Tencent offers 50% discount or more this Christmas !
Read latest articles here , here and here.
There is a Chinese saying that "Big trees attract the wind" which means that a tech giant like Tencent has certainly has the Central government hawkish eyes on them for a long , long time. The recent slew of measures imposed on them over the last few months seems like a bottomless pit (as one of my followers said and he is getting discouraged ) and depressing.
I totally agreed as the picture was not what many shareholders envisioned barely 10 months ago......
I have written some time ago (please search my posts) on concentration vs diversification strategy in setting up your investment portfolio. Again, this is not a hard and fast rule. There are people who bought only one company , say Coca Cola or Amazon or even BTCUSD and become millionaires and multi-millionaires from it. For me, I like to diversify , buying into the specialty of different companies in their respective industries. Boeing is good in aircraft and maintenance but can't do what this tech company do and neither do the tech company wants to invest the time, money and resources to do what Boeing has done over the years.
Hopefully, out of 10 stocks you pick with solid and good fundamentals, one or two become a multi-bagger that gives you 5-10 folds returns and that to me is excellent news.
Please DYODD and understand your objectives of buying into this company. How long are you prepared to hold ? What are your capital reserves ? Do you have a cut loss strategy ? Are you prepared to average in when it drops 30%, 50% , 65% ? Why yes ? Why not ? Having these answers mentally prepared helps you to steer clear of irrational thoughts and act on impulse buying or merely following calls of others who may have different strategies with you.
There is a Chinese saying that "Big trees attract the wind" which means that a tech giant like Tencent has certainly has the Central government hawkish eyes on them for a long , long time. The recent slew of measures imposed on them over the last few months seems like a bottomless pit (as one of my followers said and he is getting discouraged ) and depressing.
I totally agreed as the picture was not what many shareholders envisioned barely 10 months ago......
I have written some time ago (please search my posts) on concentration vs diversification strategy in setting up your investment portfolio. Again, this is not a hard and fast rule. There are people who bought only one company , say Coca Cola or Amazon or even BTCUSD and become millionaires and multi-millionaires from it. For me, I like to diversify , buying into the specialty of different companies in their respective industries. Boeing is good in aircraft and maintenance but can't do what this tech company do and neither do the tech company wants to invest the time, money and resources to do what Boeing has done over the years.
Hopefully, out of 10 stocks you pick with solid and good fundamentals, one or two become a multi-bagger that gives you 5-10 folds returns and that to me is excellent news.
Please DYODD and understand your objectives of buying into this company. How long are you prepared to hold ? What are your capital reserves ? Do you have a cut loss strategy ? Are you prepared to average in when it drops 30%, 50% , 65% ? Why yes ? Why not ? Having these answers mentally prepared helps you to steer clear of irrational thoughts and act on impulse buying or merely following calls of others who may have different strategies with you.
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www.cnbc.com/2021/12...e-in-all-places.html
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added more this morning , nice bullish candle at end of day
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adding more later
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www.cnbc.com/2022/02...us-markets-list.html
This ongoing saga between US and China may take a while more before the dust settles..... Meanwhile, Central Government in China are injecting liquidity to boost the economy aka stock market while institutional buyers like GS, JPM have already started to accumulated Chinese stocks.
This ongoing saga between US and China may take a while more before the dust settles..... Meanwhile, Central Government in China are injecting liquidity to boost the economy aka stock market while institutional buyers like GS, JPM have already started to accumulated Chinese stocks.
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www.bloomberg.com/ne...-license-requirement
Looks like the regulator may be done with Alibaba and is now moving on to Tencent. While the last few days have seen share price coming back up , I would await for price to return above 415 level before adding more.....
Looks like the regulator may be done with Alibaba and is now moving on to Tencent. While the last few days have seen share price coming back up , I would await for price to return above 415 level before adding more.....
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will add some shares later as 320 is at a support level. if this fails to hold, we can see it falls further to 298 level which is even more attractive to accumulate.
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next support 263.80.........
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hmmmm, we are now at the 2017 low already. I wonder the upcoming Party meeting for the CPCC would yield any rally to the stock market. The tech stocks in China have taken a beating pretty hard , from a high of 766 to 266 , a 500 bucks discount for those who still believe in the China story.
Definitely not for the short term traders who prefer the ins and outs of the market movements.
Definitely not for the short term traders who prefer the ins and outs of the market movements.