[WhatDoYouThink!]

Yesterday was wrong today will be right? But what does it matter when wrong or right aso no gain or loss of money?

[sgbuffett]

Plunging fast...pro traders will short ...

[teaserteam]

A dead cat bounce is forming up..unless it can clear 17,100

HSI and Shanghai have started to descend.  Looks like HSI going to test 16,000

[teaserteam]

This must be what pulling the China and HK stock market down

[sgbuffett]

This must be what pulling the China and HK stock market down

I am not so worried about such losses because they are likely one time write of of property sector bonds that we can expect life insurance companies go be holding.

The worrrying thing is the China economy sliding down.....

[teaserteam]

I am not so worried about such losses because they are likely one time write of of property sector bonds that we can expect life insurance companies go be holding.

The worrrying thing is the China economy sliding down.....

If largest insurance company is facing a financial downturn,  can imagine the business is not too good.  Profit has consistently been down for several quarters.  Not one off. Higher profit expected in 1Q24 but it was just reported to be down even lower.

Operating profit, which excludes one-off items and valuation changes in its investment portfolio, stood at 117.98 billion yuan, or 6.66 yuan per share, down 20 per cent from a year earlier. The operating profit is also Ping An’s lowest in five years.

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.scmp.com/business/china-business/article/3256261/chinese-insurance-giant-ping-ans-profit-falls-5-year-low-amid-weakness-asset-management-tech&ved=2ahUKEwiK5ZnuuZSFAxXz2DgGHVbKAjQQFnoECBIQAQ&usg=AOvVaw1wn1DfCrhm5F6mTNoILBD1

[pinkpanther]

I am not so worried about such losses because they are likely one time write of of property sector bonds that we can expect life insurance companies go be holding.

The worrrying thing is the China economy sliding down.....

Hello...you katek leh, you worry what..the more they slide the fatter your wallet.

[Omnipresent88]

Hello...you katek leh, you worry what..the more they slide the fatter your wallet.

[sgbuffett]

Another attempt to rally. Likely yo fail again. I am shorting at this level.

[sgbuffett]

Sinking fast as selling pressure builds. Congrats to all who shorted earlier.

[Zannn]

Sinking fast as selling pressure builds. Congrats to all who shorted earlier.

Congrats bro u r the greatest assurance! Cheong arrr

[pinkpanther]

I have to salute the man, even he gets it wrong most of the time, he still has the courage to keep posting....where does he gets the courage from? 

[WhatDoYouThink!]

How, cut or hold?

[Sentinel]

Sinking fast as selling pressure builds. Congrats to all who shorted earlier.

It's a gigantic bullflag, you freaking moron  Are you blind?

[teaserteam]

China’s big banks post scant profit gains as margins shrink

Net income at ICBC rose 0.02 per cent to 90.2 billion yuan (US$13 billion) from the year-earlier period, according to an exchange filing on Friday (Apr 28). China Construction Bank posted a 0.3 per cent gain, Bank of China a 0.5 per cent increase and Agricultural Bank of China a 1.75 per cent gain, according to separate filings. Profit at Bank of Communications (Bocom) rose 5.6 per cent.

https://www.businesstimes.com.sg/compani...ins-shrink

[teaserteam]

Bad loans from properties are catching up..

China property crisis rippling through its biggest banks

Bank of Communications (Bocom) reported on March 27 that its property bad loan ratio jumped to 4.99 per cent at the end of 2023, from 2.8 per cent a year earlier. While the balance of its overdue mortgages slipped, the special mention loans for the segment – a leading indicator of soured loans – jumped 23 per cent to 9.88 billion yuan (S$1.87 billion).

Its bigger rival, Industrial and Commercial Bank of China (ICBC), saw its bad loans from residential mortgages rise 9.6 per cent to 27.8 billion yuan, according to a filing on March 27. In the corporate loan segment, its property non-performing loan ratio was the highest among all sectors.

https://www.straitstimes.com/business/ch...gest-banks

[sgbuffett]

Bad loans from properties are catching up..

