HKD

Worldly-Bluejay2468

My goodness, 250,000 HKD is gone just like that. 

Electrified1337

I didn't even FOMO this clearly scam stock tbh. however, Ive seen a dude spent 1M HKD kept buying it to reduce the cost, he's rich.

Lively420

I held 1 share for year or two incase it ever pumped again. It was during the Chinese adr pump and dumps. The guy behind it was known but HKD was a different animal, the day it IPO it had a larger market cap than any other stock

AlesantroCorticeli

This was a sympathy play to HKD when it had that massive run from Atxg actually went 1700% that timeline

FragrantWriting1390

If they actually launch a HKD-backed stablecoin called RHKD, I’m buying a warehouse.

mjsillligitimateson

The ipo hype . I think the height was HKD . Google say retail owns 99.5% of company lol

BarryMihupinner

Now that the regulatory agencies are cooked I bet we start getting some HKD (gyna) type pump and dumps. All in BLSH 20 bagger at least

BarryMihupinner

Now that the regulatory agencies are cooked I bet we start getting some HKD type pump and dumps. All in BLSH 20 bagger at least

TechHyper

HKD?

Cautious-Witness-882

סבבה. הנה פוסט מותאם בול ל־r/WallStreetBets: הוא ויראלי, מצחיק, עם דרמה, אבל עדיין לא נשמע כמו בוט או פרסומת. טון אנושי, ממזרי, עם קריצה – בדיוק איך שה־WSB apes אוהבים את זה: $DGXX – WYFI’s Weird Little Cousin Might Be Packing Heat 🔥 So I stumbled onto $DGXX — a low-float goblin stock that's been minding its business... but there's something brewing under the hood. Apparently, it's connected (somehow, legally or spiritually) to an upcoming IPO called WYFI – Web3, AI, crypto — basically every buzzword the market is addicted to, rolled into one delicious speculative burrito. No one’s talking about $DGXX yet. That’s the point. The float is microscopic. The chart’s looking like it just took a deep breath. Volume? Creeping. Vibes? Suspiciously bullish. The kind of ticker that moves 40% in 15 minutes because someone sneezed too hard on the ask. I grabbed a small position for... research. Not saying it’s the next HKD, but if WYFI pops off, this could get sympathy momentum real fast. Could crash to $0. Could make me a legend. Either way, I’m emotionally prepared for both outcomes. 🚀 #DGXX #WYFI #IPO #WSB #LowFloatMadness #AllInOnVibes

Stevie_Wen

OceanPal doesn’t need options to explode. It’s a textbook low-float momentum trap, and here’s why: The Setup: Current Price: ~$0.12 Float: ~1.2 million shares Recent Volume: 8.7 million that’s 7x float in 1 day Micro-cap, post-offering, tight liquidity No major resistance until $0.30–$0.50+ This is the kind of chart that can go from $0.12 → $0.90+ with just volume and no sellers. We’ve seen it before with: $HKD $COSM $TRKA $HUBC Why It Can Run Hard? The float is so low, every 100K shares traded eats up nearly 10% of supply Day traders, algos, and retail combined can turn this into a loop With enough eyes, the price can go vertical fast not because of options, but because there’s nothing to buy

Stevie_Wen

OceanPal doesn’t need options to explode. It’s a textbook low-float momentum trap, and here’s why: The Setup: Current Price: ~$0.12 Float: ~1.2 million shares Recent Volume: 8.7 million that’s 7x float in 1 day Micro-cap, post-offering, tight liquidity No major resistance until $0.30–$0.50+ This is the kind of chart that can go from $0.12 → $0.90+ with just volume and no sellers. We’ve seen it before with: $HKD $COSM $TRKA $HUBC Why It Can Run Hard? The float is so low, every 100K shares traded eats up nearly 10% of supply Day traders, algos, and retail combined can turn this into a loop With enough eyes, the price can go vertical fast not because of options, but because there’s nothing to buy

Stevie_Wen

OceanPal doesn’t need options to explode. It’s a textbook low-float momentum trap, and here’s why: The Setup: Current Price: ~$0.12 Float: ~1.2 million shares Recent Volume: 8.7 million that’s 7x float in 1 day Micro-cap, post-offering, tight liquidity No major resistance until $0.30–$0.50+ This is the kind of chart that can go from $0.12 → $0.90+ with just volume and no sellers. We’ve seen it before with: $HKD $COSM $TRKA $HUBC Why It Can Run Hard? The float is so low, every 100K shares traded eats up nearly 10% of supply Day traders, algos, and retail combined can turn this into a loop With enough eyes, the price can go vertical fast not because of options, but because there’s nothing to buy

