Don't short CN ADRs!

BrianTycangco鄭彥渊
09-26

a lot of the CN tech names are bid up on HK open after their shares held up well overnight. $BABA-W(09988)$ $JD-SW(09618)$ $BIDU-SW(09888)$ $TME-SW(01698)$ $MEITUAN-W(03690)$ $WB-SW(09898)$ $BILIBILI-W(09626)$ $NTES-S(09999)$ $NIO-SW(09866)$ $LI AUTO-W(02015)$ $XPENG-W(09868)$

I'm a bit concerned seeing that we're at overbought levels for many of these names. But in my experience, overbought can stay overbought when there's reason to keep buying. In this case, more news of stimulus from Beijing/PBoC.

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That's a 3-year downtrend that JD.com just broke out of with high volume.

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Im dead serious. You don’t want to be short CN ADRs from hereon out.

I don’t have anything against short selling. It’s just part of how the market works. It helps investors benefit from both good and bad markets/trends.

But the days of betting against China - and betting against the will of Beijing to enact forceful measures to help both economy and market - are coming to an end.

They said “Don’t fight the Fed” and they were right. The same will soon be said for the PBoC.

https://x.com/BrianTycangco/status/1839116157590319331

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  • 666huat666
    ·09-26
    no shot no up hahaha
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