[teaserteam]

The move is the latest step to curb risks from the debt-laden sector.  So they said there are risks?

China Tells Local Funds to Stop Buying LGFV Bonds Via HK Link

China has effectively banned domestic investors from buying offshore yuan bonds issued by local government financing vehicles through its trading link with Hong Kong, according to people familiar with the matter, in the latest move to contain risks from the debt-laden sector.

The People’s Bank of China has asked the country’s brokerages and banks to suspend purchases of LGFVs’ so-called dim sum bonds via the Bond Connect, a program that links the mainland and Hong Kong debt markets, said the people, who asked not to be named discussing a private matter. The people didn’t offer further details or say when such buying may resume.

https://www.bloomberg.com/news/articles/...ia-hk-link

[sgbuffett]

The move is the latest step to curb risks from the debt-laden sector.  So they said there are risks?

This is to let overseas bond buyers die ..and for majnlamd chinese institutions not to be jnvokved when the bonds blow up?

[webinarian]

Every few days, change title to up and to down.

Long time ago, I already said, the last pullback is just uptrend but a correction. 


.

[WhatDoYouThink!]

If cannot make money talk so much aso no use

Better got 3 highs or not

[sgbuffett]

I am.not taking any trades.
But my  data shows that the market has completed consolidation and can launch and upward move.

Look for HSi to recapture 20K to confirm a reverse up and break the down trend.

Some stocks have fallen for 6 weeks every week like Alibaba which has fallen to levels before stimulus.

Why this stock fell so continuously is because they were popular and  loaded up during the run up to the peak ...these positions are being unwound as market went down. Once "popular stocks" a sold off it is easier for the market to rise and rally up.

If you ask me i would watch Alibaba closely for thjs reversal.signalling. ..becaue market will will move up faster and more easily when the selling in stocks like Alibaba dries up.

Tencent announced good results the stock dropped instwad of going up because many were waiting for the results to dump the stock it did not really matter how gokd the results were. The stixk can knly start rising after the selljng is dried up.

[p1acebo]

Finally flipping prata

Even thread title change liao

[p1acebo]

Your idol Novice Leong going to lose his panties when he kena margin call on Alibaba.

Next time we will hear his average cost will be $300 

[sgbuffett]

Your idol Novice Leong going to lose his panties when he kena margin call on Alibaba.

Next time we will hear his average cost will be $300 

He is using margin incorrectly.

He does not understand how to manage a margjn position.

[WhatDoYouThink!]

So no bashing of china and xjp for a while

[sgbuffett]

So no bashing of china and xjp for a while

I only evaluate the economic situation in China  based kn the data released by govt, companies and various institutions.

Although i dont think the leadership of Xi is negative for the China economy, he is just one part of the whole sitiation and his future actions/policies may be positive or negatuve. His previous actions to clamp down on tech companies, mismanagement of housing sector and impact of zero covid has long lasting negative effecfs on the China economy.

[WhatDoYouThink!]

He helped lifting millions out of poverty, what hv jobless ermaos contributed?

[pinkpanther]

I only evaluate the economic situation in China  based kn the data released by govt, companies and various institutions.

Although i dont think the leadership of Xi is negative for the China economy, he is just one part of the whole sitiation and his future actions/policies may be positive or negatuve. His previous actions to clamp down on tech companies, mismanagement of housing sector and impact of zero covid has long lasting negative effecfs on the China economy.

Since when you become a evaluator?

[p1acebo]

Since when you become a evaluator?

[webinarian]

I am.not taking any trades.
But my  data shows that the market has completed consolidation and can launch and upward move.
...

           
If you say it is consolidation, then, don't have to change title last month to say wrong policy and asserting China collapse.

.

[revealer]

R they coming out with more stimulus? If not, it is one way down until the candlestick gaps r covered.

[victortan]

Better sell now, gg to lau hong and lau sai liao.

[sgbuffett]

R they coming out with more stimulus?  If not,  it is one way down until the candlestick gaps r covered.

Thanks for sharing your opinion.

Though policies in China poorly timed and often ineffective the market is not a one way street down.

[winbig]

He is using margin incorrectly.

He does not understand how to manage a margjn position.

Why didn't u teach ML how to manage a margin position?

[sgbuffett]

           
If you say it is consolidation, then, don't have to change title last month to say wrong policy and asserting China collapse.

.

What rubbish comes from your mouth. I did not assert China collapse....which is a vague meaningless phrase  .  what collapse? Tofu construction collapse? Bridge collapse?