Stevie_Wen

OceanPal doesn’t need options to explode. It’s a textbook low-float momentum trap, and here’s why: The Setup: Current Price: ~$0.12 Float: ~1.2 million shares Recent Volume: 8.7 million that’s 7x float in 1 day Micro-cap, post-offering, tight liquidity No major resistance until $0.30–$0.50+ This is the kind of chart that can go from $0.12 → $0.90+ with just volume and no sellers. We’ve seen it before with: $HKD $COSM $TRKA $HUBC Why It Can Run Hard? The float is so low, every 100K shares traded eats up nearly 10% of supply Day traders, algos, and retail combined can turn this into a loop With enough eyes, the price can go vertical fast not because of options, but because there’s nothing to buy

Stevie_Wen

OceanPal doesn’t need options to explode. It’s a textbook low-float momentum trap, and here’s why: The Setup: Current Price: ~$0.12 Float: ~1.2 million shares Recent Volume: 8.7 million that’s 7x float in 1 day Micro-cap, post-offering, tight liquidity No major resistance until $0.30–$0.50+ This is the kind of chart that can go from $0.12 → $0.90+ with just volume and no sellers. We’ve seen it before with: $HKD $COSM $TRKA $HUBC Why It Can Run Hard? The float is so low, every 100K shares traded eats up nearly 10% of supply Day traders, algos, and retail combined can turn this into a loop With enough eyes, the price can go vertical fast not because of options, but because there’s nothing to buy

Stevie_Wen

OceanPal doesn’t need options to explode. It’s a textbook low-float momentum trap, and here’s why: The Setup: Current Price: ~$0.12 Float: ~1.2 million shares Recent Volume: 8.7 million that’s 7x float in 1 day Micro-cap, post-offering, tight liquidity No major resistance until $0.30–$0.50+ This is the kind of chart that can go from $0.12 → $0.90+ with just volume and no sellers. We’ve seen it before with: $HKD $COSM $TRKA $HUBC Why It Can Run Hard? The float is so low, every 100K shares traded eats up nearly 10% of supply Day traders, algos, and retail combined can turn this into a loop With enough eyes, the price can go vertical fast not because of options, but because there’s nothing to buy

Stevie_Wen

OceanPal doesn’t need options to explode. It’s a textbook low-float momentum trap, and here’s why: The Setup: Current Price: ~$0.12 Float: ~1.2 million shares Recent Volume: 8.7 million that’s 7x float in 1 day Micro-cap, post-offering, tight liquidity No major resistance until $0.30–$0.50+ This is the kind of chart that can go from $0.12 → $0.90+ with just volume and no sellers. We’ve seen it before with: $HKD $COSM $TRKA $HUBC Why It Can Run Hard? The float is so low, every 100K shares traded eats up nearly 10% of supply Day traders, algos, and retail combined can turn this into a loop With enough eyes, the price can go vertical fast not because of options, but because there’s nothing to buy

Stevie_Wen

OceanPal doesn’t need options to explode. It’s a textbook low-float momentum trap, and here’s why: The Setup: Current Price: ~$0.12 Float: ~1.2 million shares Recent Volume: 8.7 million that’s 7x float in 1 day Micro-cap, post-offering, tight liquidity No major resistance until $0.30–$0.50+ This is the kind of chart that can go from $0.12 → $0.90+ with just volume and no sellers. We’ve seen it before with: $HKD $COSM $TRKA $HUBC Why It Can Run Hard? The float is so low, every 100K shares traded eats up nearly 10% of supply Day traders, algos, and retail combined can turn this into a loop With enough eyes, the price can go vertical fast not because of options, but because there’s nothing to buy

Stevie_Wen

OceanPal doesn’t need options to explode. It’s a textbook low-float momentum trap, and here’s why: The Setup: Current Price: ~$0.12 Float: ~1.2 million shares Recent Volume: 8.7 million that’s 7x float in 1 day Micro-cap, post-offering, tight liquidity No major resistance until $0.30–$0.50+ This is the kind of chart that can go from $0.12 → $0.90+ with just volume and no sellers. We’ve seen it before with: $HKD $COSM $TRKA $HUBC Why It Can Run Hard? The float is so low, every 100K shares traded eats up nearly 10% of supply Day traders, algos, and retail combined can turn this into a loop With enough eyes, the price can go vertical fast not because of options, but because there’s nothing to buy

