sleepydragon

except in US, you own the property as long as you pay property taxes. In china there’s no or little property tax. So if the house price remains the same, the Chinese deal is much better.

Good timings https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-secures-complete-access-to-inspect-investigate-chinese-firms-for-first-time-in-history

https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-secures-complete-access-to-inspect-investigate-chinese-firms-for-first-time-in-history

Xi is certainly not going to be power for life . Nobody except 90 year old farmers believe in communism in China nowadays. Xi and other leaders get their beliefs from reading Chinese history - confusious to be read by the people, and Xi reads ZiZhiTongJian

rare earth is not rare at all. It’s everywhere. American stopped mining it because it’s too cheap and labor is too costly. this is like saying American has a monopoly on coal mining — it’s not like this is a easy and money making nice job.

Even chairman mao failed to invade Taiwan after his victory of taking the whole China. imo, if Xi invades Taiwan that will be good thing for the world because it will ends CCP in months if not a couple of years.

Bought intc and added to uber

One aspect of such rumors is that it reflect what many people want to see. If the rumors keeps up like this, it may very well become a reality

There internet rumor today (under Twitter hashtag #CCP) a coup happened in China and xi under arrest. He also didn’t attend the military committee meeting

Well, I bought baba in late March this year. If I had bought google or meta whenever I bought baba, I would have down more ..

If it’s really Goldman selling the SoftBank shares(just my speculation ), then these brokers will usually aggressively sell 90%, creating market impact, and then leave a few% long for their own book, waiting it bounce back and profit from it.

Yeah, I know. And SOEs move like 3x slower than private companies. i also suspected Goldman is selling their SoftBank “put baba” shares. They had a bullish research a couple days ago. Imo, they are going to want to get the share all sold before the audit results come out.

There’s a research from JPM analyst Alex Yao (same analyst who called baba uninvestable) about Chinese cloud, saying SOEs will take more shares away from baba and Tencent.

Added to POAHY

Chinese ADRs..

Keep in mind Xi doesn’t represent china. He’s pretty powerful now, but he has lost a lot of support from regular Chinese in recent years. He’s not that powerful as it appears now. Just like you won’t stop investing in US stock markets when you have a bad president, you shouldn’t stop investing in good companies because of you have a political or macro view..

Covid zero policy enable him to exercise his power and grab more power, same as what Pelosi’s visit enabled him to move more military and promoted generals he liked. When he is confirmed to rule again, his focus will hopefully turn into economy.

I think contra to what most people think, Chinese stock is going to rally huge after Xi is confirmed. The strict Covid policy and Taiwan issues etc we see now is a reflection of the fierce in-flighting within CCP. After the in-fighting is completed, Xi will focus on economy. Massive stimulus is coming. there’s also a lot rumors (some seems quite convincing) on Twitter that Xi will not be re-elected or will take a smaller role if he is.

Me too. Got the ADR.

For baba it may not be that bad. Cloud is capx intensive and they can spend less money. Also, cloud servers with this fast chip are extremely costly, most people who need it use their own machines. but it’s not good in the big picture. It’s not good for companies in US or China if both sides keep escalating trade wars. I voted for Biden because he was for globalization, now everything he’s doing is against business. I guess it’s better to vote for a idiot than a dr. Evil. Not much choice was given.

Someone from citadel? Whole firm is moving there. A friend told me someone from citadel bought a 12m on the beach in an island there . The house was sold for 500k in 1999.

Anyone looking at PHM? Seems cheap?

Would it be crazy if I buy DJCO given my brokerage account is already 20% margined buying BABA and that DJCO is also margined buying baba?