$MEITUAN-W(03690.HK)$ US stocks declined before the market last night due to Eagle King's proposal to continue raising terminal interest rates. Technology stocks also opened 3% lower. After opening, Baba had a big V, pulling a 10% + 8% increase. China Securities rose to prominence, and the NASDAQ was also driven. At the end of the session, the NASDAQ continued to rebound, but it was not as strong as China Securities. The NASDAQ index continued to rebound, but it was not as strong as China Securities. If today the NASDAQ index crosses yesterday's low, it is still generally still falling. The market is still weak; back in terms of Hong Kong stocks, although half positions and short orders were reduced yesterday, all short-term orders were reduced, but there are still Some individual stock short orders are 350 points high today, and they are preparing to break out of the 4th wave and have limited room to rise. However, the short-term players will still have to actively close the remaining short orders. It is expected that the opening will rebound slightly and then rebound. When stepping back, they can be leveled off. In the short term, backhands will continue to increase until they break through 17700 again to form a top/sideways movement. Note that the middle line will continue to lock up positions. The future will definitely fluctuate sideways and slowly form a top/sideways movement. Just go back and forth in the short term. The intraday support level is 18200, the pressure level 18500 $TRIP.COM-S(09961.HK)$ $TENCENT(00700.HK)$

$Tesla(TSLA.US)$ What's going on recently? Due to high expenses, the net profit side declined sharply. Nvidia's net profit for the third quarter was only 680 million yuan, a sharp drop of 72% over the previous year.
Some investors calculated valuations based on Nvidia's net profit for the past 4 quarters and came up with a dynamic price-earnings ratio of 66 times. Based on this, they think the bubble is serious.
This valuation method is completely wrong. For cyclical stocks, when the price-earnings ratio is calculated when the industry is sluggish, it will appear unusually high, yet this slump is only a temporary phenomenon, so investors don't have to worry about Nvidia's declining net profit.
Going back to the guidelines for the fourth quarter, management expects revenue to be 6 billion US dollars, fluctuating 2% up and down, and the median forecast is slightly lower than the market's forecast of 6.09 billion dollars.
The good news is that the gross margin guideline for the fourth quarter was 63.2%, which is significantly higher than the past two quarters.
At the performance meeting, management believes that after the end of the fourth quarter, channel inventory for game products is expected to return to normal levels, and revenue is expected to increase sequentially.
This validates analysts' conjecture that inventories peaked in the third quarter. According to Nvidia's performance in the semiconductor downturn cycle in 2018, once inventories begin to decline, stock prices are expected to bottom out: considering that after the Fed raised interest rates, the world economy may fall into recession. Currently, the market predicts that the PC market may still decline by 5%-10% in 2023. Therefore, it will still take time for semiconductors to resume growth after going through dark times. During this period, it may be difficult for Nvidia to perform.
Perhaps Berkshire built a large warehouse for TSMC in the third quarter, or they also think that the third quarter was semi-conductive...

$Meta Platforms(META.US)$ High costs caused a sharp decline in the net profit side. Nvidia's net profit for the third quarter was only 680 million, a sharp drop of 72% over the previous year.
Some investors calculated valuations based on Nvidia's net profit for the past 4 quarters and came up with a dynamic price-earnings ratio of 66 times. Based on this, they think the bubble is serious.
This valuation method is completely wrong. For cyclical stocks, when the price-earnings ratio is calculated when the industry is sluggish, it will appear unusually high, yet this slump is only a temporary phenomenon, so investors don't have to worry about Nvidia's declining net profit.
Going back to the guidelines for the fourth quarter, management expects revenue to be 6 billion US dollars, fluctuating 2% up and down, and the median forecast is slightly lower than the market's forecast of 6.09 billion dollars.
The good news is that the gross margin guideline for the fourth quarter was 63.2%, which is significantly higher than the past two quarters.
At the performance meeting, management believes that after the end of the fourth quarter, channel inventory for game products is expected to return to normal levels, and revenue is expected to increase sequentially.
This validates analysts' conjecture that inventories peaked in the third quarter. According to Nvidia's performance in the semiconductor downturn cycle in 2018, once inventories begin to decline, stock prices are expected to bottom out: considering that after the Fed raised interest rates, the world economy may fall into recession. Currently, the market predicts that the PC market may still decline by 5%-10% in 2023. Therefore, it will still take time for semiconductors to resume growth after going through dark times. During this period, it may be difficult for Nvidia to perform.
Perhaps Berkshire set up large positions for TSMC in the third quarter, or they also think the third quarter was the lowest point for semiconductors...

