Jmei stock

This stock is on my watch list. It's a chinese online cosmetics e-commerce company. I just bought this stock at 23.00. Looks like a strong growth stock. I'm comparing it with VIPS.

The numbers don't lie. Check out hard facts before you invest .
statista.com/topics/1007/e-commerce-in-china/
China has 350 million online shoppers. That is like the entire population of America. I believe as China begins to lift the other 4th / 5th tier cities out of poverty in the next 20 years. The number of online shoppers will double.

Also the majority of online shoppers are female shoppers who spend almost 30% of their income on cosmetics. It's a face thing as chinese women need to make up before they leave home.

Strong buy i think.

fundamentally you may be correct. Technically in the short term the price is hard down. Up a little today, but if it breaks 22 who knows where it goes. It is also a little hard to assess overall picture since there is only been 25 days of trading. It will be interesting to watch.