I said china stimulus seen as insufficient hence market will go down. The market did just that proving the veracity of the statement.

While the stimulus is insufficient to hold the market up at the higher level it has fallen to a much lower level now.

[sgbuffett]

Better sell now, gg to lau hong and lau sai liao.

My view is stay out until uptrend reappears. That's the best strategy for traders.

[sgbuffett]

Why didn't u teach ML how to manage a margin position?

Master Leong never listens to anyone. He learn lessons through his painful experience  and mistakes.

I learn from his mistakes and he teaches me through his mistakes that is why I learnt many things from him.

1. Earlier in the year he said Tesla over valued and Alibaba undervalued.  Alibaba stock price will overtake Tesla. It turned out Tesla is 4x the price of Alibaba now. Mistake is he thinks stock price will match valuation within a year. Stock price can be detached from valuation for very long. So long that some companies that look cheap run into trouble and deserve to be cheap.

2. He spend alot of time saying others don't have experience like him like to buy US stocks which are expensive and avoid Chinese stocks which is cheap. Again the people made money and he lost money.

3. He mixes up long term and short term. After he bough Ping An and Reits they went up shortly after  and he become very happy and feel validated. He used short term movement to validate long term. Reits are back down.

4. Ignores the fact that markets moves in short term are highly technical in nature resuktibg from short term trading esp in HK market. Everyday he try to answer why stock drop and move until he exhausted himself and become stress.

I watch him often to pick up many inconsistent thinking that results in stress as an investor. 
What moves the market daily is different from what moves the market weekly and monthly..and yearly.

His aalkthrough of annuak reporrts are quite useful but you should total ignore any predictions from him

[webinarian]

What rubbish comes from your mouth. I did not assert China collapse....which is a vague meaningless phrase  .  what collapse? Tofu construction collapse? Bridge collapse?
...

              
You assert China collapse in most of your postings, lah.   

Don't deny.   

.

[winbig]

Master Leong never listens to anyone. He learn lessons through his painful experience  and mistakes.

I learn from his mistakes and he teaches me through his mistakes that is why I learnt many things from him.

1. Earlier in the year he said Tesla over valued and Alibaba undervalued.  Alibaba stock price will overtake Tesla. It turned out Tesla is 4x the price of Alibaba now. Mistake is he thinks stock price will match valuation within a year. Stock price can be detached from valuation for very long. So long that some companies that look cheap run into trouble and deserve to be cheap.

2. He spend alot of time saying others don't have experience like him like to buy US stocks which are expensive and avoid Chinese stocks which is cheap. Again the people made money and he lost money.

3. He mixes up long term and short term. After he bough Ping An and Reits they went up shortly after  and he become very happy and feel validated. He used short term movement to validate long term. Reits are back down.

4. Ignores the fact that markets moves in short term are highly technical in nature resuktibg from short term trading esp in HK market. Everyday he try to answer why stock drop and move until he exhausted himself and become stress.

I watch him often to pick up many inconsistent thinking that results in stress as an investors. 
What moves the market daily is different from what moves the market weekly and monthly..and yearly.

So u r saying that after watching ML u learnt how to flip prata from him and eventually became the flip prata king of sgtalk?

[sgbuffett]

So u r saying that after watching ML u learnt how to flip prata from him and eventually became the flip prata king of sgtalk?

....my view changes when situation and circumstance changes.


For many people they keep the same view no matter what new facts emerge.

[teaserteam]

The traders in  HSI are more pessimistic.  HSI fell more than SSEC when there was no more stimulus news from China.  Looks like traders in SSEC are still looking for more stimulus announcement. It will fall to match HSI if there is no more stimulus news.




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[WhatDoYouThink!]

Aiya 有的没的 说来说去 到底有没有赚到钱？

[sgbuffett]

The traders in  HSI are more pessimistic.  HSI fell more than SSEC when there was no more stimulus news from China.  Looks like traders in SSEC are still looking for more stimulus announcement.  It will fall to match HSI if there is no more stimulus news.




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This is what I see... just to summarise.

While the HSI is sideways for one whole week from last wednesday until my system  detects accumilation likely by long term jnvestors.

Look closely you will see higher and higher bottoms.

HSI is likely to move up may have sharp up move due to the "stored energy" during consolidation 

[revealer]

Oversold but Bo list. No clear sign of rebounding. Likely to go down

[sgbuffett]

I expect HSI to maje an attempt to reach 20K today or tomorrow....no reason or external factors needed it can all be seen in trading data. Positions have been build during consolidation and this has soaked up the weak holders.

I have taken a long position.