林正盈

Remember the "tech stock massacre" in 2022? Meta was mocked as a "joke on the ruins of the metaverse," with its stock price plummeting from $380 to $88, wiping out over $700 billion in market value. Investors fled, the media was pessimistic, and even employees began to question their lives. Yet, just two years later, Meta has unexpectedly become a new favorite in the AI race, often discussed alongside NVIDIA by many analysts. The question arises: Is Meta's "AI pivot" a genuine evolution of its business model...

When it comes to AI concept stocks, the first names that come to mind are probably top players like NVIDIA, Microsoft, and Google. But what if I told you there's a low-profile company in the semiconductor industry that has quietly entered the "trillion-dollar club"—would you be interested? This company doesn't hype concepts, doesn't make grand promises, and rarely appears in trending searches, yet it achieved $51.6 billion in revenue in 2024, with AI-related business surging by 220%. It is not only a core supplier to Apple but also the indispensable "highway builder" for AI data centers...

Do you ever feel this way—you've learned a lot about technical analysis, but always end up "buying high and selling low"? You might have memorized candlestick patterns, moving averages, and MACD inside out, yet your account is still in the red. Don't worry, maybe you should take a look at "Chan Theory." Chan Theory isn't some mysterious metaphysics, nor is it a secret formula that will make you rich overnight. On the contrary, it's an extremely systematic framework for understanding the market. Truly grasping Chan Theory can help you break free from the retail investor's cycle of "chasing rallies and selling in panic" and return to the fundamental logic of the market—trends, structure, and capital behavior. Today's article...

Last week, the news of the official passage of the "Big and Beautiful Act" was widely known. Many online voices claim this is a significant positive for U.S. stocks, with some even declaring—U.S. stocks are about to take off? But what I want to say is: In fact, from the moment this act was first proposed, U.S. stocks had already surged significantly. So, the key question now isn’t "Is this is a positive?" but rather: Is this rally still ongoing, or has it already peaked? Today’s post shares my thoughts on this...

Hello everyone, a few days ago I wrote two articles about options knowledge, and some friends are still confused. I believe this question is also a soul-searching one for many investors: "Why do I lose money on options whether the market goes up or down?" Losing when it rises, losing when it falls, and even worse when it's flat—many people try options for the first time, excitedly bet on the right direction, only to find themselves still losing money as expiration approaches, sometimes even losing everything. You're not alone; most options beginners go through this stage. The problem isn't you—it's that you might have only gotten the 'direction' right...

The market has been flooded with an overwhelming amount of information these past two days—reading the news feels like watching a drama: tariffs, U.S. stocks, and cryptocurrencies, all three major themes are unfolding simultaneously, making the market rhythm unusually delicate. Since the situation is so lively, let’s break it down one by one, analyzing and figuring out—how to navigate this storm without looking too disheveled. First, the tariff front. On July 9, the U.S. 'reciprocal tariff' grace period expires, and the Sino-U.S. tariff adjustments have been postponed to August. This kind of node-based game is not just news; it’s an atmosphere. Look, Trump just finalized a new trade deal with Vietnam...

Many friends who are new to options may think that "implied volatility (IV) = 35%" or "50%" is just a reference number, and it looks quite intuitive. But if you treat it as a fixed parameter, you are likely to stumble in actual trading. I want to remind you: IV is not just a simple number, but a map of market sentiment. Behind this map lies the market's expectations for the future, pricing of risks, and even the fear and greed of the market. Why does IV vary? Many people's first reaction is: the same underlying asset...

Here's my take: It's just market sentiment, and today is the perfect opportunity to buy the dip. The latest episode of the 'love-hate' drama between Elon Musk and Trump has unfolded again. This time, Musk didn't hold back, directly blasting the 'Big and Beautiful' bill on social platform, calling it 'crazy money-burning' and 'destroying the future.' Trump, in turn, didn't mince words, countering that Musk would have gone back to South Africa to be a boss long ago without government subsidies, even sarcastically suggesting that authorities investigate Tesla's subsidy sources. Musk immediately responded: 'Cut all subsidies...'

Over the past week, everyone should have noticed the trend of $NVIDIA(NVDA.US)—it's been incredibly strong. On June 27, the closing price surged to $157.75, with the total market cap exceeding $3.8 trillion, briefly making it the world's most valuable company. This momentum easily makes people 'fall in love' with the stock, feeling like they'll miss out if they don't buy. I believe even now, some are still asking: Is it still a good time to enter? Regarding this age-old topic...

In the past two weeks regarding IPO subscriptions in Hong Kong stocks, I shared about Haitian Flavouring and Yunzhisheng, maintaining a pace of sharing one company per week. Thinking that this week is almost over, I'll stick to this pace and share the company I want to talk about today on the last working day—$Anjoy Food(02648.HK). Here’s my view first: Be cautious when subscribing, don’t be too impulsive. Before analyzing the reasons with everyone, let’s first understand this company: Anjoy Foods was founded in 2001 and initially made its name with frozen hotpot ingredients like fish balls, crab sticks, and beef balls...

Recently, stablecoins have been quite popular, and their performance has indeed been impressive. I even saw some people regard them as the prototype of "future currency." But just when everyone thought their future was bright, the Bank for International Settlements (BIS) suddenly poured cold water on the idea—in the special chapter "The Next Generation of Money and the Financial System" of its latest annual report, it clearly stated that stablecoins are not the pillar of the future monetary and financial system. To be honest, this view is completely contrary to market sentiment. BIS's point is simple: it acknowledges that tokenization technology is indeed useful, but what can truly support the financial system is...

