Boss's Boss

$ XTALPI(02228.HK) HKEX official morning short-selling data "up to morning close":Short-selling volume• 2026-06-30 morning: 6.304 million sharesShort-selling amount• 2026-06-30 morning: HK$48.717 millionTotal morning trading volume• 2026-06-30 morning: approx. 33.755 million sharesTotal morning turnover• 2026-06-30 morning: approx. HK$260.6 millionMorning short-selling ratio• 2026-06-30 morning: approx. 18.7%Compared to yesterday:Yesterday's full-day short-selling ratio was only 7.05%, this morning it has already returned to 18.7%.This morning's short-selling volume of 6.304 million shares already equals 58.5% of yesterday's full-day volume of 10.776 million shares.The weighted average short-selling ratio since June is about 17.16%, so this morning is already slightly above the June average.What puzzles me the most right now is, what kind of capital, at this level, is so aggressively continuing to short? Naked shorting? Or hedging? For instance, hedging required for investment banks issuing callable bull/bear contracts or options?

$ Rocket Lab(RKLB.US)In one sentence:  **The direction of a good deal is "buying time, buying spectrum, buying cash flow, buying the application layer"; the risk is "using high leverage and dilution to buy a mature network that must grow again".**— Jason 🍎 Just do it! Rocket Lab is acquiring Iridium Communications Inc – one of the most transformative deals in the space industry.By combining our launch capability and satellite manufacturing with @IridiumComm’s global satellite communications network and rare spectrum, Rocket Lab becomes a fully integrated, self-launching, tier-1 space power, delivering critical communications capability to millions of users worldwide.

$ Tesla(TSLA.US) I recommend it to everyone, buy, buy it for me! Don't stop buying!

$ Recursion Pharmaceuticals(RXRX.US) $ Robinhood(HOOD.US) The market seems to be correcting the prices of these two stocks. It's just a bit late. The call options are most likely going to be sacrificed. But in the long run, I still maintain my optimistic long-term view on them.

$ Rocket Lab(RKLB.US)Hahaha Right now, all my US stock holdings are rising today. Hahaha

Key points of the 2025 Q4 and full-year earnings call:

$ Netflix(NFLX.US) Jason 🍎's simple analysis for me-----NFLX current analysis (2026-05-28)Current price safety cushion:Latest price 87.35 USD (after-hours 87.365).RCN Strike 71.8685 → Safety margin ≈ +21.5% (current price / Strike - 1).Sufficient buffer, only +0.3% away from the Call Level (87.05), but risk is controllable with monthly observation. It forms complementary exposure with your existing NFLX stock position (cost around 86).Medium-to-long-term trend judgment: Slightly positive (core drivers remain).Fundamental,,Valuation: Current PE 27.61, below the 5-year reasonable range, cheaper than 85.85% of the time in the past 5 years (industry rank 7/68). Historical high once exceeded 59, fell to the 15-17 range during the 2022 low, currently in a relatively undervalued area.,Growth engines: Advertising business continues to expand (entering 15 new markets in 2027), password-sharing crackdown + ad tier have significantly boosted ARPU and profitability. Content partnerships with Spotify and others are deepening (Jay Shetty podcast big deal), international + original content moat remains.,Risks: High content costs, competition (Disney+/Prime), but Netflix has shifted to 'profit-first + advertising monetization', medium-to-long-term cash flow quality is improving.,Sentiment,,Institutions continue to buy (multiple recent 13F/13D increase records).,Positive news on advertising expansion and content partnerships, market acceptance of the 'Netflix 2.0 profit story' is recovering.,Overall sentiment is shifting from the 2022-2023 'growth slowdown concerns' towards a 'mature streaming leader + cash cow' positioning.,Capital Flow,,Recent trading volume aligns with institutional buying signals, retail/ETF inflows are relatively mild but stable.,Matches the RCN structure: High coupon (12%) + principal protection buffer, suitable for holding or slightly adding near the current price.,Comprehensive suggestions (for reference, not trading instructions):RCN level: Good safety margin, 12% coupon is highly attractive, suitable for continued holding and observing the monthly Call.,Stock level: Valuation is reasonable around 87.35, can serve as a supplement to core holdings; if wanting to add, suggest doing so in batches around the cost of 86.,Medium-to-long-term (1-3 years): High probability of upward trend, key catalysts are the continuous increase in advertising revenue share + content ROI improvement. Downside mainly comes from macro recession or major content mistakes, but current buffer is sufficient.My reason for building a position in NFLX is not to expect it to double in the short term or anything, but to deploy a portion of funds that originally required relatively moderate upside expectations into NFLX at the current level. My judgment is that downside is limited, and upside around 50% is not a problem; it's a decent deployment mathematically in terms of expected value.

$ Li Auto(LI.US) $ LI AUTO-W(02015.HK) I had a discussion with a former core person who used to work at Li Auto about the company's situation over the past few years. The conclusion is not optimistic. My personal judgment is that Li Xiang's past success has largely become an obstacle for the company to reach a higher level. When it cannot break through to a higher level, the only way left is downhill. The three major issues compiled from the conversation are consistent with my previous personal judgment: 1. Severe misalignment between the positioning and the actual market situation when MEGA was launched; 2. Persistent refusal to enter the sedan market; 3. Slow progress in autonomous driving, with significant organizational challenges emerging;Starting a business is tough! How to avoid being blind and not blindly follow, including towards oneself, is always a challenge. Currently do not hold any Li Auto related stocks;

$ iShares Bitcoin Trust ETF(IBIT.US) $ IShares Ethereum Trust ETF(ETHA.US) $ BitMine Immersion Tech(BMNR.US) $ Strategy(MSTR.US)Crypto fear index 15, basically in a state of market crash. What's going on here? It's really tough; All in, all in! Go!

$ Robinhood(HOOD.US)$ iShares Bitcoin Trust ETF(IBIT.US)The biggest divergence point for short-term Bitcoin has arrived. If it can break through, a real breakout, then there's still a glimmer of hope for the held HOOD options. Otherwise, well, it's going to show you what death looks like.

$ Windtree Therapeutics(WINT.US) Sigh... I admit defeat.

$ Lemonade(LMND.US)$ Netflix(NFLX.US) are both prepared for a two-year holding period.

$ BitMine Immersion Tech(BMNR.US)Sell bnb to buy etheth will inevitably become the infrastructure of the new generation of AI finance.My claw bot has already set up an eth wallet, and I have given it some money of its own, because the private key is managed by itself.

$ Coinbase(COIN.US) is considering whether to sell Coinbase and switch to $ Lemonade(LMND.US). Although Coin is indeed at the bottom currently, the main consideration is concentration risk.