Long 200 Shares of 2400(SEHE)XD Network@32.5 HKD.
XD Network is a company that I tracked for years. This could be a buy&hold position, partially this trade is for fun because I simply like the way they do things. However, the business fundamental of XD is improving but not sure if there will be a large jump in earning power in the near future. Plus the gaming industry in China still clouded by regulation uncertainty. This might not be a profitable trade both in short peroid and in the long term.
Nethertheless, 6000 HKD for fun and show my support is worth it.
XD Network is a company that I tracked for years. This could be a buy&hold position, partially this trade is for fun because I simply like the way they do things. However, the business fundamental of XD is improving but not sure if there will be a large jump in earning power in the near future. Plus the gaming industry in China still clouded by regulation uncertainty. This might not be a profitable trade both in short peroid and in the long term.
Nethertheless, 6000 HKD for fun and show my support is worth it.