$XIAOMI-W(01810.HK) stock price plummeted, giving the feeling that everyone kicks a man when he's down!

Smartphone profits are almost gone, sales are declining 📉, the target of 550,000 cars is far out of reach, they've chased several hot topics in a row, but after launching products, market acceptance hasn't been high. Last year they had orders but no factories, which gave CEO Lei a lot of motivation to invest heavily in building factories. Now the factories are up, but the orders are gone. Seeing car orders drying up and hitting rock bottom, a frantic CEO Lei keeps doing live streams and trying to prove himself. It's really tough for him, but with the overall poor environment, the public just isn't buying it.

Smartphones, car manufacturing, home appliances—each valued at around 100 billion, totaling about 350 billion. Personally, I think there's still room to fall. If it reaches near 20 within this year, cutting losses at any time wouldn't be too late. Don't delude yourself; it's already been halved, it's already fallen this much, it's already at 29, how much lower can it go? Don't be controlled by this kind of emotion.