$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ Any...
Anyone know what this meeting is about? I saw someone’s comment about the government trying to correct some misunderstandings of the policy at the meeting. Is it a sign of concern? 😨
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MrM : This meeting is just one of the many meetings that will come. It is just to introduce some policies and put it into action. Don’t listen to fear mongering rumors because they are trying to get people to sell and buy at lower price. Tomorrow Chinese investors will be back and they will all rush to buy, should see a few circuit breaker in Chinese stock market I guess. Good luck
tuanle07 OP MrM : I hope you are right. I might wait till after the meeting tmr to see how market reacts to it. Might miss out on 10% gain but will save me the heart attack too. Haha.
MrM tuanle07 OP : Haha no one knows. Bull is still strong and up trending. If they announce something more than expected, 20% rise is not unexpected especially with the Chinese back and millions of new investor trying to get in. You do you.
MrM tuanle07 OP : If I were you, I would put a small position in it instead of totally be out of the game so that you won’t miss out the huge rally if it happens.
tuanle07 OP MrM : Yeah I might load 50% of my stake by tmr and buy the inverse ETF for hedging too.
MrM tuanle07 OP : Good luck!