Stevie_Wen

OceanPal doesn’t need options to explode. It’s a textbook low-float momentum trap, and here’s why: The Setup: Current Price: ~$0.12 Float: ~1.2 million shares Recent Volume: 8.7 million that’s 7x float in 1 day Micro-cap, post-offering, tight liquidity No major resistance until $0.30–$0.50+ This is the kind of chart that can go from $0.12 → $0.90+ with just volume and no sellers. We’ve seen it before with: $HKD $COSM $TRKA $HUBC Why It Can Run Hard? The float is so low, every 100K shares traded eats up nearly 10% of supply Day traders, algos, and retail combined can turn this into a loop With enough eyes, the price can go vertical fast not because of options, but because there’s nothing to buy

Stevie_Wen

OceanPal doesn’t need options to explode. It’s a textbook low-float momentum trap, and here’s why: The Setup: Current Price: ~$0.12 Float: ~1.2 million shares Recent Volume: 8.7 million that’s 7x float in 1 day Micro-cap, post-offering, tight liquidity No major resistance until $0.30–$0.50+ This is the kind of chart that can go from $0.12 → $0.90+ with just volume and no sellers. We’ve seen it before with: $HKD $COSM $TRKA $HUBC Why It Can Run Hard? The float is so low, every 100K shares traded eats up nearly 10% of supply Day traders, algos, and retail combined can turn this into a loop With enough eyes, the price can go vertical fast not because of options, but because there’s nothing to buy

Stevie_Wen

Lol you got me but but OP doesn’t need options to explode. With just 1.2M float 8M volume and no major sell pressure it’s already primed for a low float momentum squeeze. The kind that made HKD, COSM, and HUBC run 500–1,000% overnight if you where here? no options needed. (Was just a term I used to get your eyes here but look closer can you see what I see) good money for us to be made here

904Funk

with IPO’s being back in the fold, I don’t see many talking about $CTW today. Imagine another HKD or TOP 🫨

PLCNR

# All in HKD

PLCNR

# HKD sleeping 100 bagger. Remember that run to $2500? It's currently sitting at $1.84 and nobody is watching. Time to own a little.

Stormee4444

⁠Short interest is at 43% of the float..that means extremely high. This is more than what $TOP had right before the run. • ⁠Short ratio (Days to Cover) is at 0.7 (very low). If volume comes in, shorts could be forced to cover very fast. • ⁠Super thin float (320K tradable shares)... a few million shares of volume could send this vertical. • ⁠It's holding the $0.80–$0.85 base for days.. looks like stealth accumulation. • ⁠Volume slightly increased in last 2 days... first spark? Often how big squeezes start ($TOP, $HKD vibes)

meme-pulse

Love this — I went down a very similar rabbit hole trying to find early indicators, especially around penny stocks with growing buzz. At some point I started noticing that a lot of those crazy spikes (like $HKD, $OPEN etc.) were actually *heavily mentioned on Reddit* before the price moved. So I ended up building a small tool to track which tickers are trending across subs like WSB, pennystocks, etc — purely to catch that kind of early sentiment before it explodes. Still experimenting, but cool to see someone else approaching this from a DIY angle!

LavishnessTimely7372

Remember when HKD pumped from $20 to $2500 in 2 weeks for no reason in 2022.

Aggravating-Mix-3210

Never forget $HKD

Kodeix

VW, HKD, AMC, BB - want me to keep going? Can happen to any stock. Yall need to quit whining to is is a fucking casino bitches

