It seems like a lot of people buying Tencent $TENCENT(00700)$ are not really investing; they're speculating under the guise of investing. Let me play the role of a fortune teller and predict the future trend a bit. With Tencent's share buyback program halted, the stock price is likely to see a temporary dip followed by a rebound. After the ninth line (a metaphor for a significant point), it becomes challenging to deal with small-cap stocks. Right now, big funds might buy into stocks showing strong momentum, but they might be cautious about buying too much. Buying too little is like not buying at all, and buying too much could be a final blow. There's a limit to how much it can rise, but when exactly that will happen, I don't know. Hong Kong stocks have low valuations and few definite targets. In these past few days, there's been a lot of drama unfolding, conveniently coinciding with Tencent's upcoming quarterly report. We're seeing negative news every day, but that's just the effect others want us to see. Even if the stock price falls during this period, major funds will definitely be net inflows. Once all these coincidences pass, the skies will clear, and everyone will stop panicking. Some people will realize they're not even on the ship anymore as it sails farther away… For those who understand what I'm saying, don't say anything. For those who don't, just pretend I didn't say anything.
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