Agreed, and everything I read on JD is that they are doing it right by sinking all their profit back in to the Logistics and customer experience, very similar to Amazon here. Just a matter of time for it to pop...Prognightmare said:
Short term trading will be difficult to take but investment is loading the gun. China and the US are back to talking on trade balance. This WILL be resolved because it is hurting China considerably. When it does, both markets will explode and JD should payoff really nice for you. Following politics, I wouldn't be surprised if this trade war with China is resolved in October prior to the midterms. Trump will be able to campaign on a record stock market and 401Ks for R's.
The call is just trading on the resistance and hoping for a quick $1-2 bounce (as it did last week) so I can flip for the premium