I love short-term trades, and the Chinese tech stock dip in the American Depository Receipt (ADR) names have presented some fantastic opportunities in recent weeks.
If you've been following me for a while, then you probably know all about how I bought the dip in DiDi for some spectacular results...
But as much as I love these trades, I have to be honest — they come with their fair share of risk that shouldn't be brushed off, especially considering recent events.
Back in the good old days of a few months ago, the major risks on ADR stocks usually came in the form of short reports.
We saw this happen with stocks like Techdu — now trading as Gaotu Techedu Inc., and Tal Education Group.
At the time of the reports, those companies were trading at ridiculous valuations and short sellers called them out for good reason...
And if that’s all we had to worry about, that would be great.
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