Over 1 Year Ago
2 Min Read
HKD still up today despite meme selloff, and greater market slump
Shares of AMTD Digital Inc - ADR (HKD) are trading 10% higher at a price of $186.88 at the time of this writing. The stock is surpassing peers on a somewhat glum day for the Information Technology sector.
The stock was outperforming meme peers, and it's sector as the meme family of stocks sells off and the broader market slumps.
AMTD Digital Inc - ADR has been trading between a 52-week high of $2555.3 and a 52-week low of $12.05. The stock has a market cap of $4.36 Billion.
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
fakernumber1 - 11 upvotes - source
Is there any chance gct could get as big as hkd did?
xxZhexx - 7 upvotes - source
If you’re up a good amount I’d sell enough to cover your initial investment and then let whatever is left ride with a stop loss. Look at HKD for what happens with these stocks and how terrible things can go if you don’t get out before the crash
5arcastic_8astard - 7 upvotes - source
its HKD tho, not HDK like in the title
Leading-Voice-3495 - 7 upvotes - source
I had hkd at $2,200..... only $8 worth cause I had some spare change laying around
kk7766 - 6 upvotes - source
Nobody was actually buying $HKD the volume was insanely low it was just a Chinese scam everyone was watching but nobody actually bought it
Unfair_Woodpecker149 - 5 upvotes - source
My thoughts are it’s gonna go higher. Like much higher. $440 million is revs and that number is likely to increase. The DD I’ve done tells me it is legit and should see a nice run. Tomorrow we could see a pullback but if you compare to HKD it is similar in a lot of ways. Sold half my position for 110% gains and am riding the rest as free shares. Will definitely have to keep an eye on it but I’m not buying anymore at $46. If it dips below $40 I will add some for sure. Yes it’s a Chinese stock so it is risqué but I think it’s undervalued where it sits currently. I want to think fridays sell off was due to it being the weekend and profit taking and fears of recession. If the market opens green I could see it hitting $80 but that’s just one regards opinion
HBOMinimum - 5 upvotes - source
HKD hit $2,500 with 220k volume If that’s what happens when there’s no volume then everybody stop voluming
Klutzy_Subject6834 - 4 upvotes - source
I feel the best thing to do with this play is to buy what you're comfortable with then when it doubles which it likely will then sell half and let the rest ride, yea there can be a rug pull but the fundamentals and float could send this higher than HKD
Leading-Voice-3495 - 4 upvotes - source
I'll take some proffits, but danm.... this could run hard in the wake of hkd
Doggybone_treat - 4 upvotes - source
Can't compare to HKD. HKD was a p and d upon the very first day it IPOed. You won't get a pump like that on an old stock that's been traded for a while.
The stock was outperforming meme peers, and it's sector as the meme family of stocks sells off and the broader market slumps.
AMTD Digital Inc - ADR has been trading between a 52-week high of $2555.3 and a 52-week low of $12.05. The stock has a market cap of $4.36 Billion.
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
fakernumber1 - 11 upvotes - source
Is there any chance gct could get as big as hkd did?
xxZhexx - 7 upvotes - source
If you’re up a good amount I’d sell enough to cover your initial investment and then let whatever is left ride with a stop loss. Look at HKD for what happens with these stocks and how terrible things can go if you don’t get out before the crash
5arcastic_8astard - 7 upvotes - source
its HKD tho, not HDK like in the title
Leading-Voice-3495 - 7 upvotes - source
I had hkd at $2,200..... only $8 worth cause I had some spare change laying around
kk7766 - 6 upvotes - source
Nobody was actually buying $HKD the volume was insanely low it was just a Chinese scam everyone was watching but nobody actually bought it
Unfair_Woodpecker149 - 5 upvotes - source
My thoughts are it’s gonna go higher. Like much higher. $440 million is revs and that number is likely to increase. The DD I’ve done tells me it is legit and should see a nice run. Tomorrow we could see a pullback but if you compare to HKD it is similar in a lot of ways. Sold half my position for 110% gains and am riding the rest as free shares. Will definitely have to keep an eye on it but I’m not buying anymore at $46. If it dips below $40 I will add some for sure. Yes it’s a Chinese stock so it is risqué but I think it’s undervalued where it sits currently. I want to think fridays sell off was due to it being the weekend and profit taking and fears of recession. If the market opens green I could see it hitting $80 but that’s just one regards opinion
HBOMinimum - 5 upvotes - source
HKD hit $2,500 with 220k volume If that’s what happens when there’s no volume then everybody stop voluming
Klutzy_Subject6834 - 4 upvotes - source
I feel the best thing to do with this play is to buy what you're comfortable with then when it doubles which it likely will then sell half and let the rest ride, yea there can be a rug pull but the fundamentals and float could send this higher than HKD
Leading-Voice-3495 - 4 upvotes - source
I'll take some proffits, but danm.... this could run hard in the wake of hkd
Doggybone_treat - 4 upvotes - source
Can't compare to HKD. HKD was a p and d upon the very first day it IPOed. You won't get a pump like that on an old stock that's been traded for a while.
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