Not selling well

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, got 2, and 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 a bit 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's, but this one looked off, and 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. Looking back now, it seems the sale was decent.

Today, I made a bit on Lin Qingxuan and lost a bit on Woan Robotics, so the gains just covered the losses—played for nothing, and selling was a matter of luck.

Recently, Hong Kong IPO subscriptions have been a bit unpredictable, often with dark horses. The last batch's Nobicam surged 299% on the first day, and today's May Day Vision rose about 30%. Both were easy to get, but I didn't dare to subscribe, as I expected a higher chance of a drop.

No choice, that's how Hong Kong IPO subscriptions are now—not very friendly to me.

The subscription for $BIREN TECH(06082.HK) ended today, another hot stock. It's said that the number of subscribers reached 476,000, while the most popular IPO this year had only 386,000 subscribers—90,000 more.

I also participated in this one, and the results will be announced tomorrow afternoon. Since the day after tomorrow is the 31st, the last day before New Year's, the Hong Kong stock market will close in the afternoon. So, the grey market time for the day after tomorrow is special, starting at 14:15.

Back to A-shares, today the median gain of A-shares was -0.48%, with 1,995 rising and 3,332 falling. What's worth mentioning is that the Shanghai Composite Index rose slightly by 0.04% today, marking 9 consecutive days of gains:

Today, a sell grid was triggered, and I cleared the Robotics ETF.

What everyone is most concerned about is probably silver arbitrage. Starting today, the Silver LOF is back to allowing only 100 yuan in subscriptions per day. For arbitrage, if you can subscribe on the exchange, it's definitely better to do so, and I participated today.

$UBS SDIC Silver Futures Fund (LOF)-A(161226.SZ) subscription amount is based on ID. The same ID can only subscribe for 100 yuan, whether it's on-exchange or off-exchange, so we definitely chose on-exchange.

Newcomers might accidentally subscribe off-exchange, and after the off-exchange shares are credited, they still need to be transferred to on-exchange before they can be sold, which takes an extra day or two. The on-exchange subscription method for a certain securities app can be referred to in the image below—it's quite simple:

Besides the highly volatile Silver LOF arbitrage, today there were also Harvest Gold LOF and Gold Theme LOF that could use the "tractor" method to earn a bit daily—these two are more standard arbitrage, while Silver LOF is a rare, wild arbitrage.

Recently, there are probably many newcomers participating. I suggest everyone understand the basic rules of arbitrage before diving in—it'll make participation more solid: