XIAOMI-W

New stocks and HK stocks are all in the red 😇

Hong Kong stocks are in a sea of red, dizzying 😵

NFP showed weaker job numbers than anticipated, which reversed expectations of near term Fed rate hikes. Markets are no longer pricing in one more rate hike by end of year. This should give some relief at the short end of the curve and has led to a broad rally since the data was released

Job reports are out, with the labour market faltering in September with a lower increase in jobs by just 29,000, well below the forecast of 84,000. With a lower than expected growth, concerns over inflation eases slightly and rate hike probability hence drops further for October, albeit likely to have 1 more in November/December.

Just bought some more Reits today at a bargain price. Could it drop some more? Absolutely. Bond yields are still skyrocketing which is one of the major factors in play. However, I'm accumulating Reits for dividend play in the long term, and dividing my capital for a few different price range to better capture the dips.

I like the way the market shrugs off the bears and keep moving up into a seasonally bullish period as well as the US midterms which have historically provide a year end rally into clarity.

The market keeps marching onwards despite almost everyone being bearish. That is ironically bullish. If jobs data is not as strong as expected, the market might take that as a green sign to rally. I am cautiously bullish.

📌🇺🇸 Spot ON, last session I did said If I were to focus on the screen, likely to shoot up, I did few adjustments due to daily unpredictable volatility and seen its rotation and inconsistency. I happened to wake up past 3am and saw favourable position for me to adjust a bit further, no chance to enter a few other intended names. Both SG and China also closed recently as Red across the board! Nothing is stable for now still, buy with mindset of long term if can stand to see 🛑 on your dashboard every day which is pretty annoying for me ha 🎲 😅

$XIAOMI-W(01810.HK)

🚗 Xiaomi - Steady Through the thunder Storm

📌 Context

Xiaomi share price has been weak for quite sometimes. Xiaomi recorded a low of HK$23.74 this morning, and down 4.52% during lunch time. It is near a one month low as the Hang Seng fell over 500 points.

I notice that the short selling pressure has risen and the stock is down roughly 20 percent from my entry price recently.

Even so, September auto deliveries topped 40,000 units and the business remains fundamentally strong.

💼 My Trade

My current average cost stands at HK$30.153, currently down 20%. I just added another 200 shares at HK$23.92 after I saw the great opportunity. Honestly I have been waiting at this level for quite sometime.

I am not swayed by the short term noise and i am confident with the current company fundamentals business model, especially the EV segment.

🔑 My Takeaway

Prices can swing wildly in the short run, especially when market sentiment turns negative.

But I bought Xiaomi for its solid fundamentals with proven business model, growing ecosystem and long term potential.

I will stay the course. When others sell in fear, I see an opportunity to add at prices I find it attractive.

Let’s go Xiaomi. You can make it.😁

Good news to see Micron, SK Hynix, SanDisk S&P 500, Nasdaq, Dow, Nvidia, and Avalon US Stocks rise.

But Hong Kong Stocks for Xiaomi, Alibaba, Tencent, and Byd prices lower.

For Tencent is due to leasing about 100,000 AI chips for five years across Oracle data centres.

Brent price increases.