Fidelity China Special S... Share Discussion Threads

[arja] 08/10/2021 08:21

expected it to open higher today after chinese indices shot up !

[arja] 06/10/2021 06:38

just trust the chart really and has good support at the 250 level . Chinese indices are the key of course and not sure they have bottomed yet . Will be interesting to see
the NAV after 7am today .

[davidro77] 04/10/2021 16:53

Also, 4/4 times we have been this low on the RSI in the last year there has been a bounce of 10% plus or the start of a run. Here we are again and technically it looks well oversold. Another reason why I can’t bring myself to eject right now.

[davidro77] 04/10/2021 16:49

I am really tempted to get out and protect what profits I have left - but history suggests this means I should do the opposite and top up. And yet I was going to get out above 400 and here we are potentially going under 300. The manager gave a really bullish interview in July and yet it feels like we are underperforming the benchmark with some brutal down days - makes me question the manager’s positioning here? The flexibility he has to use hedging strategies and use leverage suggests he has been badly caught out and got this wrong. The fund should have been able to limit the downside yet is falling more than the index.

Is it too late to get out?

[huntie2] 04/10/2021 12:21

Watching is what I'm doing, David, but keeping hands well off the buy button for the time being.......

[davidro77] 04/10/2021 11:32

Who cares about the discount percentage to NAV when the share price is in a long term downtrend.

300p is about to be breached and who knows where the bottom is?

I posted on here when the share price was 420p. Wish I’d sold the whole lot!

Now it’s a classic case of do you sell and risk selling out at the bottom.

But this could also continue south and for those holding you could lose the entire covid 2020/2021 rise at this rate.

So what are people doing? Holding, dumping or buying more??

[biggest bill] 16/9/2021 10:55

FCSS used to trade around the 10% discount level before the pandemic. I expect the discount to increase to at least that level in the next couple of months. I might consider buying when the discount reaches 10% but I would prefer 15% to create a margin of safety. I expect 300p to be reached before that happens.

[rocketblast] 02/9/2021 10:52

FCSS next LOW level 250 with a 200 target. RSI on the side of SELL …. .

[arja] 28/7/2021 10:23

need a CFD or spreadbet account to short anyway unless you are a very big player

[qvg] 27/7/2021 09:19

arja, i never short

[arja] 27/7/2021 08:13

qvg ,
and sadly chinese indices tanked again overnight and index now 14930 . Did you manage to short it too and make a useful profit ? I rarely short but this is a no brainer for a short term short !

[jfinvestments] 26/7/2021 17:05

500p was the mid target I advised for a friend. I think there is still potential here longer term and I considered topping up today. However I see 320-340p being my buy target.

[qvg] 26/7/2021 11:10

arja, yes to your last sentence. I have just sold out, at least preserve some of last year's profit

[jfinvestments] 26/7/2021 08:42

Not from today.

[gipps] 25/7/2021 16:58

Is there any good news for this share coming because I am under water with currently.

[mike24] 25/7/2021 15:56

The so called climate change could do more economic damage than Covid
nai

[arja] 24/7/2021 12:34

article in the Daily Mail ( obnoxious right wing rag ! ) about Chine clamping down on internet companies and reason for steep fall on friday and now at about 8% discount to NAV . Chartwise it looks bad and seems likely to fall further in short term sadly .
But might have a little bounce on monday I guess . But China A50 index in downtrend and could fall about another 1400 until support level .

[hawaly] 23/7/2021 23:15

Education companies rumoured to be made to adopt non profit status.

You live and learn....

GLA 😎

[joy division still] 23/7/2021 19:44

I notice my Reverse Midas Touch again. Just brought in at 415 a few weeks ago.

[jfinvestments] 08/6/2021 10:43

4.68p dividend.

[mike24] 29/4/2021 08:36

FCSS looking good value now
nai

[jfinvestments] 25/2/2021 20:56

There's been exponential increase in equity values across the markets. There will be a correction of sorts at some point. Tomorrow could be tough. I agree there is growth in China. Hence holding FCSS and other China focused funds. Baillie Gifford fomo caused much of that increase given the poor performance of the trust at that point. Although the fund managers are great at BGCG.

[deadly] 25/2/2021 14:20

The past wide discount was when there were doubts over growth. If you think the Chinese economy is not growing strongly still then wait for 10% discount. I think it'll do well this year and there'll be little discount, and even a premium for this trust which has done so well over the years.
After all it is a much better trust than BGCG which is on a 10% premium!

[arja] 24/2/2021 12:33

some recovery today and I am sorry I missed it for a day trade as focused on VMUK and then SMT . Try to stick to OAAT policy as it pays handsome dividends IF I stick to it !!Sometimes I do NOT !

[jfinvestments] 23/2/2021 21:47

Personally , I don't see -6% discount to be a buy opportunity. Average is -9.6% over the last 12 months. Considering that once meant 2.20 per share for many months, this has hit it's short term peak I think. I like the trust and will buy again but closer to ten % discount would be an ideal price for me. Hopefully I'm wrong and it is straight back to 500p. That was clearly a medium term sell off target for many investors.