Prudent-Corgi3793

The only thing you can reliably control with an ETF is the expense ratio. For a passive ETF, more than 4 bps in the US, 5 bps for developed ex-US, and 7 bps for emerging is way too much. For an active ETF, if you had reason to believe that the fund manager could reliably provide outperformance. For instance, I'll pay up to 35 bps for Avantis/Dimensional products. That's a reasonable cost for managing thousands of stocks, often in emerging markets, providing multifactor tilts and considering tax-efficient investments. KWEB does neither. I'm getting a bunch of crap I don't want along with a handful of stocks I do want. There's no methodology to their madness, and with only 28 stocks, there's no reason I couldn't do this myself even if I wanted the other stocks. I do get the ability to have my stocks denominated in HKD, but that's neither an advantage nor a disadvantage, and in any case, it's been pegged to the USD for decades now. Finally, not only do most active managers underperform the index they track, but KraneShares's KWEB is [one of the absolute worst](https://www.investopedia.com/worst-performing-funds-11707771), trailing only SQQQ, UVXY, and ARKK over the last decade. Basically, a triple-levered short Nasdaq-100 ETF in the middle of a huge bull run (with an outrageous ER), a daily leveraged inverse volatility index never designed to be held long-term (with an outrageous ER), and an the flagship ETF from Crashy Woods (with an outrageous ER).

Swamivik

Xiaomi was my first stock I ever wanted to buy as I really like the company. It was at HKD10 at the time. When it introduced its EV, the stock rocketed. I kept holding off buying it because it is hard to value the company since the EV part is loss-making. I should have just bought it anyway because it is a well-loved company in China. Cowell I was trading this at around HKD 30 pre-Liberation Day. Lucky to have sold out before and got back in at HKD 21 after Liberation Day. So lucky to be able to get it at that price but sold out too early at around HKD 24.000? I was about to buy it back yesterday at HKD 27.000 but bought IFBH instead. It went up 5% today. I might get back in if it goes back to HKD 27.000. Great fundamentals with ROAE 25.000 and the stock with the 2nd highest revenue growth on Hang Seng after Laopu Gold at 170%.

moon_paws

HKD went from around this level 16 to like 700? You really think this could do the same? I can see 3 outcomes: either it climbs to 20-25 and fizzles out, gets rugged and does a -40% on IPO or skyrockets and crashes down all in the space of a few hrs. I know this kevin guy is supposed to be trusted but I am just trying to get my head around all possible outcomes here. What's your approach? Thanks for your reply

Jotunn1st

It's not bad. The absolute demand for shares that don't exist for sale will be crazy. Go look at HKD. They didn't even have options to deal with. They did have more insider lockup. This is kinda bananas.

Jason__Hardon

Maybe dump like 90% of my stocks and use that money to start a business since the SEC & market are corrupt asf. They won’t let anything squeeze unless it’s some shady company like HKD in China. Seriously. Fuck them.

FiveEggHeads

BMNR is this year's HKD. Enter at your own risk.

FiveEggHeads

can we send people to jail for this shit yet $BMNR? This is straight pump and dump, $HKD all over again.

Euphoric-Tomato-4829

Yeah bro, clean that mess up. One USD account = way less headache. Take the L on them losses, fees are whatever long-term. HKD’s pegged, GBP move don’t matter if you’re holding for years. Just toss it all into a solid global index fund and chill. Easy game.

ProblemOk4641

I got in at 7.70. I think this one is going to run hard over the next few days. Same underwriters as $HKD!!

JL9berg18

The whole plan is to devalue the dollar. Stephen Moran is the chair of Trump's Council of Economic Advisors, and has been very up front and candid about devaluing the dollar as a tool to weaken the dollar. One of the most profound and specific goals is to get the US Dollar replaced as the global reserve currency. The point of weakening the dollar (vs other currencies) would be to make it easier/cheaper for the world to buy American goods and make foreign goods more expensive for us to buy, which would have the effect of shrinking the trade deficit. It seems like almost every actual professional western economist thinks it's a horrible idea (as do I) for the following reasons: - most importantly, having a trade deficit isn't a bad thing. That just means we buy more from other countries than they buy from us. The "trade deficit" doesn't factor in many things, like services and govt operations. (Also trade deficit =/= budget deficit, which can be much worse than the trade deficit) - speaking of budget deficit, one of the reasons we can as a country stay in a budget deficit (to a certain extent) without jeopardizing our own economy is because the USD is the global reserve currency. - a weak dollar leads to inflation in the form of printing money to pay off our debts (which at the moment are substantial) and a rise in interest rates. **this is the reason for OPs question** We owe a lot lot of money presently, and if those debts get called due to an unexpected (by the world) intentional (by Trump) devaluation, this could be depression-level catastrophic for our country, which would of course reverberate around the world. - creating the kind of instability needed to cause a shift in the global currency would likely also cause serious to catastrophic evaluations in all related currencies (EURO, HKD, multiple Pesos CHF, Yen, etc) Leaving only the Yuan (maaaaaybe) to become the currency. Trump's policy is *slightly* more complicated than just trying to get the world...the Wikipedia entry for "Mar a Lago accords" is, from my amateur viewpoint, decently researched and descriptive. But it also concedes there is a boatload of info the public is unaware of in the policy docs.

