HK 第26部分; Stampede!

Trying to stay ahead of the herd. Buying another HK growth stock.

One of the toughest things as an investor… to me at least… seeing a lot of bargain stocks, slowly picking them up, and then all of a sudden, watching them fly higher.😬

This is what my HK stock monitor looked like when I woke up today;

I’d definitely call that a

Stampede!

Some positive news about econonomy/market stimulus in China, in combination with a depressed market, and stocks are flying higher. Obviously I have no way of knowing whether this rally is the real deal or not. What I do know is that lots of HK stocks are very cheap and have a lot of upside potential if the stock sentiment goes from bad to less bad.

Hang Seng Index

Usually it is larger and growthier stocks - particularly the ones represented in the indices and the ETF’s - that stand the best chance of participating in short-term violent moves such as today. I do not hold a lot of those, and I do not intend to completely jump into such ‘beta’ stocks… but I don’t mind owning a bit more either. So, I bought a bit more. My main focus with HK 第部分 remains on just making a satisfactory investment return, and limiting the risk of capital loss. What’s that about Slow and Steady...?🤞

I’d rather not get tempted into trying to catch the departed train and regret that later. In the News & Insights from 👉 2024/08/04, I already wrote about getting tempted by some staples companies…

… and today I did pick up shares in a HKD 15bn+ market cap company.

Still it is frustrating when these stocks suddenly start to fly higher, particularly when I was quite close to picking them up. Like this one…