The hallmark of China concept stocks is that they always let the executives go first, with little tradition of rewarding shareholders. They would rather spend the money than pay dividends, and do share buybacks.
1. Before Futu and Tiger exited, there were already mouse-trading positions taken.
2. Before Alibaba’s placement, the stock price had already fallen in advance.
3. Hillhouse Capital cleared out before the wave of crackdowns on China concept stocks in regulation.
Don’t be friends with time; be friends with the leaders.
1. Before Futu and Tiger exited, there were already mouse-trading positions taken.
2. Before Alibaba’s placement, the stock price had already fallen in advance.
3. Hillhouse Capital cleared out before the wave of crackdowns on China concept stocks in regulation.
Don’t be friends with time; be friends with the leaders.