海豚指数估值

This month has indeed been a bit miserable, getting hammered to the point of numbness. Whether it's the old sectors that have been around forever, or the new ones I've been adding to recently, they've all been heavily pressed underwater. Last Friday night, the US market dropped a big one, $Invesco QQQ Trust(QQQ.US) fell 4.77%, its largest single-day drop since April 2025. The S&P 500 fell 2.64%, and the Dow Jones fell 1.35%. For those holding the Nasdaq off-exchange, after tonight's NAV update, it's another wave of heavy blows. I took a quick look at the US pre-market, seems to be stabilizing a bit...

This round of the Hong Kong stock IPO bull market began in May 2024, with 10 consecutive new listings rising on their debut day. It is widely believed that $LAOPU GOLD(06181.HK), which had a public offering of 110,000 lots, closed up 72%, had over 20,000 successful applicants, generated a profit of 2900 per lot, and was available to everyone, was a key turning point when it listed on June 28, 2024. However, the bull market did not start immediately after Laopu Gold's listing. It can be seen that after 42,474 people subscribed to Laopu Gold...

I studied the dollar-cost averaging (DCA) of the $S&P 500(.SPX.US) today. Among the over-the-counter (OTC) funds that track the S&P 500 Index, only two are currently open for subscription: The one I'm interested in is the Dacheng S&P 500 with a high quota. However, this fund doesn't exactly track the S&P 500 Index; it tracks the S&P 500 Equal Weight Index. I compiled statistics on the annual gains of the S&P 500 Index and the S&P 500 Equal Weight Index over the past 10 years: It can be seen that before 2023...

Today's overall market was mostly garbage time, not worth paying too much attention to. There was a 5-minute period that really got my full focus, starting at 16:15. The $XIZHI TECH-P(01879.HK) that everyone was watching had a grey market price this afternoon. It opened up 200% and then kept climbing. As of the time I'm writing this article, it's up 333%, which is insane. I was watching it closely after it opened, and it kept rising, but I got tricked and sold on the first pullback. My selling was terrible. But to be honest, I can't find a better selling strategy. How to ease this kind of anxiety? The only way is to remove it from my watchlist after selling...

This wave of Hong Kong stock IPO subscriptions in April has created a small climax, starting from $SIGENERGY(06656.HK) to today's grey market $VGT(02476.HK). As can be seen from the chart below, the first-day gains of the first three that have already been listed are quite exaggerated, with two exceeding 100%: I found an important metric these past two days - per-lot profit, which can intuitively reflect the profitability of current new stocks. I plan to add it to the table above in the coming days. I just did a simple manual calculation of the per-lot profit, without deducting subscription fees and such. Especially the per-lot profit of Sige New Energy this wave, which is thirty thousand yuan...

Last night, the U.S. stock market saw a violent little rebound. Late last night, news came out that Donald Trump said the war with Iran would end soon, and then the U.S. stock market had a deep V-shaped rebound. This is Trump's old TACO trick: apply pressure first, then back down, and the V-shaped K-line is drawn. You should know that at the opening, the Nasdaq had a maximum drop of 1.58%, and finally closed down 1.38%. And looking at today's pre-market performance, it should continue tonight. While the broader market rose, crude oil fell sharply, with Brent crude oil's maximum drop today at 11% and the latest drop at 6%. Yesterday's crude oil was still black gold...

Today was absolutely crazy, the whole day was a blast from start to finish. The median gain of A-shares today was 1.28%, with 4,144 stocks rising and only 1,182 falling. The trading volume in Shanghai and Shenzhen markets today reached 3.46 trillion yuan, a new historical high. The previous record was 3.45 trillion yuan set on October 8, 2024, a day that should be memorable for everyone. Today, my grid strategy triggered three trades, selling $Huatai-PB CSI Photovoltaic Industry ETF(515790.SH), Ou 22 Convertible Bonds, and Pension ETF. An old friend of mine hit the limit-up today, Media ETF...

Today, there were 6 new stocks in the grey market of Hong Kong stocks, and it was very lively. I subscribed to 3 of them and got 2, but the ones I sold didn't perform well. The ones I got were Lin Qingxuan and Woan Robotics, among which $FOREST CABIN(02657.HK) had relatively higher certainty. After the market opened, Woan Robotics' grey market price on a certain platform was much lower than H Li: this H Li's grey market price was higher than that platform, and this one looked off, so I was afraid my grey market price would continue to drop, so I sold it quickly. After selling, it kept rising, and I thought I sold at today's lowest point, but looking back now, it seems the sale was decent. Today's two stocks, Lin Qingxuan made a bit of profit...

On Dolphin Data, there is a very comprehensive set of Hong Kong stock IPO data, which should be the most comprehensive set of Hong Kong stock IPO data currently available, at least solving the pain point of my own scattered Hong Kong stock IPO analysis data. In the past week, the Hong Kong stock IPO data has been significantly enhanced, making the user experience even better, with customizable headers and the ability to set up watchlists. (1) Supports the Hong Kong stock IPO watchlist feature. Click the + sign in front of the new stock to add it to the watchlist: After adding to the watchlist, it looks like this: Click [Watchlist Only]...

Three new stocks were listed again today, and I guess everyone is overwhelmed by the choices. I just spent some time organizing the subscription deadlines and fund release times for these 9 new stocks: If you are using brokers like Fu X, Lao X, Hua X, etc., the red-marked parts allow seamless fund transitions. If you participated in the subscription of the first two red-marked new stocks, after the funds are released, you can participate in the last three red-marked new stocks. Funds used for red-marked new stocks cannot be used for blue-marked ones, and vice versa. There are a few here that I’m planning to skip...

