Buy where no one cares, sell when there is a clamor of voices

Do not come when the peak is hot. The trendy IP LABUBU continues to be popular. Today, a friend outside my circle suddenly messaged me asking how to buy Bubble Mart stock, which surprised me greatly. Even those who never invest in stocks are experiencing FOMO, hoping to get a piece of the action. Bubble Mart has fermented like a MEME, and looking back at its development over the past few months, it can be said that Bubble Mart is like a MEME, it looks more and more like one.

Currently, Bubble Mart's market cap is about 347.5 billion Hong Kong dollars, with a price-to-earnings ratio of about 105 times, a price-to-book ratio of about 32.5 times, and ROE close to 34%. This is a seriously overvalued level. Wall Street research institutions believe it is overvalued by 22–23%. The bulldozer-like rise has already seen a 15-fold increase from the bottom, and now the probability of getting on board is very high. Let's wait for a pullback; newcomers should not FOMO.

"Buy when no one is asking; sell when there is a crowd" is a timeless truth.