>80% down from the high. No matter how crappy they are and no matter how terrible an investment environment China is, as a trader these bounce can be a good short-term play.
I'm looking at DOYU and HUYA. If they can make some small red days I'm gonna take a chance at a long.
I have been burnt catching these dips before on BABA and PDD. Not planning to hold them for long, but trading? sure yeah.