BodyFlickerBoy

HKD… that brings me back to

Dianna1B

Nahh.. look at $TGE.. it’s a 180k float, same as $HKD, same company… $HKD ran from $5 to $2,900. $TGE is primed to run high to 2k as well. That’s this week’s play. Don’t get entangled in bs. Here is the stocktwits if you would like to read more. https://stocktwits.com/symbol/TGE

Dianna1B

$TGE .. is primed to go high this week. Same company that incorporated $HKD that went to $2,900.

Dianna1B

You better look at $TGE. 180k float, the parent company $AMTD squeezed to $700 ( not sure), but $HKD squeezed to $2,900. This is primed this week to go to $2k. Get familiar with it.. read stocktwits .. it’s there.. the talk of the week. You’ll thank me later 🚀🚀🚀

Negative_Practice_60

Check out TGE by HKD https://preview.redd.it/bqg56iw7wo5f1.jpeg?width=1080&format=pjpg&auto=webp&s=458c3a4f023387faa597a65f519d889316f9a7b7

Negative_Practice_60

think TGE could be next... HKD which ran almost 19,000% came out with a new company TGE. *

nrfc147

Man the one time I don’t check this sub, TGE is AMTD subsidiary, parent company of HKD lol

AmbitiousAd6201

Well, it’s HKD something to do with a new checker TGE

AmbitiousAd6201

Did anyone explain HKD

Extreme_Basket8159

HKD to be sympathy play for TGE today

StayStrong888

Classic China P&D on a company that does traditional Chinese medicine with no real products or sales. HKD went to $1550 in 1 day with no halts barely just like this one.

jmk1991911

HKD 2.0

BottleNcanClapUrHand

Is HKD going to do it again?

Stellarific

Wtf is going on with HKD

Embarrassed_Field_84

I'm facing the same choice. My plan is to invest in some of the non "real" options until I have 25k then liquidate and buy the real thing (1211). I'm torn between 002594 or BYDDY tho. The convenience of BYDDY probably takes the cake for me. 002594 requires me buying HKD, converting to CNH, then buying on Shenzhen Exchange. But, it is a layer of less regulatory risk.

Plane-Salamander2580

If you can buy on the Singapore Exchange (SGX), there is a SGD and a HKD SDR available. SDR is a Singapore Depository Receipt.

T-bone021216

So would it be a good time to buy in now? Or has the squeeze squozed and I should just stay away? I've been burned too many times by either buying after a rip and then it dropping or not buying after a rip and it squeezes even more (HKD as an example)

_CMDR_

Also a good time to buy assets in HKD or EUR.

