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China bottom finally here? Or will it get lower?
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Many Chinese stock have gained more than 100%, as negative overhang of China stocks is slowly getting better

Ever since posting news on the rumor where China is opening up in this 2nd November post below, many Chinese stocks had rallied hard. Real hard Yeah!Yeah! Let's stock take on the good and the bad as of today.
@Alvin Chow 邹咏翰 Shifu, a.k.a Dr Wealth, had found that 699 China stocks gained 100% or more from their 52 weeks low. Do check out his video and follow him as he is one of the best out there JoyfulJoyful
Many Chinese stocks had became a multibaggers from their 52-weeks low. Such as $Futu Holdings Ltd(FUTU.US)$ that had 3x in price and gone from a low of $21.23 to $64.65. $DiDi Global Inc(DIDIY.US)$ also had 3x in price and gone from a low of $1.25 to $3.69. $Bilibili(BILI.US)$ did a 3x too from a low of $8.23 to $21.54. Those who had join in the China game recently, had been doing really really really well CheerleadCheerlead
The Chinese market had an amazing rebound even when the most of the negative overhang isn't fully resolved. We know that China's zero-Covid policy had eased, but we are unsure if the lockdown will be back. We know that China has 3.57 trillion yuan bailout ammunition for property mess, but we are unsure if that is enough to hold the fort.
We know that Chinese firms avert delisting as U.S. audit watchdog gets full inspection access, but we are unsure if there will be findings of accounting fraud. We know that China sends another strong signal of support for Big Tech companies as Beijing seeks to bolster faltering economy, but we won't know if other sector will be whacked.
We know that the Taiwan president quits as after China threat bet fails to win votes, which may help to de-escalate the tension a bit but we never know. We know that China Secures More Energy Deals With Gulf Producers and gettingenergy windfall as West shuns Russian supplies, which is the key resources to a growing economy, but yet they are facing Blackouts in China as heatwave pushes electricity usage to record levels. We know that China is also ramping up their de-dollarisation effort to reduce the chance of US weaponising the USD on them, as China buy more oil from Saudi Arabia – and that could eat away at the dollar.
So many good news that is pointing towards a brighter future, yet things can turn 180 in a matter of minutes. Especially when US is whacking them hard, trying to bring China down to the gutters with Tech war: Washington takes another swipe at China's tech ambitions by adding key chip and AI firms to trade blacklist and trade war. As Ray Dalio said, there had never been a peaceful time when there is a changing world order.
For me, I am carefully optimistics in the Chinese Market, and had been using options to hedge my position which I had wrote many post on such as this post: Turned a 44% loss into a 6% loss on Nio. I'm still betting on Nio as it benefits from the growing EV industry, and the upcoming China bull run. I do hope that Chinese stock had bottom and moving forward it will be in a bull run, while the US stock market starts to crash. This way, I can start rotating my cash into the US market ChuckleChuckle
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