Buying the China pullback
As i write now, $Hang Seng Index (800000.HK)$ has undergone a significant pullback today whilst US listed China related stocks look poised for a correction tonight.
Whilst market pundits continue to question the efficacy of the Govt stimulus measures, one thing remains certain, that is most market participants remain underexposed to China. Institutional fund managers have been and are still underweighted China in their portfolios whilst retail investors have largely missed out on the recent rally. Hence there is a huge wall of money waiting on the sidelines looking to deploy and buy on dips.
My instrument of choice for buying the pullback is still $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ It takes the hassle out of deciding which stock to buy whilst the leverage embedded in the instrument provides a nice equity-like return. Will be loading up at the 38 level.
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Old school fundamental investor with a knack for identifying stock price catalysts and capitalising on short term trades
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AssetEagle : Yesterday, I was YANG. Today, I am switching back to YINN![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Hanboy73 OP AssetEagle : Well done! You timed it perfectly, I know of many people who got burned by YANG this couple of weeks.
152260279 AssetEagle : 我艹哥以后我跟你混
ElonNB 152260279 : Seeking to be brought along.
Analyst 五代雄介 : Another ETF to watch is $Roundhill China Dragons ETF (DRAG.US)$
loozoo : why not CHAU which has 300 A shares?
Hanboy73 OP loozoo : YINN more concentrated, only 50 names and also 3x leverage compared to 2x for CHAU. Hence higher octane vehicle if the market direction is in your favour.
迷茫小散 Hanboy73 OP : 我被yang搞死了，3块6入，3块加重仓。还好今天回来了。港股太凶了。
Hanboy73 OP 迷茫小散 : I should be able to take back my money by flying back tonight.