ME News report, November 12 (UTC+8): Vida, founder of Formula, shared recent trading updates, stating that he has closed half of his 5x leveraged long position in NVDAUSDT at approximately $160.30. He will continue holding the remaining half, betting on a reversal after U.S. markets open. He believes the market has overreacted to the negative impact of events related to Jensen Huang and that Huang is unlikely to resign as a result.
Vida also stated that most of the previously acquired position in Zhongji旭创 has been exited at the original purchase price. Reflecting on the decision, she noted that the initial purchase was primarily aimed at securing RMB liquidity, and she selected a high-beta stock within the same sector—incorrectly applying her experience of buying the bottom of major cryptocurrencies in the crypto space to the A-share market. In contrast, the additional RMB 3.5 million position in the Sci-Tech Innovation Board ETF has since risen by approximately 15%. She indicated that she will consider directly purchasing index funds going forward. (Source: ODAILY)