1) Want to buy BIP instead. Wait for a correction first.
2) Straco take longer to re-open that I thought. Even when they reopen, will be at reduced capacity. This is a company that has high fixed costs and relies on crowds. China's domestic travel may be recovering, but I can't see international travel recovering.
3) There is an increasing political risk of anything connected with China.
Used the current rally to sell Straco. Evenafter one month, I still think it is a bear market rally. I wait for a correction to buy BIP. Waiting is the hardest part.
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