Completely agree on the principles against stock picking, and this isn’t something recommended over investing in index funds. The above is nothing more than a test with a small ‘fun’ allocation of one’s portfolio, in a similar style to other threads like this and this.
And yes - look at a company beyond a price chart! Hence it’s important to read the analysis and research as I mentioned above. I highly recommend watching the China Hustle, it’s staggering how these companies are able to get listed on the likes of NASDAQ and yet have some questionable accounting practices behind the scenes, however it appears action is starting to be taken against this:
The original list above has had some significant movement and gains from a ‘short’ perspective - Luckin Coffee, NOVA, Qutoutiao and GTT Comms have tanked between 47%-90% since March 1st, here’s the full list:
|Allakos Inc|ALLK:NSQ|67.80|USD| +9%
|Ausnutria Dairy Corp Ltd|1717:HKG|15.24|HKD| +21%
|Burford Capital Ltd|BUR:LSE|513.80|GBX| -4.5%
|China Medical System Holdings Ltd|867:HKG|8.8|HKD| -8.3%
|Corcept Therapeutics Inc|CORT:NAQ|14.60|USD| +15.7%
|GTT Communications Inc|GTT:NYQ|7.99|USD| -47%
|Kasen International Holdings Ltd|496:HKG|0.98|HKD| -32.9%
|Luckin Coffee Inc|LK:NSQ|3.89|USD| -90.2%
|NOVA Group Holdings Ltd|1360:HKG|0.15|HKD| -90.1%
|PeptiDream Inc|4587:TYO|4,780.00|JPY| +11.2%
|Qutoutiao Inc|QTT:NSQ|2.61|USD| -49.9%
|Smart Global Holdings Inc|SGH:NSQ|26.07|USD| -2.9%
|Solutions 30 SE|ALS30:PAR|10.75|EUR| +7.2%