June 25th Operations Review

$ZHIPU Short position, entry price 298, take profit around 200, stop loss around 350, risk-reward ratio 1:2

[Entry Logic] The current stock price is at the tail end of the main uptrend + a high sentiment game phase. The trend hasn't completely broken down yet, but short-term topping signals are clear, so we entered early.
Combined with the external shock from the June 24th Nasdaq 100 drop of 3.29% and the Philadelphia Semiconductor Index plunge of 7.87%, global AI track sentiment is under short-term pressure. As the Hong Kong-listed AI sentiment leader, Zhipu will inevitably be affected by this transmission, and volatility will further amplify.

$SPCX Long position, entry price 154, take profit between 160-165, stop loss 144. The risk-reward ratio isn't great, but we can make a small gamble based on short-term supply and demand. The market will likely be in a consolidation range before the end of the month.

[Entry Logic] After the release, due to reduced circulating shares, institutions rapidly pushed the price up by squeezing shorts through collective action. However, the stock has already completed a full cycle from emotional peak to quick pullback in just two weeks since listing.

What needs attention now is the quarterly earnings report on Starlink user growth. Because on the second day after the Q2 earnings release, the first batch of shares will unlock 20%. If in the 10 days before the earnings release, the closing price is above 175.5 for 5 days, an additional 10% will be unlocked. Therefore, 175.5 is a strong resistance level, but it would be unreasonable to say it won't be touched even once. So a short-term long position is not a big issue.