Thursday, March 25, 2021

Selling Baozun (BZUN) @ $34.38 (3.95% Gain)

 Baozun is a Chinese e-commerce and social media services company operating in China. The Thesis for buying was the business Baozun was doing with American brands in China.

- After holding for 12.5 months the stock price has remained basically flat. 

- US - China tensions aren't good news as far as future prospects are concerned.

- I was expecting stronger results and growth.

- Selling the position with a small gain and making room for a new investment.

- I will keep looking at China for opportunities but will currently take a 'wait and see' approach with regards to this market.

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