TSLA
Tesla
-- 421.060 PLTR
Palantir
-- 80.550 NVDA
NVIDIA
-- 134.700 OXY
Occidental Petroleum
-- 47.130 AMD
Advanced Micro Devices
-- 119.210 
You know what I find amazing about this move in CN equities?
We’re looking at a 7-day holiday next week for China and holiday in HK on 10/1. Despite this, CN ADRs are powering higher - many are now higher than their HK counterparts - indicating lack of short-selling pressure and few interested in taking profits. Beijing is instilling confidence in the market the likes of which I haven’t seen in years. More stimulus seems to be coming down the road. A lot of people got burned really bad and are now hesitant to reestablish short positions in what’s turning out to be the most epic rally in equities seen in decades.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Parp : who's the girl in the pfp
MJ23 The Bull : China mainland listed companies were given instructions not to sell and to do utmost to keep their stock prices from falling. Look at fundamentals. If unemployment, gdp, FDI, etc are showing improvements then the stock market rally has tail wind. So which is it?