[sgbuffett]

Look at these china tech stocks. Up 6 % today. Yesterday they were down 7%.

To say it iss a crazy volatile would be an understatement ..



Are all these moves linked to any catastrophe or impending doom?

Yesterday Chinese stocks plunged because at the ccp congress one leader vaguely mentioned that there is a need to regulate 'illegal income and excessive income" Since Internet firms are big income earners the stocks plunged 5-7% after the speech...there are so many ways to interpret what the speech means . .maybe to have more anti trust laws or anti monopoly laws which are not uncommon elsewhere in the world. The official may be talking about income gap or inequality. But traders took the excuse to sell and now the stocks surge up one day later.

Reminds me of the bottom of the 1998 asian financial crsis when the markets were so bearish after such a long period of selling any words spoken by any leader the market didn't like will cause a big plunge. because the stocks were already so cheap in 1998 the next day the stock will bounce up sharply.

Eventually the back and forth game and the stock prices surge up due to govt rescue and the stock never comes back down again.

[sgbuffett]

From 11 Oct until now....8 moves of 5% or more.

[Zannn]

Look at these china tech stocks. Up 6 % today. Yesterday they were down 7%.

To say it iss a crazy volatile would be an understatement ..



Are all these moves linked to any catastrophe or impending doom?

Yesterday Chinese stocks plunged because at the ccp congress one leader vaguely mentioned that there is a need to regulate 'illegal income and excessive income" Since Internet firms are big income earners the stocks plunged 5-7% after the speech...there are so many ways to interpret what the speech means . .maybe to have more anti trust laws or anti monopoly laws which are not uncommon elsewhere in the world. The official may be talking about income gap or inequality. But traders took the excuse to sell and now the stocks surge up one day later.

Reminds me of the bottom of the 1998 asian financial crsis when the markets were so bearish after such a long period of selling any words spoken by any leader the market didn't like will cause a big plunge. because the stocks were already so cheap in 1998 the next day the stock will bounce up sharply.

Eventually the back and forth game and the stock prices surge up due to govt rescue and the stock never comes back down again.

16k is the actual bottom, hit today.

[forum456]

Eventually the back and forth game and the stock prices surge up due to govt rescue and the stock never comes back down again.

you are genius !