SPAC_Time

There are a few possible factors. First of all, the first Black Spade Acquisition, BSAQ, merged with Vinfast ( VFS VFSWW ). BSAQ registered the shares underlying the warrants along with the business combination shares in the F-4 registration statement, so those BSAQ warrants were exercisable 30 days after the business combination closed. BSII and The Generation Essentials Group has done the same, so the BSIIW warrants likely will be exercisable 30 days after the business combination closes. VFS had most of their shares locked up, so there was a low float run up on closing. 30 days after that business combination closed, VFSWW were [selling for up to $10 each](https://www.nasdaq.com/market-activity/stocks/vfsww/historical?page=43&rows_per_page=10&timeline=y10#:~:text=%243.69-,08/31/2023,-%247.89). BSII and TGE shareholders have a long lockup, plus BSII is incentivizing public shareholders not to redeem their shares, and then ***not trade them for the next sixty business days:*** "[To provide additional consideration to Black Spade II Public Shareholders](https://www.sec.gov/Archives/edgar/data/2025065/000110465925046745/tm2512273-2_defm14a.htm#text+To%20provide%20additional%20consideration%20to%20Black%20Spade%20II%20Public%20Shareholders), The Generation Essentials Group will make a cash payment equal to $1.25 multiplied by the number of BSII Class A Ordinary Shares held by eligible Black Spade II Public Shareholders on the Closing Date immediately before the Merger Effective Time (the “Non-Redemption Payment Amount”). In order to be eligible to receive the Non-Redemption Payment Amount, you must: (a) be a Black Spade II Public Shareholder on the Closing Date immediately before the Merger Effective Time and as of the date falling 60 days after the Closing, (b) never have elected to exercise a redemption right in respect of BSII Class A Ordinary Shares, and (c) entered into, and adhered to the terms of, a non-redemption agreement **in the form attached hereto as Annex D** by no later than May 28, 2025." This is from Annex D: "(b)   [The Shareholder shall not, directly or indirectly, Transfer any](https://www.sec.gov/Archives/edgar/data/2025065/000110465925046745/tm2512273-2_defm14a.htm#text=The%20Shareholder%20shall%20not,%20directly%20or%20indirectly,%20Transfer%20any) of its BSII Non-Redemption Shares or any securities of The Generation Essentials Group received by the Shareholder in exchange for the BSII Non-Redemption Shares in connection with the completion of the Business Combination (the “TGE Non-Redemption Shares” and, together with the BSII Non-Redemption Shares, the “Non-Redemption Shares”) ***at any time during*** **the period commencing on the date hereof and ending on the date falling 60 days after the Closing Date**." Depending on how many public shareholders take that deal, there may not be many public shares in the float for the first 60 days after the business combination closes. Next, there is the minor fact that the The Generation Essentials Group is being spun off from AMTD Digital Inc, NYSE: HKD. “AMTD Entities” will have over 95% of the voting power of the post combination company. HKD stock went from the $15 IPO price to over $2000 per share on a low float run in August 2022. So, a low float run seems possible, since both the SPAC and the target have done so in the past, and the warrants could possibly be in the money 30 days after the business combination closes.

dmiranda2010

Literally all these stocks with volume can go parabolic because of the float and market cap they can all readily 10x in a single trading day Remember HKD

Naive-Illustrator-11

LMAO . Now it’s total China debt. LMAO, it’s the external debt because Yuan does not get out of China like dollar. In the outstanding registered external debt in foreign currencies, the USD debt accounted for 80 percent, the Euro debt accounted for 8 percent, the JPY debt accounted for 5 percent, the HKD debt accounted for 4 percent, the SDR and other foreign currency-denominated external debt accounted for 3 percent. US debt are in all dollars. Japan are mostly Yen. So why can’t China Kung fu bonds cant be Yuan. LOL No one is forcing dollar but most businesses who exports wants dollar. Yuan and Rubble are domestic currencies. Yeah Saudi accept Yen as long as they convert it to Dollars. You should tell them to price their oil to Yuan. Maybe China can protect their flow of oil if Iran decides to close the chokepoint on Point of Hormuz. And let the Somali corsairs have a feast. LMAO You’re too delusional . You can’t accept realities of life. You’re trying to create your own alternate reality with AI LMAO

Familiar-Scholar-595

hongkong dollars are almost completely identical with USdollars. they also had these waves at the start and end of 2024 for some reasons. i don't actually know why either of them have these random inflation spikes or why they are so identical in general but i am going to assume that it will continue being the same. i prefer the japanese yen over HKD but i am still unsure wether to buy yen or not in the first place.

Apollo_Delphi

Look at the HKD. I like this Currency.

Valkorion335786

I bought HKD at $1,700 

Hommachi

Would also suck for countries with currency pegged to the USD, like the RMB, HKD, etc.

Maximum-Flat

Damn it. I can’t transfer all my HKD and USD into CHF fast enough!!!

Hommachi

What would it mean for currencies pegged to the USD? The HKD and RMB forced to also devalue to match? The JPY requiring intervention to make sure it doesn't "rise" too fast?

alastoris

I wonder if US will decouple with HKD as a result. China has wanted HK to be another Chinese city for so long.

Hommachi

Since so many things are synced or pegged to the USD, the US can sort of "export" the inflation. Think how much intervention will need to be done by the Chinese to maintain the competitive advantage of the RMB and the HKD. The Japanese will need to make sure the Yen remains balanced. The CAD, EUR, oil, etc.

Valkorion335786

BULL chaser: My cost is $70  Me holding HKD at $3,000: First time?

