![](https://i.imgur.com/CLvY2jA.png")
19-05-2022, 11:59 AM
Tencent fell 6%. Due to mini collapse of US markets the HS Tech Index fell 3%.
It means the disappointing earnings resulted in additional 3% fall.
If you have been watching the show on Nasdaq each time a company miss by even a bit the stock can sink 10-20% easily. Netflix collapsed after it's earnings..
My interpretation is the HS Tech fell for 16 months straight down by 60%. Investors expect poor earnings. Limiting the downside when bad earnings are announced.
Such a phenomenon usually happen at the end of a bear market downturn.
We should be somewhere.near bottom for China Techor bottom already formed However the recovery may be a long drawn process that drags on for many months.
Be patient this will take some time.
![[Image: pb1B0U6.jpg]](https://i.imgur.com/pb1B0U6.jpg)
It means the disappointing earnings resulted in additional 3% fall.
If you have been watching the show on Nasdaq each time a company miss by even a bit the stock can sink 10-20% easily. Netflix collapsed after it's earnings..
My interpretation is the HS Tech fell for 16 months straight down by 60%. Investors expect poor earnings. Limiting the downside when bad earnings are announced.
Such a phenomenon usually happen at the end of a bear market downturn.
We should be somewhere.near bottom for China Techor bottom already formed However the recovery may be a long drawn process that drags on for many months.
Be patient this will take some time.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
