0xmilk

After going through the period from May to October, I’ve been cramming lately and studying A-shares in depth. I’ve started to get a tiny bit of a feel for how things work 😎
I used to think that if a company had good performance and a great financial report, it was safe to buy in. But after learning more, damn, there are so many frauds. You have to pore over every word of the financial reports.
I have to say, the listed companies in A-shares really have some deep tricks. As soon as the stock price hits a peak, major shareholders immediately announce personal share reductions, cashing out hundr

Kids today develop myopia faster than we saved up our pocket money when we were young.
My child has been wearing glasses for over four years. We’ve replaced the lenses twice already, and today is the third time. The defocus lenses we get each time are supposed to control how quickly myopia progresses, keeping it to around 0.5 diopters a year. We had the eyesight checked this afternoon, and it had already worsened by 0.5 diopters in the second half of the year. That means it worsened by 1 diopter in a year—way too fast
Wearing glasses is also pretty expensive. We have to replace them every year

On the Polymarket prediction market platform
Most people think AI won’t reach the “bubble burst” stage at least until mid-next year.
Therefore, based on current market consensus, expectations for AI remain generally optimistic.
Even after the impact of Thursday’s black swan event, the related probabilities haven’t risen much.

Got battered in A-shares last month—are we starting to get battered in US stocks this month?
Are the US stock markets opening the floodgates?

There are voices within the U.S. Democratic Party calling for a pause in advanced AI development, and they have plenty of support (California, for example).
Is this why A-shares are doing so well? AI in the West is constrained by policy, but not in the East. My semiconductor equipment stocks are soaring 🥳
Maybe I’ll break even before long 🤩

Today, Hong Kong’s Legislative Council passed a new crypto-related regulation. Tax authorities in different jurisdictions will have an easier time accessing each other’s cross-border transaction information
Starting around 2027
Starting in 2028, information will be exchanged with other jurisdictions
Transparency is increasing; they say it brings Hong Kong in line with international standards

Has the market already begun to deflate the AI bubble, eliminating uncompetitive companies? Could the companies that survive give rise to the next Amazon, as they did after the dot-com bubble burst?

Another classic setup. Yesterday’s policy-driven rally was almost entirely wiped out today—basically, the gains were for nothing, and we even paid a little interest on top.

Marvell officially announced an all-stock acquisition of Lumentum, with each share exchanged for 4.5 shares, valuing the deal at about $115 billion. One side is chips and interconnects, the other lasers and optical modules. The official line is that this is a “strong joining forces” aimed at AI connectivity.
But it may not close until the first half of 2028, and still needs shareholder and regulatory approval—there’s more than a year of uncertainty in between.
Is this strong-joining-forces deal worth betting on?🤩

The central bank, CSRC and others are holding a symposium tomorrow, and the market is wondering whether A-shares might use the opportunity to rebound.
I think A-shares should fare a little better in November. In terms of pressure from lockup expirations, November looks relatively favorable overall. Wind data shows that the market value of A-shares coming out of lockup in November is about 116.6 billion yuan (calculated using closing prices on October 30), covering 85 companies. This is the lowest monthly total this year, down sharply from October.
December is a different story. The market valu

Wall Street is buying “default insurance” for AI giants.
Morgan Stanley data shows that the average weekly trading volume of related CDS was under $2 billion in July, then surged to $9 billion in September.
Everyone is pouring money into computing power while spending money to hedge against things going wrong.
Will this boom take off, or will it turn into another 2008-style fiasco?

Starting today, I’m going to devote myself to studying these two books and figure out which deity or demon king I should worship so my money and wallet can keep surging upward and swell to the brim💪

The moment I open my eyes, the screen is full of bad news: this quarter’s earnings reports fell short of expectations, and A-shares are following the drops but not the rallies, as if we’re already in the depths of winter. When will industries across the board warm up and see spring again?

Up one day, down the next—it’s practically become the norm
A stock finally manages to gain 3–4 points, only to turn around and pay it all back the next trading day, often ending up even deeper in the red. It takes you straight to -5 or -6 points. Yesterday, the ChiNext Index was still up 3.4%, with stocks broadly in the green; by midday today, it was already down more than 3.5%, wiping out all the gains and leaving you with a loss
If it lets you gain, you have to pay the interest back—and that interest is even harsher than the banks’. The market really never takes a loss. What a drag. I’d rath

I was out for a stroll today and stopped by an Apple Store to check out the recently popular iPhone Duo. The overall build quality really is nice. Once the screen is unfolded, the crease in the middle is barely visible from everyday viewing angles, and it’s not very noticeable from different angles either. I’ve also seen foldable phones from Huawei and OPPO before, and the crease in the middle was more noticeable—a fairly wide line,
Someone told me it’s because the Duo folds at a right angle, while other phones have a curved fold without a distinct angle, which is why their creases are so noti

No, I just don't get it.
A-ge, what's wrong with you? Do you have to go it alone? Can't we be a little more sociable? Do you really have to fleece the little retail investors who love Dongda until they're completely bald? 👿

Oh my, the A-share index “surged” 0.19% today. That tiny gain has me feeling a chill—this is steady as it gets, picking up the scraps at the close every day. Truly moving.
I need to watch some Hongguo dramas to calm my nerves. They’re getting more and more cultured these days: dressed up as feudal society, but doing everything people do in modern society. What a blend of ancient and modern!
I’m counting on U.S. stocks to show mercy today and warm me up a little. Don’t leave me shivering all alone 😭