Lion-OCBC Securities Hang Seng TECH ETF

Nightwaxing

Nightwaxing

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jywy2005 said:
This one is a favourite among shortists. Everyday high volume and trending lower. Really no eyes see. :mad: This is the worst ETF in my portfolio.
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Yes, we should not assume that all ETF are good. Bought this before, bought ARKK before.
 
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homer123

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Massacre for China Tech!!​

1b4908fdf32dd1864afb8504ad1e06ae76eed405.
 
jywy2005

jywy2005

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Soon HST will become penny stocks. Really no eye see.

Mine averaged down from $1.3 to $1 to $0.70.
 
revhappy

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paladin said:
May see margin call tomorrow for another leg down. Then, national team to the rescue.
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Since we know, every seller has a buyer. So everything that foreigners have sold has been bought by China locals or even the China PPT, except that foreigners have just sold at any price they get.

For PPT to make an impact they need to buy at any price and take the price high. But why would they do that? Just keep buying it from foreigners for cheap. Eventually when all foreigners have sold their holdings, the locals would then benefit if these companies are still viable.
 
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paladin

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revhappy said:
Since we know, every seller has a buyer. So everything that foreigners have sold has been bought by China locals or even the China PPT, except that foreigners have just sold at any price they get.

For PPT to make an impact they need to buy at any price and take the price high. But why would they do that? Just keep buying it from foreigners for cheap. Eventually when all foreigners have sold their holdings, the locals would then benefit if these companies are still viable.
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Actually this is the intent, so that Chinese can partake in the growth and prosperity of their Chinese companies rather than benefiting foreign owners only. When prices are cheap, all sorts of Chinese funds, ETF, sovereign fund will come in, including Temasek. Chinese do not like to assist the 'enemy' to grow richer.

If there is a peaceful winter without severe lockdowns, it's time to relook China stocks again, after all, it is expected to still register growth in 2023 compared to US or Europe.
 
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churnmaster

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paladin said:
Actually this is the intent, so that Chinese can partake in the growth and prosperity of their Chinese companies rather than benefiting foreign owners only. When prices are cheap, all sorts of Chinese funds, ETF, sovereign fund will come in, including Temasek. Chinese do not like to assist the 'enemy' to grow richer.

If there is a peaceful winter without severe lockdowns, it's time to relook China stocks again, after all, it is expected to still register growth in 2023 compared to US or Europe.
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It is this belief that has resulted in so many bag holders.
 
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