Recently, if you hail a $Uber Tech(UBER.US) in Atlanta, USA, you might encounter a taxi with "no one" inside—it has neither a driver nor a safety officer, truly fully autonomous. This is not science fiction but Waymo's officially launched Robotaxi service through Uber. In fact, Waymo and Uber had already piloted this in Austin, Texas, back in March. Now that it's also available in Atlanta, it shows they're not just testing the waters but are serious about scaling this up. The news broke that day...

On June 23, $Tesla(TSLA.US) finally officially launched Robotaxi. This news has sparked a lot of discussion in the market—after all, Musk has been hyping Robotaxi for years, and now it's finally 'on the road.' But the question arises: With such a major positive development, how will Tesla's stock price react? Can it still go up tonight? Here's my take: I expect Tesla's stock price to rise slightly tonight, but after the initial surge, it's likely to pull back. Be extra careful with the timing of your trades...

Last time I shared with you about the IPO subscription in Hong Kong was $HAITIAN FLAV(03288.HK), recently $ZHOU LIU FU(06168.HK), $SAINT BELLA GP(02508.HK), I believe everyone has already learned enough about those companies in the market, so here I’d like to share a new face that starts its IPO subscription today—$Yunzhisheng(09678)$. After reading its prospectus, well, it’s not the kind of company that makes you want to go all-in at first glance. The business direction is good, but it’s too early stage, monetization is slow, and the valuation isn’t cheap. My personal attitude is neutral to conservative...

Recently, the US stock market has been dominated by an old acquaintance—stablecoins. Usually unnoticed, they have now become the darling of capital. On June 18, stablecoin concept stocks collectively soared, with $Circle(CRCL.US) surging nearly 34% in one go. I believe many friends are now curious: How much investment value do stablecoins really have? Is this wave of market activity short-term speculation or a long-term opportunity? Today, I will share my judgment on stablecoins from three aspects: what they are, why they are rising, and what to invest in for the future. What are stablecoins? If you have traded cryptocurrencies...

The trend in the AI sector has clearly shifted recently, moving from 'technical explanations' to 'practical implementation.' Previously, the focus was on who had the most advanced models or the strongest computing power. Now, the emphasis is on who can integrate AI into real-world applications and achieve a commercial closed-loop. For investors, this is a significant turning point. My view is that the real benefits of AI may not come from companies with the most advanced models or the strongest chips, but from those who can effectively utilize AI and generate profits. This is the direction we should focus on for stock selection in the next phase. First, let's talk about the defense sector...

1. Event Recap: Middle East Tensions Flare Up Again, Oil Prices Surge 14% in a Single Day. In the early hours of June 12, Israel suddenly launched an airstrike on Iran, targeting nuclear facilities and military leadership, resulting in casualties including several high-ranking Iranian generals and nuclear scientists, which abruptly escalated tensions in the Middle East. This incident triggered a strong reaction in global energy markets, with Brent crude oil futures soaring 14% intraday, marking the largest single-day gain in nearly three years, pushing prices above $75 per barrel. The rapid rise in oil prices has reignited inflation expectations and added uncertainty to the Federal Reserve's future policy path. 2. Oil Price Surge...

Beyond stocks, funds, and bonds, there is a flexible and powerful investment tool gradually entering the vision of ordinary investors—options. Many people find it a bit complicated when they first encounter it, but the underlying logic is actually very simple: you pay for the right to choose. As long as you understand this sentence, you have taken the first step into the world of options. 1. What are options? Options are a type of financial derivative that gives the holder the right to buy or sell an underlying asset (such as stocks, indices, commodities) at a predetermined price on or before a certain future date. Please note...

In 2025, the Hong Kong IPO market welcomes another heavyweight player—$HAITIAN FLAV(03288.HK). This household name in the condiment industry has officially submitted its listing application to the Hong Kong Stock Exchange at the beginning of the year and recently passed the hearing, initiating the H-share offering process. As one of the highest market-cap food companies in the A-share consumer sector, Haitian's "southbound" listing is a natural progression. So the question arises: Is Haitian Flavouring and Food Company worth subscribing to? My answer is a definite yes. Whether from the perspective of fundamentals, industry position, or valuation, Haitian's Hong Kong IPO offers high subscription value...

In the cryptocurrency market, significant price fluctuations are commonplace. For mainstream coins like Bitcoin and Ethereum, intraday price swings of over 10% are not uncommon. In such a market environment, stablecoins are rapidly becoming a safe haven for an increasing number of investors amidst the storm—they not only provide a stable medium of exchange but may also reshape global payment and financial infrastructure. So, what exactly are stablecoins? How do they maintain stability? And how should beginners use them correctly? This article will provide a comprehensive explanation...

Under the continuous heat of AI and technology stocks, the US stock market has rebounded strongly, but Tesla has fallen against the trend. In early June, its stock price once plummeted by more than 14%, with a single-day market value evaporation of nearly $150 billion, shocking the market. From delivery data falling short of expectations, doubts about the Robotaxi prospects, to the direct conflict between Musk and Trump, a series of negative news has led the outside world to ponder: Is the growth story of $Tesla(TSLA.US) facing a real bottleneck? 1. Rising policy risks: Musk and Trump part ways. Musk recently clearly opposed Trump's proposed 'Big and Beautiful' tax cut plan...