Constantly I will get the same question over and over and over again.
"Yongli, tell me at what price do you think is the bottom for this particular company?"
My consistent answer will be "Only God Knows"
Why am I giving this answer?
Because the answer is the brutal truth to that question! No one will ever know unless (Big boys with big financial muscles are manipulating the capital market and it is illegal and unethical to do so)
If someone ever told you that he/she holds the holy grails of the stock market, then you better run fast away, because he/she is a con artist. That person is lying straight in your face. The main source of income this type of person makes is mainly from selling courses, using unscrupulous marketing techniques to "cheat" peoples' money. I have met some and I tried to stop people from being cheated. However, the truth is it is easier to fool people than to convince them that they have been fooled.
Ultimately the main thing is to get to know the valuation of the company rather than to guess the millions' mind of where the price is going.
Which comes to the point that most only know the price of everything and the value of none.
"Yongli, tell me at what price do you think is the bottom for this particular company?"
My consistent answer will be "Only God Knows"
Why am I giving this answer?
Because the answer is the brutal truth to that question! No one will ever know unless (Big boys with big financial muscles are manipulating the capital market and it is illegal and unethical to do so)
If someone ever told you that he/she holds the holy grails of the stock market, then you better run fast away, because he/she is a con artist. That person is lying straight in your face. The main source of income this type of person makes is mainly from selling courses, using unscrupulous marketing techniques to "cheat" peoples' money. I have met some and I tried to stop people from being cheated. However, the truth is it is easier to fool people than to convince them that they have been fooled.
Ultimately the main thing is to get to know the valuation of the company rather than to guess the millions' mind of where the price is going.
Which comes to the point that most only know the price of everything and the value of none.
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