The best news today is that the "never-win-lottery" person, which is me, finally won the lottery for $BAO PHARMA-B(02659.HK). Tomorrow afternoon's grey market, I'll take a bite and then run: JD Industrial has set the issue price at 14.1, with the original price range being 12.7 to 15.5, right in the middle of the range. Now, those who applied and those who didn't are both nervous; those who applied fear getting too many shares, and those who didn't fear missing out on a big rise. I didn't apply, so I'm just watching the show...

$JD INDUSTRIALS(07618.HK) JD Industrial starts subscription today, and the subscription will close next Monday morning. The quantity is huge, with a total of 100,000 lots publicly issued, which is worth attention. Many people believe that stocks with large quantities are not good, and only those with small quantities can make big money. In fact, this is not the case. Stocks like Zijin Gold, Chery Automobile, and Hengrui Medicine$HENGRUI PHARMA(01276.HK) with large quantities have all brought profits to investors. Moreover, the profits from IPO subscriptions, when tallied, ultimately come from these stocks with large quantities. After all, for new stocks with small quantities, you might only get one, even if the single increase is huge...

In the past week, the three new stocks listed were not of high quality themselves, but their final gray market or first-day gains were quite good. $AUNTEA JENNY(02589.HK), was the one with the highest certainty, attracting the most subscription enthusiasm and having a very low winning rate. I didn’t bother much with my accounts for this one, just used one of my regular accounts to apply for 200 lots, but didn’t win. The IPO price was set at HKD 113.120, the gray market opening price was 140 (a 23.76% increase), and the closing price was 183.3 (a 62.04% increase). The first-day opening price was 190.6 (a 68.49% increase)...

Known as the "Stock God of Capitol Hill" by netizens, everyone knows it's Nancy Pelosi; many US stock traders pay attention to her holdings because of her decent returns. First, let's look at why Pelosi discloses her holdings. In 2012, the US passed the STOCK Act (Stop Trading on Congressional Knowledge Act), which requires members of Congress and other government employees to disclose their trades within 45 days. As a Congress member, Pelosi naturally follows the rules...

This afternoon, $SOFT INTL(02569.HK) announced the lottery results. I applied for 20 lots and got 1 lot. The gray market trading will start at 16:15 tomorrow afternoon, and I expect to make some small profits. Let's calculate how much the stock needs to rise tomorrow for you to break even. If you applied through the normal channel, meaning without bank financing, your costs include a 1.0085% lottery fee, as well as the platform fee and commission charged by the broker. The platform fee and commission vary slightly among different brokers. I'll use the broker I applied with this time as an example: commission, platform fee, exchange fee, stamp duty...

When we sometimes need to travel abroad, we need to transfer some HKD or USD to a Hong Kong bank card. Previously, we have introduced how to transfer HKD to a Hong Kong bank card. Now let's see how to transfer USD to a Hong Kong bank card. Here, I am using Bank of China (Mainland) to transfer to Bank of China (Hong Kong). Let's see what the process looks like and whether it is 0 handling fee. 1. Steps for transferring from Bank of China (Mainland) to Bank of China (Hong Kong) 1. Enter the foreign exchange purchase page Open the Bank of China APP and click "Foreign Exchange Purchase": Image 2. Select USD Choose "Purchase Foreign Exchange"...

Friends who invest in Hong Kong stocks and US stocks often encounter such a dilemma: you need HKD to buy Hong Kong stocks and USD to buy US stocks. When buying US stocks, if you don't have enough USD, you need to exchange HKD for USD first. During this currency exchange process, there will be exchange rate loss. For example, the current market exchange rate is 7.7703 HKD to 1 USD. But in actual exchange, you may need 7.78 HKD or even 7.80 HKD to get 1 USD - this is the exchange rate loss. What we need to do...

今天整天的行情都不好，特别港股，跌麻了，牛市多暴跌。跌这么多，按最近几天形成的短期习惯，免不了想去 T 点中概，毫无疑问，今天这种行情被挂在了半山腰：由于今天港股的坑爹行情，热了一周的蜜雪今天暗盘，也比我预期赚的要少。预计肯定有 40%-50% 往上的，只赚了不到 30%： 而且我用富途打的，富途暗盘价格不太行，比辉立要低： 大家长桥打新的价格，比我卖的要好一些，暗盘价格要高一点...

After the market opened today, Hong Kong stocks gradually rose, triggering the last selling price of my H-share ETF. I cleared my position in the H-share ETF today. Since the H-share ETF is now at a negative cost and the upward trend of Hong Kong stocks continues, I kept 10,000 shares as a memento, waiting to sell when the price falls more than 15% from the peak. Today, the China Internet ETF rose in the early session but then retreated. I still took advantage of the trend to do some day trading. Actually, I'm not a short-term trader, but I've tasted some success with day trading on this one, and the daily fluctuations are large, with the overall trend still upward recently...

Last night, U.S. stocks plummeted, and those who are playing the U.S. stock market probably didn't have a good time. Looking at the indices, it seems like the Nasdaq only dropped by 1.24%, which doesn't feel like much. Let's take a look at the declines in individual stocks. Below are some U.S. stocks I follow closely—everyone can get a sense of last night's drop: My current position in U.S. stocks is low, so the drop is just entertainment for me. However, one principle I follow now is not to add to positions too frequently. The price for adding must have a significant gap from the last purchase price, such as an 8%-10% drop from the previous low. Most importantly, control the position size of a single stock—don't let it get too high. For U.S. stocks, I think it's crucial to manage the rhythm well...