Operations this week
On September 27, I sold all of my Didi Chuxing (US stock code: DIDI) and ARK Genomic Revolution Multi-Sector ETF (US stock code: ARKG) at US$8.09 and US$78.27, respectively. And I bought 5 shares of Paypal Holdings Inc (US stock code: PYPL) at US$273.27 on the same day. See here for detail.
On September 28, I bought Paypal, Advanced Micro Devices Inc (US stock code: AMD) and Nvidia Corporation (US stock code: NVDA) at US$263.36, US$103.42 and US$208.005, respectively. See this article for detail.
On September 29, the Xiaomi Corp (HK stock code: 1810) short put option was executed to buy 1000 shares of the stocks at HK$22. See here for detail.
On September 30, I bought 100 shares of Alibaba Group Holdings Ltd (HK stock code: 9988) at HK$141.4. See here for detail.In addition, 6 shares of Nvidia Corporation (US stock code: NVDA) and 4 shares of Microsoft Corporation (US stock code: MSFT) were sold at US$224.95 and US$299.89 on September 23. Please see this article for detail.
Compare with the market
Weekly review
In terms of U.S. stocks, it is the turn of U.S. market to see a large-scale decline this week. Large technology stocks, semiconductor stocks, and growth stocks in my portfolio have all fallen, such as Microsoft Corporation (US stock code: MSFT), Google, Amazon (US stock code: AMZN), Nvidia, AMD, TSMC (US stock code: TSM) and Paypal fell 3.53%, 4.27%, 6.16%, 3.15%, 3.53% and 4.96% respectively. Only Netflix (US stock code: NFLX) performed very well this week, challenging new highs, rising 3.39% throughout the week, and my impression of Netflix is getting better and better. I have been following Money Heist, The Crown, The 100, etc. , And the recent Squid Game, it can be seen that the quality of Netflix’s production is constantly improving, and I personally think it is absolutely world-class. This week, the 10-year U.S. Treasury yield began to rise to a maximum of more than 1.55% and closed at 1.463%, which was a significant rebound from the previous low of nearly 1.2%. The market began to worry about rising inflation expectations, and growth stocks and technology stocks with high valuation have an adverse effect, but it is actually not special news, and the market should have already reflected it. Anyway, I think opportunities are produced from falling prices. This kind of falling can give you the opportunity to increase your position at a lower cost from shareholders without sufficient confidence. I believe that a good company can definitely overcome numerous difficulties and create value for the company with its own capital and technology.
As for Hong Kong stocks, China Merchants Bank (HK stock code: 3968) rebounded quite a lot, rising 6.52% throughout the week. Tencent (HK stock code: 700) and Alibaba almost kept the same price range during the week. Xiaomi performed weakly this week, dropping 3.39% throughout the week.
In terms of options, there is only one China Evergrande (HK stock code: 3333) short put option left in my holdings that is purely speculative. The strike price is HK$2 with expiration on November 29, and it will expire in less than two months. And the price gap between the stock price and the strike price is becoming wider comparing to last week. This is because there were quite a lot of positive news for Evergrande this week. Anyway, it is just a small bet. I didn’t pay too much attention to the situation regarding Evergrande. Let’s see what will happen in these two months.
Concluding figures
Unrealized earning: 29.31%
Cash level: -16.9%
Record of last week
You may also see the portfolio record last week here.
Stock portfolio
| Company logo | Stock code | Company name | Cost price | Closing price last wk | Latest price | % increase w/w | % increase overall | % share of portfolio |
|---|---|---|---|---|---|---|---|---|
 | 700 | Tencent Holdings Ltd | HK$ 529.004 | HK$ 460.2000 | HK$ 461.4000 | 0.26% | -12.78% | 6.71% |
 | 3968 | China Merchants Bank Co Ltd | HK$ 39.495 | HK$ 58.2500 | HK$ 62.0500 | 6.52% | 57.11% | 5.41% |
 | 9988 | Alibaba Group Holding Ltd | HK$ 225.204 | HK$ 144.3000 | HK$ 142.2000 | -1.46% | -36.86% | 5.38% |
 | 1810 | Xiaomi Corp | HK$ 19.519 | HK$ 22.1000 | HK$ 21.3500 | -3.39% | 9.38% | 4.72% |
 | AAPL | Apple Inc | US$ 117.187 | US$ 146.9700 | US$ 142.6400 | -2.95% | 21.72% | 6.98% |
 | MSFT | Microsoft Corporation | US$ 211.269 | US$ 299.3500 | US$ 288.7800 | -3.53% | 36.69% | 6.93% |
 | FB | Facebook Inc | US$ 249.328 | US$ 352.9300 | US$ 342.7800 | -2.88% | 37.48% | 6.91% |
 | GOOGL | Alphabet Inc-CL A | US$ 1,686.121 | US$ 2845.6200 | US$ 2728.5800 | -4.11% | 61.83% | 6.80% |
 | NVDA | NVIDIA Corporation | US$ 97.59 | US$ 220.9100 | US$ 207.3100 | -6.16% | 112.43% | 6.71% |
 | AMZN | Amazon.com Inc | US$ 3,125.461 | US$ 3426.6000 | US$ 3280.3700 | -4.27% | 4.96% | 6.69% |
 | AMD | Advanced Micro Devices Inc | US$ 82.769 | US$ 105.7900 | US$ 102.4600 | -3.15% | 23.79% | 6.54% |
 | TSLA | Tesla Inc | US$ 497.003 | US$ 774.4100 | US$ 774.8800 | 0.06% | 55.91% | 6.14% |
 | TSM | Taiwan Semiconductor Manufacturing Company Limited | US$ 100.489 | US$ 115.6400 | US$ 111.5600 | -3.53% | 11.02% | 5.23% |
 | NFLX | Netflix Inc | US$ 496.444 | US$ 592.7400 | US$ 612.8450 | 3.39% | 23.45% | 5.13% |
 | V | Visa Inc | US$ 196.746 | US$ 231.5900 | US$ 230.4600 | -0.49% | 17.14% | 3.18% |
 | MA | Mastercard Incorporated | US$ 323.704 | US$ 358.1600 | US$ 360.1800 | 0.56% | 11.27% | 3.10% |
 | AXP | American Express Company | US$ 100.435 | US$ 175.7200 | US$ 173.9400 | -1.01% | 73.19% | 2.99% |
 | PYPL | PayPal Holdings Inc | US$ 272.167 | US$ 278.1400 | US$ 264.3500 | -4.96% | -2.87% | 2.81% |
 | ARKK | ARK Innovation ETF | US$ 97.479 | US$ 117.1300 | US$ 111.1700 | -5.09% | 14.04% | 1.64% |
Comments and sharing
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