10.10 Hong Kong and US stock market review

Let's talk about the stocks that have been frequently asked about recently

$GEEKPLUS-W(02590.HK) : This is a stock I've been bullish on since before its IPO. During the IPO, I went all in. First, there were two strong investors in the cornerstone round—one was IDG (the fund manager was Wang Shicong, the 港股战神 from Southern Fund), and the other was an institution under Prudential Insurance. You can look up their track records. Geekplus is the leader in domestic warehouse robotics, comparable to the US stock $Symbotic(SYM.US).

Geekplus will likely need some consolidation before stabilizing. There's too much floating profit right now. I've bought this stock and won't look at it for the next six months to a year. I'll add to my position if there's a good opportunity.

$ZIJIN GOLD INTL(02259.HK) : I also got allocated shares during its IPO, but due to capital allocation reasons, I took profits in the grey market and didn't add to my position. Gold has been correcting these past few days, and Zijin has risen too much post-IPO. This is a normal correction. The risk-reward ratio isn't great for entering now.

On the HK side, $INNOSCIENCE(02577.HK) (if it stabilizes in the next few days), $HORIZONROBOT-W(09660.HK), Geekplus, and $INNOVENT BIO(01801.HK) are all worth watching.


$NVIDIA(NVDA.US) Yesterday, I said it would open higher and likely trade sideways afterward. Despite strong profit-taking sentiment, it still managed to rise against the trend and hit new highs. The market is now pricing in that order from the Middle East. It will likely hit new highs again, so get in if you see an opportunity. No need to watch it closely in the short term—just hold.

$NASDAQ Composite Index(.IXIC.US) $HSTECH ETF(03032.HK) $Tesla(TSLA.US)