PA Good Doctor - ARK Invest snaps up over 2 mil SharesNoticed a social arbitrage opportunity where no one knew that Ark Invest bought enormous amounts of PA Good Doctor (SEHK 1833). Hence, I got myself a full position at $109.3. I believe when North & Southbound trading opens up this coming Monday, SEHK 1833 will have more room to run. Look out for a breakout of all time high at $135 supported by large volume to take a position/add to your position. Similar stocks like Yeahka (SEHK 9923) and ZA Online (SEHK 6060) have experienced multi-day runs to the upside when Ark Invest disclosed their buying positions in those companies. The HSI Indexes (HSI, HSCEI, HSTech) have also completed its recent pullbacks and is looking to continue running to the upside as well.
While I personally believe SEHK 241 (Ali Health) to be a better long-term pick than PA Good Doctor, there's no way I'm missing out on this trade!
Happy Chinese New Year and stay green in 2021!