Big news out of China last night, with government commitments to ensure price stability of their markets aka rig them higher. The Hang Seng soared 9% and tech stocks went limit up 20%. Over here the gains are more perverse, with monster rallies in stocks like DUO, PDD, BEKE and BILI to the tune of +20 to +60%.
I had bought YINN (3x china) yesterday when it was down 9% because Stocklabs had finally flagged oversold.
https://twitter.com/sofiahcbbg/status/1503969985726541825?s=21
Don’t worry, I sold YINN before the close yesterday, in order to limit my gains today and not make all of you feel jealous. Big rally continuation happening based off Russian peace deal, which isn’t going to happen.
If you enjoy the content at iBankCoin, please follow us on Twitter
Did Paulson and Bernanke move to China?