Michael Burry's logic this time is very clear, pointing directly to the core pain point of the current AI bubble: 1. Debt Heard: Oracle has shouldered up to $95 billion in debt in order to build the AI cloud center. 2. Capital expenditures are out of control: He believes that Oracle's massive investments may stem from management's "Ego" rather than actual needs. 3. The structure is fragile: unlike Microsoft or Google where there is multi-business support, Michael Burry believes that Oracle's high stakes on AI are extremely high.

$CIG(06166)$ profit taken

Trump announced approval for H200 exports to China, as long as 25% of its revenue is turned over to the US government Will China take it$英偉達(NVDA)$  

$YIHAI INTL(01579)$ Good divident

$JOYSON ELEC(00699)$ Cut

$CSOP HANG SENG INDEX DAILY (-2X) INVERSE PRODUCT(07500)$ Testing with a small bet . Add if keep going down as 

As the world's largest mobile operating system, Android has built a near-zero entry for Google's traffic. Through pre-installed search, Chrome, and YouTube applications, Alphabet has transformed 3 billion device users into sustained cash flow. More importantly, the massive amount of behavioral data (search records, location information, etc.) generated by the system has become the exclusive nutrient for training the Gemini large model, forming a self-reinforcing flywheel for "data AI-monetization". In fact, Google's seven major products have a user base of over 2 billion, creating the largest digital ecosystem in human history. When users leave their footprints on platforms such as search, YouTube, and maps simultaneously, the data synergies are exponentially amplified. This ecological col

$SENSETIME-W(00020)$ only short fry

The main logic behind the recent surge in gold prices is de dollarization and risk aversion. I do not believe that Warsh 's appointment as the next chairman of the Federal Reserve can reverse the global trend of de dollarization. Therefore, I still view the decline in gold prices as just a normal adjustment after a sharp rise, and if the drop in gold prices leads to a major adjustment in gold mining stocks, I think it is a buying opportunity.

$CSOP HANG SENG INDEX DAILY (2X)LEVERAGED PRODUCT(07200)$ [流泪]  

Oracle’s CDS has surged sharply since mid-2025, driven by aggressive AI/cloud capex, rising debt, and execution concerns, with spreads near post-2009 highs and elevated trading volumes. Google’s CDS has modestly widened in 2025 (led by AI capex concerns) but stayed well contained versus peers, reflecting its strong balance sheet, robust FCF, and top-tier credit profile. Relative Context Google CDS remains among the lowest for large tech, reflecting its: - Net cash position (vs net debt at peers) - Diversified revenue streams - Strong free cash flow generation - Conservative leverage metrics goog are brilliant The market is not confident to Oracle. Is it risky? 

$CSOP HANG SENG INDEX DAILY (2X)LEVERAGED PRODUCT(07200)$ small bet , dropped too much

$YIHAI INTL(01579)$ good divident

$SANY HEAVY IND(06031)$ cat.us drops

$CTF SERVICES(00659)$ 659 high divident,add

(00806) in an interview with Bloomberg, founder Xie Qinghai admitted that his family office has now allocated 25% of its assets to precious metals and related mining assets. More than a decade ago, its ETF division launched its gold physical ETF. It is rumored that the gold ETF was established in Mr. Xie's idea, and this shows the timing of its allocation of gold assets

$AUX ELECTRIC(02580)$ add 

$YADEA(01585)$ Excellent result released 

$ZIJIN GOLD INTL(02259)$ Profit taken