Looks like propeprty sector problems spread to banks already. Those who keep buying are asking for trouble.

[sgbuffett]

I have to salute the man, even he gets it wrong most of the time, he still has the courage to keep posting....where does he gets the courage from? 

Since j started this thread people have been saying j keep getting it wrong by shorting the market as it goes down.

How is it the HSI was 20K and now 16.5K?

I only make short trades as the long term trend is down

Yes occasionally does move against me but eventually end up lower than where i shorted.

I think people have selective amnesia...last week HSI was 16750 now it is still lower despite temporary 1 day gains.

[pinkpanther]

Since j started this thread people have been saying j keep getting it wrong by shorting the market as it goes down.

How is it the HSI was 20K and now 16.5K?

I only make short trades as the long term trend is down

Yes occasionally does move against me but eventually end up lower than where i shorted.

I think people have selective amnesia...last week HSI was 16750 now it is still low despite temporary 1 day gains.

The chart from morning to lunch was 1 way traffic...how do you get out unscathed?
Many will get burnt if they waited too long...do you agreed?
If you managed to make some money from the morning trades, then congrats to you but this a dangerous game...no professional traders would take that risk.

How short is your shorts trades? Covered within the day?

[WhatDoYouThink!]

Another day of failed prediction

[sgbuffett]

The chart from morning to lunch was 1 way traffic...how do you get out unscathed?
Many will get burnt if they waited too long...do you agreed?

I am trading the longer term down trend ....day to day I try to select certain entry points....but I hold these positions ...when  HSI goes lower the CFD allows me to short more.

[sgbuffett]

Anyway people are always fixated on certain bias views. For example, people here insists chjna and hong kong economy is strong ....but even the china and HK govt acknowledge there are problems....and why do you think they do so much stimulus if economybis already strong. ...it's a contradiction!!!

People say I lose money shorting....but HSI fell from 20K to 16.5K obviously there has been more downward movement than upside.

[pinkpanther]

Sinking fast as selling pressure builds. Congrats to all who shorted earlier.

Which part am I missing out? It did not sink but it goes upwards..do you agreed? 
If you want to make a statement, make it as clear as possible.
We also want to know your short position


Don back it up later and say you short term trade or what..

[pinkpanther]

I am trading the longer term down trend ....day to day I try to select certain entry points....but I hold these positions ...when  HSI goes lower the CFD allows me to short more.

So are you still holding on? May I know at which level did you short?

[pinkpanther]

Sinking fast as selling pressure builds. Congrats to all who shorted earlier.

If they have shorted and covered, you congrats them and this will make sense...but if they leave their position open like you...then your statement is rather contradicting...tiok boh ah butt

[teaserteam]

HSI has lost a key support level. It is unlikely that it could recover so soon unless it can clear 16,800. With US markets not performing that well last night and not-so-good earning reports from Ping An and the banking sectors, likely to see HSI and Shanghai doing their corrections about yesterday's gain.

[pinkpanther]

typical lj talk from a moron and liar

this despicable liar congratulated himself in the morning after he posted his short HSI call

what this arsehole is saying now is that he trades HSI with no stops and hold his positions overnight

there is nothing to learn from this idiot, his posts are for his self gratification

like masterbating openly in this forum for all to see

That is true, why would you congratulate others when you yourself left your position open? It does not make any sense.

[WhatDoYouThink!]

自欺欺人 but most forumers here are adults, so 欺人 not so possible, left only with 自欺

[sgbuffett]

If largest insurance company is facing a financial downturn,  can imagine the business is not too good.  Profit has consistently been down for several quarters.  Not one off.  Higher profit expected in 1Q24 but it was just reported to be down even lower.

You have made a good point things are going badly for China and it is widespread.

[WhatDoYouThink!]

Don't you hv to pay for the high interest for keeping your short positions open? In addition to the huge losses? 🤯