wise of me, haha. Live and let live, no point regrets, move on to the next better player in town.
Days later, I went to a nearby shopping mall to get some groceries and again I saw its vending machine. I took a picture to remind myself to check it out. It was around the 40 dollars range and I wanted it to pull back before taking a position. In the end, I did not and sad to say, the price has gone up almost 2.5x !!!!
Weeks later, I was surprised to see more articles coverage on this company, add salt to my wound for not buying and there were even some local TV coverage as well (reaching a critical mass for the media to take notice - a good sign).
It is always easy to look at things on hindsight - what if it had gone south and went 2.5x down? Would I not sit back and say, how wise of me, haha. Live and let live, no point regrets, move on to the next better player in town.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.