If u think it's stupid, why don't u take profit?

There are 3 China etfs on bursa. 0823EA, 0829EA, 0829EB.The first one by Principal (used to be Cimb Principal), the second and third by Affin Hwang Asset Management. 0829EA and EB is the same except EA is in RM and EB is in USD.

I have 0829EA n I'm very happy with it. I have held this since 2019, but have added and reduce depending on market situation. If I held it from beginning (slightly less than 2 years) and didn't trade in and out, I would have made 55%+.

Biggest advantage is low transaction costs. Pay normal bursa brokerage, no forex costs since buy in Ringgit and ETF is exempted from stamp duty. Also it's a Malaysian fund manager, easy to contact for queries and regulated by Malaysian regulators.

But a trick is to make sure that you buy/sell during Hong Kong market is open. HK opens at 9.30am, lunchbteak at 12pm-1pm and closes at 4pm. Outside those hours, bid and ask can be very big. And of course, if HK holiday, also don't buy.

Currently, the biggest risk for this ETF that I see is it holds the US China listed stocks like Baba, Bidu, JD..com and there is worry US decide to delist them because of this trade war. However, maybe this won't happen under Biden and if so, a lot of upside still.

PM me if you want to ask any questions. This is glove stock thread.. 😆

As far as I know, no broker has offered RSS to retail investors

Yes.. Love them. My core portfolio consist of ETFs. Stocks are side dishes.

Singapore STI, China tech, Vietnam equities and gold etf being my core positions going in 2021.

U have GLL.. Short gold? .. Wow.. So sophisticated..

This post has been edited by Cubalagi: Jan 12 2021, 09:49 AM

I guess this is typical analysis from a retail mind..

Motivations of insti short sellers may not be the same as retail.

I actually suspect a large part of the short positions were actually hedges.

For eg it could be, a few months back at glove peak, one of the substantial shareholder decided to protect his profits and buy a put. The only people that can offer a large put position will be one of these large international IB's.

The IB's will have to hedge the position, but since shortselling was not allowed last year, they hedged using their internal position. This is not ideal for these IB's.

Once RSS was allowed again this year, the IB's quickly moved the hedge from internal to on market. This could explain that big so called "short sell attack" early this year. The IB's moving their hedge on market. Once that's done, it's a matter of maintenance of the position.

Of course there could be some directional play as well, but looking at the huge early RSS numbers, I do believe these were due to pent-up demand for hedges by the IB's.

This post has been edited by Cubalagi: Jan 17 2021, 12:21 PM

U never heard of buy the rumor sell the news before?

Tougher regulation on shale cowboys is a good thing for rest of the world OnG. Already US shale is facing a lot of debts problem, several have gone bust. But the rest have ramped up drilling in the last few months of Trump administrationn.

I have added to my Hibiscus position, the only pure E&P play on Bursa, last Friday.

Why u don't take up?

If u long term holder then u can just lend the shares, you get free interest

Lending is good for long term investor. If you are short term maybe not worth the effort.

The interest u get is not very high, maybe around 1% per anum,.depend on stock. However, u still earn the dividends from the stock you lend. So that 1% is like free money u are getting.

When I was approached about a year back, broker wanted min RM100k value per counter. I couldn't take up coz I already reduced my holdings. This year maybe I will.

US big drop last night...

All these markets have correlation.

RSS and PSS different users.

PSS are market makers for ETF, Warrants. So only if u have that product and strictly for hedging those products.

RSS: open and mostly foreign institutional like evil JPM.

I guess the knowledgeable ones are the trapped ones n want to offload to newbies then..

Not even 4%..its 2.95%.

4% is the cap by Malaysian regulators.

Based on my understanding of how Bursa opening auction works, u should get a match if u put your sell price low enough. You are effectively putting in a market sell order.

This post has been edited by Cubalagi: Jan 30 2021, 01:26 PM

Net short for RSS is capped at 4%

See bursa PR

https://www.bursamalaysia.com/about_bursa/m...-1-january-2021

For a non US investor investing in US stocks, SBB is better as no witholding taxes.

Market is forward looking, but a Value Investor tries to be more forward looking than the market.

Im a believer that fundentals will ultimately prevail but there are are 3 things I have learned over the years and shaped my investment style :

1. Sometimes it will take a while, so u have to have staying power. There is a popular saying that "markets can be irrational longer than you can remain solvent". I have a set time horizon for my investments, when I think Mr Market will.come to its senses..

2. I might be wrong in my FA. Have to be as objective as possible as I review the facts as it develops. Human bias makes admitting one is wrong very hard. However, this is where I will cut loss.

3. When it comes to investing, there are always doubts. But the the big money is made when one is doing the uncomfortable, not when one is following the herd. Human instincts find safety in numbers, so herd behavior is the natural comfortable state.

Juggling 1,2 and 3 is not easy.

Yup, I've been doing like Ray Dalio n Boa as well.

Exited S&P500, reduce bond at lot, reduce China tech.. Increase cyclical.

But different view on energy.

This post has been edited by Cubalagi: Feb 1 2021, 01:58 PM

If u white hair then sounds like u jumped too early..

But I see it's already happening, only markets don't move in a nice straight line.. 2 steps forward, 1 step back..