Abstract: Explain the reasons of buying HK stock Xiaomi Corp and share my views.
Transaction detail
What I want to share with you today is the transaction I made on November 3. The details are as follows:
Bought stock
- Xiaomi Corp (HK stock code: 1810)
- Quantity: 400 shares
- Bought price: HK$20.2
- Commission fee: HK$32.12
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=01810
Reasons to buy 1810
Last month, a Xiaomi short put option was opened with a strike price of HK$19, but it was not executed in the end. This month, I also considered opening another Xiaomi short put with the same strike price at HK$19. However, seeing that the option premium was very low, I finally decided not to open the short put this month.
Today I saw Xiaomi once again fell to a recent low. As I said before, I am very confident in Xiaomi’s long-term development, so I continue to implement the plan of buying more and more while the price is declining. Because Xiaomi’s holdings currently account for a relatively small proportion of my portfolio, I have been waiting for better price to increase my holdings of Xiaomi. Today, when Xiaomi fell to about HK$20, I decided to increase the position by 400 shares first. If it drops further, I will increase its position again.
Comments and sharing
If you have any questions, please feel free to leave a message or comment below, I will reply you. Or if you find anything incorrect in the article, please let me know and learn from you. If you find it interesting or it may help you in any sense, please share with other people.
