Chinese Stocks really getting crazy, DTSS goes from $2 to $8+ in Pre-Market.

athlonmank8 · Aug 3, 2020

Captain Caveman said:
Look I live here consult for a chinese state company, speak the language pretty well and understand the cultural . I get the emotional response when people mention china so I generally avoid political discussions. It always descend into chaos. The reason why I am bullish about Chinese stock is that I understand the chinese mentality well and see first hand how they deal with the virus outbreak now. They immediately shut down areas (as in a hour), entire cities etc . This leads to economic risk management. Despite what western media like to portray, the population overwhelming are united with Chinese state and their economic policy . I have been in enough meetings and around enough people in the last decade to understand this (alcohol brings out true emotions!)

Whatever we think about whether the population being brainwashed or not, if its propaganda driven or dubious practices and so forth, the point is that they have a united belief in their system, will put in overtime, go the extra mile to achieve results, which result in economic performance, and no its not driven by fear . We in Europe at least are so focused on issues like '#metoo', 'did you just assume my gender?', 'everyone deserves a gold star for trying' mentality while the asians don't give a toss about this and thus while we focus on fringe issues, they grind away fixing their economy.

I get that western folk have moral questions over how things are run, whether it be through copyright infringement. genuine hard work, manipulate of the exchange rate or whatever other issues may come into play. Nevertheless people need to separate potential economic performance from the emotional response. First hurdle in trading and investment as we all know

Further contemplate why Tick Tok (as with Huawei) are so popular now. Tick Tok is called Douyin here, hugely popular in China. No app gets that big in China without a state approval ,In fact both companies have internal Chinese state committee members on their board, are supported by them and development surveillance in The Xinjiang region (massive internment camps). Naturally they will agree in sharing of data and state wide surveillance. It's not illegal and in fact the law explicitly permits that they can spy on their population. It doesn't come under an executive order like what might happen in USA. However , both these companies know that if they remove the link to Chinese state involvement in the companies, the economic benefits are huge but dubious political move.

Shifty as can be, damn sure, but smart money is moving into these areas.

... and to be crystal clear this is my 2 bit economic opinion not a political one, that would be very different
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I see where you're coming from now. Good informative post.

KCalhoun · Aug 3, 2020

I put in an order to buy if it bounces eod. I've dated several Chinese women, they're great

JesseJamesFinn1 · Aug 3, 2020

KCalhoun said:
I put in an order to buy if it bounces eod. I've dated several Chinese women, they're great
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Is that when you were known as "Da Lao Ban"? I've been studying Mandarin for years, never had the chance to date a beautiful Chinese woman

大老板

大老板

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Chinese Stocks really getting crazy, DTSS goes from $2 to $8+ in Pre-Market.

athlonmank8

KCalhoun

JesseJamesFinn1