Tencent & Youzan Position Updates
Updated
The remaining of three trades taken here remain open prior to the open of Asian equity market's tomorrow. I've gotten some questions regarding my Chinese holdings, and the Trump ban on Tik-tok. I stand behind these calls and will be holding both and will provide updates on partial closes when taken.
Note
Last week on Friday, Tencent dropped over -10% following the news of the Trump admin cracking down on what it called state-sponsored espionage by Chinese software companies to American consumers. Regardless, I will be holding these positions at I am up almost +18% marginalized on this position alone. I will need to be stopped out around the mid HK$450's to account for my broker and international fees. Trade active
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