21 Dec 2021: Lenovo jumps 5% midday in Hong Kong trading.. Same did Xiaomi today

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Did the value investors come in to buy the dip for companies like Xiaomi? Xiaomi at one point this morning hit 17.5 HKD, which is only 0.5 HKD above its IPO price of 17 HKD. I just recalled the recent live event hosted by Lei Jun, Xiaomi's cofounder, who said that he aimed to have Xiaomi investors to earn at least 100% based on their IPO price. That was being mentioned on 2Q2021 EARNING CONFERENCE, but since then Xiaomi's price has fallen for close to 4 months from 28.6 HKD all the way to a low of 17.5 HKD this morning.

So what was the reason for the rise today? Lenovo too also had a remarkable jump of around 5%... No specific reason or intentional efforts by me to search for the reason for the rise today.. It could be a normal rebound after a sharp fall by Xiaomi and Lenovo yesterday.

Or did the Chinese authorities finally see through the intention of the shortsellers and come in to support their tech stocks (aka hard tech companies here) to at least bring back some confidence? This I wouldnt know exactly but to me, shortselling Xiaomi today is going against a strong train today... at least this is for the day today..

Also, I would have to mention that people have to stop attaching the 8 HKD price tag that Xiaomi had gotten during the COVID march 2020 time date... Why? Xiaomi has gained further strength since then and is a much bigger company within these 2 years timeframe...

While I certainly do not know where is the bottom, trying to aim a bottom price to make purchase would not be a good strategy for me.. I as usual have bought in small volume whenever the price turns even more attractive.. Will Omicron kill consumption? It may damp interest for consuming for maybe awhile but it cannot damp thirst for spending in the long run.