Those who followed me knows that I am quite heavy on my China portfolio and Xiaomi is one example here .
We can see from chart that it has fallen more than 40% from the peak and followers are concerned and some getting panicked about selling.
The Chinese Government are concerned and have offered "helicopter money" to the much needed stock market ! Read article here!
If you look at individual stocks like Tencent , Meituan ,etc you would see that selling pressures has not eased and I think we would continue to see some more selling (tail end) before we see a meaningful rebound.
Looking at the chart, if you are bullish on the prospects of Xiaomi, then you may want to allocate 10-25% of your capital to scoop up this stock on the cheap.
Again, I was asked, should you short the chinese stocks ? My answer would be it depends on your strategy and objective. If you had time the entry perfectly, you would have made 30% at around 32.50 price level. But shorting is not everyone's cup of tea as some prefer to buy and hold so you need to know your own temperament , time line ,etc. No one fixed strategy to fit everyone.
I am excited to see how the news will shore up the stocks over the next few weeks.....
We can see from chart that it has fallen more than 40% from the peak and followers are concerned and some getting panicked about selling.
The Chinese Government are concerned and have offered "helicopter money" to the much needed stock market ! Read article here!
If you look at individual stocks like Tencent , Meituan ,etc you would see that selling pressures has not eased and I think we would continue to see some more selling (tail end) before we see a meaningful rebound.
Looking at the chart, if you are bullish on the prospects of Xiaomi, then you may want to allocate 10-25% of your capital to scoop up this stock on the cheap.
Again, I was asked, should you short the chinese stocks ? My answer would be it depends on your strategy and objective. If you had time the entry perfectly, you would have made 30% at around 32.50 price level. But shorting is not everyone's cup of tea as some prefer to buy and hold so you need to know your own temperament , time line ,etc. No one fixed strategy to fit everyone.
I am excited to see how the news will shore up the stocks over the next few weeks.....
Komen:
Praise God
Komen:
we need to break out of 27 as price resistance
Komen:
bought some yesterday as part of long term investment strategy