Top 10 Influencers in 2024$CHABAIDAO(02555.HK)New method for IPO subscription in Hong Kong stocks
Now there is no profit effect in subscribing to Hong Kong IPOs, unlike the blind rush in 2017, 2018, 2019, 2020, and 2021. The best way to make money from Hong Kong IPOs is to wait for a big drop on the first day, buy the dip, and sell on the same day.
CHABAIDAO had an intraday low and closing price with an 18.5% increase today, making a 5-10% gain not particularly difficult, mainly because it has earnings support. The intraday drop of nearly 40 points was a bit exaggerated.
This method is only applicable to IPOs with earnings support or a compelling story. Small-cap stocks, even with good earnings, are generally not worth considering. Today, $TJCD(02515.HK)dropped 40%.
Actually, once the U.S. stock market stabilizes, U.S. IPOs will present even more opportunities.
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