AngryBuddist

Bad example. HKD is pegged to USD, so exchange rate doesn't fluctuate much.

the_pwnererXx

Let's say you use $100 usd to buy 1 share of asia-ETF, which is denominated in HKD (Hong Kong dollars) let's say its 750 HKD. The usd drops 10% vs the HKD. This may or may not affect the actual price of the etf due to the broader market impacts. Assuming it stays the same price, you still have 1 share of the etf, that never changed. You can sell it for 750 HKD, just as you bought it, and convert that back to usd, which is now $110 USD So basically, you are holding foreign currency in the form of assets which will diversify your currency exposure. Though you do have to worry about the performance of these assets in general

pibbleberrier

Chances are they still even losing listing requirement out in Hang Seng Hong Kong instead of China. Hong Kong already has no capital outflow restriction and any foreign companies can technically list on Hang Seng. It’s is restricted the other way where Chinese nationals cannot invest directly in Hang Seng. HKD being hard peg to USD and Hong Kong previously being the financial market capital of Asian. All the pieces are already there

merely2monthsago2dol

There was 2 penny stock ipos from yesterday that went up over 100% after hours and crashed down. I can’t say them but I O T R and M B. Both scams. Likely we bull too. Chinese messing with our markers again Cost me a lot of money on HKD

pibbleberrier

True and also not true. Just having a broker don’t get your access. IBKR is international and what you can access depends on your citizenship. So that link you provide is applicable for HK citizen wishing to invest in A Share which to China is a type of foreigner Investment or rather foreign currency investment due to HKD’s peg status to USD. This bridge allot them to invest in A share however the final settlement is still in RMB and comes with restrictions such as dividend withholding It is incredibly hard for any retail non hk citizen to invest in A share. It is possible for qualify foreign institutional investors to buy A share but this is borderline impossible for retail trades to achieve. So for practical purpose if you are retail investor (you probably are if you are using IBKR) Hang Seng is the only market available to you

PennyPusher786

I think it will go back. I hope you averaged down at .50 - .60 Cents... That way let's just say if you bought 1000 shares for $650 USD... You'll break even of your $800 in losses at about $1.20 cents... something to think about. I loaded 10k shares. I'm hoping for a rip back to $3 to $5 in coming days/weeks... It's been shorted down and gambled by degenerate flippers long enough. I rode it from $3 to $7 in 2023 (old share structure, and no TRILLER) Different times.... now $3 has got to be the floor and the peak can be $10 - $15+ They got Ex Tick tock employee on the team, that clown McGregor as well as AGBA in Hong Kong bringing finance and Healthcare business lines. They grossed 1 billion HKD pre plandemic which is over 100 million USD... They said in the previous year that they plan to surpass that. We're Golden bro

doublesteakhead

Well, good luck. Just so crazy to see ordinary Americans really getting worried about their currency. Never thought it would come to this. I'm in Canada and opened several alternative currency bank accounts because it's easy here. Pounds, Euro, HKD. Just in case North American currencies start tanking. 

jarvishkli

You better buy Chinese stocks in Hong Kong stocks market than in China’s as big techs are listed in Hong Kong’s, which means you need to use HKD

CleanMyAxe

Being real, I've bought a fair stake in China Resources Land Ltd at around HKD 25.50 average as my main bet. Seriously think the Chinese property market is set to stabilise. The dividends are reasonable too.

a_little_blue_bird

I miss HKD ☹️

Professional_Con_007

HKD ipo was less volatile than SPY is now

Valkorion335786

My cost basis for HKD is like $2,900

skywalkerrr007

That thing is probably gonna pull a HKD who knows

BeerNirvana

Keep an eye on GV this week. Currently \~$3.50 and has some major events upcoming: Visionary Holdings has reported that the $1 billion financing from Qatar's Alfardan Group for its NEV initiatives has entered the loan processing stage and is expected to be finalized soon. This funding is pivotal for accelerating the construction of battery swap and charging stations in Hong Kong. The company plans to invest approximately HKD 420 million (\~$54 million) to build 600 stations by 2029, with the first station slated to open in March 2025.

sciencbro

Not a comment on currency strength, just relative exchange rate. BYD market cap ~ 1T HKD is not the same as TSLA market cap ~ 1T USD (or less now since the sell off over the past week)

Opposite_Abrocoma_80

no it's the date it was listed "Alibaba Group was listed on the New York Stock Exchange (NYSE) on September 19, 2014. Alibaba Group's American Depositary Shares (ADSs), each representing eight ordinary shares of Alibaba Group, are traded on the NYSE under the ticker symbol BABA. Alibaba Group dual listed on The Stock Exchange of Hong Kong Limited (SEHK) on November 26, 2019 and dual primary listed on August 28, 2024. Alibaba Group's ordinary shares are traded on the SEHK under the stock codes 9988 (HKD counter) and 89988 (RMB counter)."

