'China's Buffett' Duan Yongping Casts Doubt on Laopu Gold's 'Hold and Accumulate on Weakness' Strategy
"Chinese Buffett" Tracking
Yesterday
Value investor Duan Yongping reposted an investor's statement on Chinese platform Xueqiu on August 31, commenting: "How come it feels like you're trying to embolden yourself?"
The investor had written: "I will hold Laopu Gold for the long term! The more it falls, the more I buy! The more I can hold! Is this considered long-term holding?" Duan questioned the approach, implying it may be a form of self-reassurance.
Laopu Gold is a gold jewelry company that has recently drawn market attention due to stock price fluctuations. Duan, a well-known value investor, often influences market sentiment, but this comment neither endorses nor dismisses the company or the strategy.
As of publication, Duan has not provided further clarification.
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