Ermmmmm
OP
:
What I am saying is imagine the authority starts to implement some rules or laws we can probably see more heavy plunge. Now it is just some newspapers comments only but the harm is already serious
Rusticx
:
I guess the fear is real since CCP seems to focus on what they think is good for society. further tightening is probable but I'm still bullish
Sunnyue
Ermmmmm
OP
:
Rumors in the stock market are more lethal than actual regulations. Once the regulations are implemented, the fear is basically released; on the contrary, the stock market will rise. This is why Alibaba was fined at a sky-high price, but the stock price went up
divinepapa
Rusticx
:
Highest purchase was 599.50, 509 though was a good but for average down. 2 days ago manage at 431. Missed the 469. Here back to square one.
Rusticx : https://www.scmp.com/tech/policy/article/3143886/chinas-crackdown-gaming-state-newspaper-calls-higher-taxes-also
Ermmmmm OP : I see. The authority hasn’t done anything yet but just some comments can do this harm easily
yirmeyahu : This is bad news! ;)
divinepapa : That was 2 days ago, thats why dropped from 490 to 42+ before rebounced.
Rusticx : yea, just ranting from newspaper. I got in at 429 2days ago, otherwise will have bought more now
Ermmmmm OP : What I am saying is imagine the authority starts to implement some rules or laws we can probably see more heavy plunge. Now it is just some newspapers comments only but the harm is already serious
Rusticx : I guess the fear is real since CCP seems to focus on what they think is good for society. further tightening is probable but I'm still bullish
Sunnyue Ermmmmm OP : Rumors in the stock market are more lethal than actual regulations. Once the regulations are implemented, the fear is basically released; on the contrary, the stock market will rise. This is why Alibaba was fined at a sky-high price, but the stock price went up
divinepapa Ermmmmm OP : Agree
divinepapa Rusticx : Highest purchase was 599.50, 509 though was a good but for average down. 2 days ago manage at 431. Missed the 469. Here back to square one.
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