Does End of Quarter Window Dressing present buy opportunities - WETOUCH TECHNOLOGY, FXI, other Chinese names
Will we see a repeat of the previous end of March lows, with a bounce beginning in the new quarter?
June has hammered these stocks. Many rightfully so. But is sentiment so incredibly horrible that an opportunity exists? Or, is China entering some type of depression?
No doubt, things can go lower for longer. But in full disclosure, I do own **WETH**, and posted about it a couple of days ago ($10/sh cash, no debt, growing REV and NI, etc. - current trades at $1.13).
So my questions are:
Is there some value here that is being disregarded?
Is there an opportunity to make a profitable trade in this sector specifically?
Would you scale in before or wait until after for confirmation of a turn?
Thank you in advance for any replies. I look forward to a respectful discussion.