Valkorion335786

I sold all my American stocks and bought $HKD 

Ok_Cry7572

HKD was an amazing stock for a small time. Shit went from $10 to $2000 in like months

Ok-Instruction830

China uses the yuan bruh. HKD is a city’s currency, not a country’s lol

AlesantroCorticeli

Im in with 10k If anybody remembers what happened with HKD, at the same period LICN was IPOing Many rumours had it to be the next crazy runner

Valkorion335786

Looking at my history Bought one share of HKD at $18 Bought another share at $2,990 

Valkorion335786

My cost basis for HKD is $3,000 Someone save me 

Valkorion335786

!p HKD

treehugger195050

What is HKD and SGD? Is that like some collector's edition of Monopoly money??

Malifix

Yes AUD. Our fiat is kinda like Canada’s, quite dependent on our mining industry commodities. I rather hold ETFs. But we do have a few banks which allow you to hold other currency eg Euro like HSBC which allows you to hold: USD, GBP, EUR, HKD, CAD, JPY, NZD, SGD, and CNY.

leeuwvanvlaanderen

HKD is pegged to USD

Appropriate-Gas262

HKD? USD? You apes are fooled by numbers only

TheOnlySafeCult

HKD please just go old school and rip to the moon

zxc123zxc123

If we're being honestly OP's post should be labeled DD for DOWNRIGHT DUMB. I suspect WSB IQ has been watered down as other WSB comments were even congratulating or agreeing with this fucking regard. Imagine using CHINESE ZODIAC years to determine WESTERN MARKET performance. Holy fucking shit that is so fucking regarded. Might as well pray to African god Anansi or use Indian Vedic astrology for cope on your stupid ass 🌈🐻 puts to print at this point. Why the fuck would you even use Chinese zodiac? China fucking sucks mega nuts for investment: * Real estate markets crashed * Literally in deflation while the rest of the world has inflation * Backed Putin's dumb war and got caught up on the wrong side * Invested in Africa only for all of them to not pay debts. Agree to hundreds of millions in loan losses as long as they don't call PRC "West Taiwan" * Xi and CCP 1 child their way into population crisis * Xi cracked down on his own economy and tech titans while the US put sanctions and cracked down on their tech titans. Now he has to pump billions to try to prop them back up like the fucking regard bear he is. * Hong Kong Index is down -33% today from 2007 18 fucking years. If you bought during ATH in 2017 then you'd be down around -40% * Chinese bonds are shit and get BTFO. They LITERALLY pay less than US bonds while being an inferior currency that loses value. * [Shanghai stock market was October 2007 at 6,124 and is down around ~50% 3,250 Feb'25. 18 FUCKING YEARS OF DECLINE WHERE YOU LOST AND LOST AND LOST. EVEN NOW YOU'RE STILL FUCKING DOWN 50%](https://www.cnbc.com/quotes/.SSEC) China is LITERALLY the fucking country where you are either poor for life, rise up in government only to get bashed by Xi for being too competent, succeed in business to get bashed by Xi like Jack Ma, invest in stocks only to get scammed like BAOS/LK/HKD/AMTD, invest in indexes only to lose for fucking decades, invest in bonds only to get BTFO by inflation, invest real estate bubble only to have it crash and [find out your home is a collapsing tofu dreg](https://youtu.be/s-2DtL-Wjkc), you can't have more than 1 kid until government decides you must have 3 if you want to stay married, you can't even buy or mine scam coin cryptos, and everyone who's rich/power enough has a bail out plan B but your can't even leave or move your money out. It's so fucking bad that Chinese folks are resorting to buying fucking shiny yellow boomer rocks and burying it in their back years ala US 1930s great depression. And here you have fucking lame ass bitch pussy OP acting he's fucking [財神](https://pm1.aminoapps.com/7808/26666d120d02a91e651b84eab90c827377c3b566r1-720-1080v2_hq.jpg) giving out gold bars when he's actually just shilling shit bear shit with horrible advice. Do not ever talk to me, my fellow bulls, or my bull calfs EVER AGAIN.

LupoOfMainSt

After a split, offering, etc. Calm down, this isn't HKD