China Stocks

stocks

#643

Bloomberg claimed 30 companies were affected but only named two. Both of them vehemently denied. I have never seen Apple so forcefully denied a claim before. You should read their letter to Congress. It has zero legal weaseling language in it.

Who is this unamed telecomm company in the latest BB article? We all know “security experts” are prone to overhype security risks. They are talking their books. Again the claim has no verifiable details in it.


#644

Has the media always been this bad? It seems most of what gets printed is a steaming pile of dog crap.


#645

This spy chip saga is really weird. From Quora:

If Bloomberg’s China hack story is true, where are the malicious chips? Why haven’t any been found in Apple, Amazon, or other devices?

Apple Insiders Say Nobody Internally Knows What’s Going On With Bloomberg’s China Hack Story

Kayee Tong

Kayee Tong, Dual Citizen US/HK, proficient in Chinese.

Updated Sun · Upvoted by David Friedman, Worked at Bloomberg around 2001-2003 and David Skoda, Software Engineer at Bloomberg (2016-present)

This “cutting-edge” technology on the Bloomberg cover is widely available on the “Chinese eBay” marketplace TaoBao for ¥0.69 (roughly 10 cents USD) haha. Anyone can buy some. I found a guy who will buy some and plant it pretty much anywhere you want for a sizable fee.

If Bloomberg really needed confirmation of the story, I suggest they have the FBI, Apple and Amazon confirm it or provide undoctored, detailed photographic evidence. Ever wonder why Bloomberg used only anonymous sources?

Apple and Amazon both vehemently deny the story and call out Bloomberg.

  1. Apple: What Businessweek got wrong about Apple (apple.com)
  2. Amazon: Setting the Record Straight on Bloomberg BusinessWeek’s Erroneous Article | Amazon Web Services (aws.amazon.com)

These aren’t the typical weasel word statements of refusing to acknowledge a statement. They are complete, flat out denials, not just one but two well-respected companies. These are publicly traded companies who will have big trouble if they make materially false statements. Talk to corporate lawyers and you’ll see what I mean.

Chances are Bloomberg reporters got fed false information and misunderstood or exaggerated what actually happened - reporters aren’t cybersecurity experts. The security technical details don’t make sense. The wide distribution doesn’t make sense. It is very unlikely that an attack went down the way Bloomberg says it did. Feel free to ask other cybersecurity experts. Apple/Amazon hires excellent cybersecurity experts and any respectable expert will tell you the same thing. You don’t have to rely on what I say.

Now I’m not saying China is a saint. There are certainly attacks to the US by organizations in Russia and China, but there are attacks to Russia and China by organizations in the US, ask any cybersecurity expert yourself, it goes both ways and we are no saints either!

From someone who has experience in both worlds:

Don’t think in terms of us vs. them, or chances are you’re playing into the hands of people planting the story. It’s not the first time I’ve seen less than objective news on China from what most consider a reputable news outlet.


#646

Buy the Post-Lockup Period Selloff in IQ Stock While You Can


#647

10c dropped > 7% in Hong Kong. :scream:


#648

Again? Or in lined with US?


#649

They probably will change their name to 9c. :smile:


#650

266 HKD. That’s 34 USD. It closed at 35.4 this afternoon.

Session is still on. Will see if it sinks lower or recovers a little.


#651

No worries, certain female CFO would be buying :slight_smile:

19%20PM


#652

First, fundamentals must be strong, then catch that knife. Otherwise, it will hurt like SNAP…etc !


#653

How about $30?


#654

Now Is the Time to Buy and Hold IQ Stock on Weakness

More pumping by InvestorPlace using the same reasons. After awhile, one realize recent articles are merely rephrasing of previous articles. Technically waiting for the outcome of volatility squeeze.


#655

Now that 10c has fallen so much why bother with any other chinese stocks? Just wait for things to settle down and buy 10c.


#656

#657

10c opened trading up >3% in Hong Kong. Let’s see if the gains hold.

You can now buy 10c with only 5 cents.


#658

10c up 5% now. :fire:


#659

Dead cat bounce?


#660

When the music plays you gotta get up and dance. :dancing_women:


#661

U.S. Edges Toward New Cold-War Era With China - WSJ

https://www.wsj.com/articles/u-s-edges-toward-new-cold-war-era-with-china-1539355839


#662

This time, US will lose the war.