$CHINA LIT(00772.HK) This kind of slow-moving bull market is really draining. It's always exciting to see news about IP globalization, but the stock price remains stagnant. Holding it isn't exactly losing money, but not many are making a profit either. It's just become a habit to hold, waiting for a sudden bounce someday.

The property sector today is really hard to describe. Shanghai's new policy came out, causing a short-term hype, but $CHINA VANKE(02202.HK), $LONGFOR GROUP(00960.HK) opened low and went lower. Only $COUNTRY GARDEN(02007.HK) showed some face. It feels like short-term speculative money is moving too fast; fundamental issues can't be solved just because a new policy arrives.

There's basically no sense of security in holding positions. Daring not to bottom-fish and unable to bring oneself to cut losses, it's just internal attrition. The A-share property sector is quite lively, but for Hong Kong stocks, we still have to wait for confidence to truly return.