$TENCENT(00700.HK)$ 260-265 region next.

$Longeveron(LGVN.US)$ How are you

$PERFECT MEDICAL(01830.HK)$ share have been dropping. should we sell or hold or buy in more?

$Hang Seng Index(800000.HK)$ The Hang Seng Index is rising more and more. Is there any possibility that a bull market is coming and that it will rise infinitely? 10W points will be the end [laughing]. There has always been no shortage of market drummers. The Hang Seng Index rebounded by nearly 4,000 points this month. I have never seen such a big rebound in a single month. In 2007, it rebounded 10,000 points in February. Although the world's major financial markets have performed the worst, it is normal for them to fall deep and fall to death; they are already far behind. As for reversing the bull market, there has been no improvement in fundamentals; the year was more decent with news. Tencent's performance should not be impressive, and stock positions will not stop being replenished. There are reservations about the further increase in the Hang Seng Index, and the reaction to derivatives is different. It is rare for the Hang Seng Index Bull and Bear Index ratio (number of shares) to lose 0.4% (24) bears 99.6% (6,791). Yesterday, the Hang Seng Index cyclical subscription of 18200call had quite a few intraday transactions. Today, they all settled on the same day without spending the night. Using yesterday's market, it's impossible to sell orders. Bull and bear securities have now peaked, and Hang Seng Index options are only intraday institutional operations. The price of premium options is higher in the middle of the month than at the beginning of the month, and is no longer attractive. Most of the cycle options are fresh, and unclosed contracts are visible. Today, Wednesday, the option premium will return to Monday's price, and the settlement date is two more days away. The Hang Seng Index rose, the panic index rose, and the rise was uneasy. Derivatives and spot goods were on the same page. It wasn't easy to double buy the Hang Seng Index this week; on Monday and Tuesday, only the latter made a profit. There must be a reason why options trading is weak. It's hard for mature traders to win. Beginners and conservatives don't look bad; they don't lose when they earn less. At this point, they both buy...

$MEITUAN-W(03690.HK)$ Alphabet's stock has reached a ten-year buying opportunity
Tech stocks are trading below market prices.
Stock market downturns come and go, but the opportunities they present to investors can bring benefits that last a lifetime. Take Alphabet (GOOG 2.80%) (GOOGL 2.86%) as an example. The stock is down more than 35% from its all-time high, but its business is going through a cycle that has been experienced more than once.
Investors need to be willing to seize these huge opportunities, as the impact of stock recovery on portfolios is impressive. The market is full of opportunities, and Alphabet is one of the top stocks.
A normal business cycle
Companies that make money from advertising are naturally affected by the broader business cycle. When the economy slows down and companies tighten spending, advertising budgets are one of the first areas to be cut, mainly because of how easy it is to cut spending compared to cancelling projects or layoffs. Since nearly 80% of Alphabet's revenue comes from advertising, it has been seriously affected by this cycle.
This trend was reflected in Alphabet's third-quarter earnings report: its advertising revenue grew by only 2.5%. YouTube has taken a step back in advertising, with revenue falling 1.9% year over year. However, Google Search saw a 4.3% increase in ad sales.
Although these levels of ad growth are not as strong as investors would like to see, they are still better than many of Alphabet's ads...

$Hang Seng Index(800000.HK)$ Entering November, the Hang Seng Index had a cumulative rebound of 24%, and the Hang Seng Index had a cumulative increase of 32%. According to a report by brokerage China, it is generally believed that an important market index has risen more than 20% from its recent low, which is regarded as entering a “technical bull market.”
Seen from this perspective, the Hong Kong stock market, which has continuously experienced severe sell-offs, has entered a “technical bull market.” Furthermore, according to Wind data, by the close of trading on November 14, the total market value of the 30 constituent stocks of the Hang Seng Technology Index had recovered to HK$8433 billion, with a cumulative increase of over HK$1.6 trillion since November.
For most investors, the most intuitive proof that they are optimistic about the Hong Kong stock market is the continuous inflow of southbound capital since this year. In particular, the recent uninterrupted net inflow for more than 20 consecutive trading days has strengthened bullish expectations. Recently, large inflows of capital to the south have continued, and it is clear that there is an intention to cut back on leading companies, including the Internet, pharmaceuticals, and new energy vehicles $KUAISHOU-W(01024.HK)$ $BABA-SW(09988.HK)$