Methodology: each issue's direction is a live signal — long/short opens or holds a position, neutral means flat, and every direction change opens, flips, or closes it. Returns are direction-aware (a short gains when the price falls) and compound across positions from first observation to the latest issue. "Price move" is the stock's own raw change, shown separately. Neither represents actual portfolio performance.
Brief History (2 issues)
The block-sale pressure needs time to digest; don't catch a 7x-volume knife immediately. Holding the HK$39.72 low precedes any bounce; a break accelerates the decline. Cheap valuation plus the Kling option is a medium-term draw, but let the knife land first.
Short-video cash flow at 9.75x with the Kling AI option attached; volatility compressing after a -33% YTD