Checking in on China stocks (TCEHY, JD, BABA, FXI, KWEB) and TSM after a week of massive gains.
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- Опубліковано 26 кві 2024
- #investing #trading #stockmarket
Hi all,
China stocks have outperformed massively over the last week. With stocks like #tencent going up close to 20% in a week, #jd up 15% and even #alibaba going up close to 10%. It's been a great week to own the China stocks. Now, given that the Chinese macro picture is starting to look better, the CCP is starting to be kinder and friendlier to public companies, and from a technical point of view these names are all starting to look good, maybe its time to start a position if you haven't already. Or if the individual names scare you, at least look at the indexes like #kweb and #fxi.
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It's hard to get excited about gyna. Just feels weird investing in a hostile nation. I've got a single YINN call and a lot of TSM chairs. Hope it works out for you 🤞
I hope it does too
@31:37 Have owned TSMC in my ROTH since October/November. Thats as close as I'm getting to China in terms of investment lol.
Ya that's why I added that part. If China takes off tsm will as well.
Why did you sell Baidu?
I got stopped out at 96 and didn't rebuy because my China basket was getting painful.