hahhah CPSL, sold it at 13+, dropped under 11 on Friday afternoon, was glad to sell it than today in premarket trades as high as 17. COME ON, talk about manipulation.....This market is crazy.. I didnt get back in, I really didnt think IT WOULD SURGE to 17+ from under 11 in the premarket hours of the 1st trading day of the year. Thats my 2nd missed opportunity in 1 week, 1st being AAPL.
another way to play China is the Morgan Stanley closed-end fund CAF. (attempted) link: http://www.morganstanley.com/im/products/1365NO/composition.html
Id be careful with BIDU. Hugely levered to China. If the US slows then China slows as well. I would just daytrade it. No swing, no long-term hold... I wouldnt dare do an options play. I cant figure out what makes BIDU move in the first place besides a chart and a moving average.
I was talking with someone this past weekend and I asked him where are you putting your money for 2007, he said China. Now is this all hype or does investing in China for 2007 return 25%+ on your money....For some reaon I think this is hype.
the big movers are china stocks .. why? .. there r tons of research you can do online to find your explanation.. is it hype?.. maybe but looking at some stocks.. they been moving up more than 6 months now.. even if its hype.. I would like to be part of where the action is (check its volume) coz that where you make fast money.. BIDU did another 2.8% today and thats almost 12% UP since i posted BIDU here.. for the TA buff out there.. BIDU made a trend reversal (both short(12/26) and long term(50/100)) last dec.29 and continuing to move to that direction.. and so is CHINA ..reversal dec. 28
Yes, its all hype. Each year there is a new theme. The theme this year is China. Dont believe for an instant it will last. It may last, it may not. Just be careful...