5 Oct 2023: China A50 waiting for public holiday in China to end this email week?

Hopehope赋予希望

We have seen shortsellers taking advantage of the public holiday in China this week to wreck havoc for Chinese tech equities as well as China A50.

THIS IS so not surprise as the best time to attack is when your enemy is sleeping. This is what the shortsellers are doing to China. Given this situation and at current valuation of hang Seng tech index together with Chinese tech equities valuation, I would think it will be tough for shortsellers to keep their shortselling position once we head towards the weekend. This is so as they will not be certain how the Chinese authorities will react on next Monday or Tuesday.

However, given that there are still 2.5 days left, they might still want to give it a try to push it down further.

I was pretty surprised to see the resilience in Tesla share price which did rebound pretty strongly yesterday and this does help us equities particularly the Nasdaq 100...

All in all, a50 positions will be under pressure with shortsellers keeping an eye for a potential surprise coming from Chinese authorities.. I will be very surprised if China does not come in to support the china Shanghai index if it approaches 3000 points..

Even Shenzhen index is on the verge of breaking 10k points if China does not do anything. Will they or will they not? They certainly need the capital markets for its economy...

As always, this should not be construed as any investment or trading advice.

$FTSE China A50 Index - Oct 2023(CN2310)$ $XIAOMI-W(01810)$ $Huya Inc.(HUYA)$ $Tiger Brokers(TIGR)$

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This is what the shortsellers are doing to China. Given this situation and at current valuation of hang Seng tech index together with Chinese tech equities valuation, I would think it will be tough for shortsellers to keep their shortselling position once we head towards the weekend. This is so as they will not be certain how the Chinese authorities will react on next Monday or Tuesday.</p>\n<p>However, given that there are still 2.5 days left, they might still want to give it a try to push it down further.</p>\n<p>I was pretty surprised to see the resilience in Tesla share price which did rebound pretty strongly yesterday and this does help us equities particularly the Nasdaq 100...</p>\n<p>All in all, a50 positions will be under pressure with shortsellers keeping an eye for a potential surprise coming from Chinese authorities.. I will be very surprised if China does not come in to support the china Shanghai index if it approaches 3000 points..</p>\n<p>Even Shenzhen index is on the verge of breaking 10k points if China does not do anything. Will they or will they not? They certainly need the capital markets for its economy...</p>\n<p>As always, this should not be construed as any investment or trading advice.</p>\n<p><br></p>\n<p><a href=\"https://ttm.financial/FUT/CN2310\">$FTSE China A50 Index - Oct 2023(CN2310)$ &nbsp;</a><a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a><a href=\"https://ttm.financial/S/HUYA\">$Huya Inc.(HUYA)$ &nbsp;</a><a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ &nbsp;</a></p></body></html>","htmlText":"<html><head></head><body><p>We have seen shortsellers taking advantage of the public holiday in China this week to wreck havoc for Chinese tech equities as well as China A50. </p>\n<p>THIS IS so not surprise as the best time to attack is when your enemy is sleeping. This is what the shortsellers are doing to China. Given this situation and at current valuation of hang Seng tech index together with Chinese tech equities valuation, I would think it will be tough for shortsellers to keep their shortselling position once we head towards the weekend. This is so as they will not be certain how the Chinese authorities will react on next Monday or Tuesday.</p>\n<p>However, given that there are still 2.5 days left, they might still want to give it a try to push it down further.</p>\n<p>I was pretty surprised to see the resilience in Tesla share price which did rebound pretty strongly yesterday and this does help us equities particularly the Nasdaq 100...</p>\n<p>All in all, a50 positions will be under pressure with shortsellers keeping an eye for a potential surprise coming from Chinese authorities.. I will be very surprised if China does not come in to support the china Shanghai index if it approaches 3000 points..</p>\n<p>Even Shenzhen index is on the verge of breaking 10k points if China does not do anything. Will they or will they not? They certainly need the capital markets for its economy...</p>\n<p>As always, this should not be construed as any investment or trading advice.</p>\n<p><br></p>\n<p><a href=\"https://ttm.financial/FUT/CN2310\">$FTSE China A50 Index - Oct 2023(CN2310)$ &nbsp;</a><a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a><a href=\"https://ttm.financial/S/HUYA\">$Huya Inc.(HUYA)$ &nbsp;</a><a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ &nbsp;</a></p></body></html>","text":"We have seen shortsellers taking advantage of the public holiday in China this week to wreck havoc for Chinese tech equities as well as China A50. THIS IS so not surprise as the best time to attack is when your enemy is sleeping. This is what the shortsellers are doing to China. Given this situation and at current valuation of hang Seng tech index together with Chinese tech equities valuation, I would think it will be tough for shortsellers to keep their shortselling position once we head towards the weekend. This is so as they will not be certain how the Chinese authorities will react on next Monday or Tuesday. However, given that there are still 2.5 days left, they might still want to give it a try to push it down further. I was pretty surprised to see the resilience in Tesla share price which did rebound pretty strongly yesterday and this does help us equities particularly the Nasdaq 100... All in all, a50 positions will be under pressure with shortsellers keeping an eye for a potential surprise coming from Chinese authorities.. I will be very surprised if China does not come in to support the china Shanghai index if it approaches 3000 points.. Even Shenzhen index is on the verge of breaking 10k points if China does not do anything. Will they or will they not? They certainly need the capital markets for its economy... 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