Habe soeben auf etoro folgenden Kommentar zu den seit dem 9.11.heftig gefallenen Kursen von Tech-Aktien gelesen und stimme diesem Kommentar voll zu: Auch Xiaomi ist eine starke Firma, mit erheblicher Substanz und weiterhin erstklassigen Aussichten. Die Welt wird sich weiterdrehen und Technologie ist weiterhin gefragt!
Quote Let's start with Asia, as I usually do! The Hang Seng Index closed down 30bps only but HSTECH -6.2% today, simply getting crushed because of: 1) global risk OFF and value rotation out of outperfomers / tech names generally... 2) Chinese regulators adding new rules to prevent monopolies in the tech space.
With names like Tencent closing -7.4%, Alibaba -9.8%, or Xiaomi -8.2%, there is a clear SELL THE NEWS AND THINK LATER moment in Hong Kong, with investors panic selling on huge volumes (HK turnover:HK$ 267 bn, the highest since March 2018).
Guys, this is typical China! They do whatever they want, whenever they want it... I mean, who stops the biggest listing ever, Ant, a couple of days before it happens? 100% political.
I see this moment as big opportunity for us to accumulate names that I love... I bought some more Tencent, some Baba, some Meituan Dianping, still watching Xiaomi closely too...
Out of the US, futures are pointing higher today, including the Nasdaq which lagged peers in the last few days on clear profit taking and rotation into value.
Some names that I absolutely love got smoked lately, including Amazon, Shopify, Peloton or Zoom . I mean sure, ok, rotating is fair, trimming is fair, thinking that the vaccine will help is fair, selling Tech is fair after such a great year... BUT, this is, in my view, OVERDONE and markets are clealy overreactingo the situation.
What do we know about that vaccine? 90% effective? ok cool, but when ? how? how many? is everyone going to get vaccinated ? Is life going back to normal tomorrow??
I have my opinion on the matter, and I simply do not think that a vaccine takes us back to where we were a year ago in terms of habits and lifestyle. Fundamentals are the same for those names that have made us richer this year. THEY ARE STRONG COMPANIES! with strong fundamentals, and very good outlooks...
I don't believe that virtual meetings end anytime soon! I don't believe that we stop online shopping! I don't believe that life online decreases soon! I don't believe people just start going to the gym! I don't believe that the electric car trend goes away!
We had more than 60% cash in hand and over the course of the last 2 days, I deployed around 40% of it into names that got destroyed lately... This is the kind of opportunities I was waiting for!
Happy trading! Unquote |