$XIAOMI-W(01810.HK) The reason for this decline is obvious to everyone (if you don't understand, you can check my previous comment. The direct reason is that the data is no longer explosive; this is the trigger. Additionally, you can read articles by the grain factory researcher Will@Grain Factory Researcher Will). Although the new SU7's order lock-in volume is good, unfortunately, the brand preceding the SU7 is Xiaomi, which once created data of 200,000 large orders in 3 minutes.

It's a pity that my expectation management was wrong. Originally, I expected Xiaomi to announce data that would be quite impressive even for a sedan, enough to further grind up the stock price, which was the point where I expected to sell. Then, after the hype passes, the sedan's inability to match the SUV's super high sales volume will lead to a decline, and the Q4 earnings report, which will likely look bad, will further depress the stock price. At that point, it could be bought back. However, in the end, I still overestimated the sales volume of the automotive market's update iteration and ignored yesterday's significant increase in volume as a technical indicator.