This morning I sold the semiconductor equipment just because I’d held it for a long time; I sold it according to plan. I even felt a bit reluctant to sell North Huachuang, but I still strictly followed through. I didn’t expect the overall market to drop this much.

Putting aside the little essay, it’s pretty obvious that A-shares have been dragging down the bigger names like Zhongji Xuchuang to crush the Nasdaq-style Growth Enterprise Board, and then drag down the tech sector too. The old guy is already off the stage, but still couldn’t protect the index—so the oversold situation that made retail investors flee happened. The trading volume for this sell-off isn’t something ordinary retail investors or typical institutions can achieve. If someone wants it to fall, they’d also want it to rise using the same kind of method. So I don’t think it’s necessary to over-panic about this kind of drop.

My posts are all public. For example, when I laid out the strategy around Changxin, Zhaoyi Innovation was still only a bit over 200—so that was basically my cost. It’s been a few months already, so I’ve withdrawn from equipment and materials like Yangke Technology as well. The next plan for the second half is to focus on optical modules or PCB; those won’t change for now, but I also need to watch the market and, as much as possible, lower my average buy-in price. As for the reasons for buying, I won’t go into it here—I have my own reasons. I won’t be trapped by short-term market gains and losses. Of course, I could be wrong too—DYOR.

If you do trading, you can’t charge fees. If you charge fees, then you can’t trade yourself. This only makes you responsible for your own positions, free from any noise interference. And maybe it lets you write down some thoughts that are actually valuable. Follow up on what’s going on today with the listing of the Nasdaq Changxin ADR—Changxin, please list already. It’s been too much trouble.