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 (4 issues)
No meaningful stop can be set on a name with a 26% daily ATR; price is driven entirely by news and float events (unlocks, placements, leaderboard turnover), rendering technical levels decorative. Trading resumes when volatility compresses and the float structure clears
Larger unlocks (controllers and ESOP) hang overhead, the A-share re-listing muddies the anchor, and in a low-float two-way grinder retail holds no edge
Down 19.3% from a +1,267% YTD stratosphere — the unlock wave's high-beta casualty; an HK$330 ATR is not a game for humans
+8.7%, the domestic-LLM flagship +1,358% YTD; an 18%-ATR conviction rollercoaster