YHEKF - Tencent: Mainlanders Follow Redditors To Be Anti-Establishment
- Tencent hit an all-time high on Monday, rubbing off the positive news of Kuaishou IPO and the skyrocketing share price of another of its investee, Yeahka.
- Mainlanders appeared to be neither unfazed by the heightened regulatory scrutiny nor U.S. threats of investment bans.
- Despite last week's adversity, which included a downgrade by KeyBanc, Mainlanders remained indifferent and continued to demonstrate their willingness to accumulate Tencent.
- GSX Techedu rode on the GameStop-like short squeeze mania while retail investors of TAL Education shrugged off a downgrade from the establishment.
- I highlighted a recent media gaffe and demonstrated why investors must be discerning on the information they receive.
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Tencent: Mainlanders Follow Redditors To Be Anti-Establishment