There is a Communist Governement in place, NEVER EVER EVER FORGET THAT ! They can pretty much do as they please to anyone, previously they had suspended junk listings that caused the previous IPO bubble. Often its stance tends to curb liquidity such as on mutual funds, increasing banks reserve requirements, enforce tighter / suspend retail stock trading financing and so on. But it has mainly been in Class A shares by retail investor so this is going to be fun. They have to do something drastic. Remember that these guys tend to save about 30-40% of their wages, but they also enjoy gambling(where is Macao ?) How they let it all come to be valued at USD$ 1 trillion donno :eek: Remember that once taxi drivers start daytrading stocks , young bored & frustrated Chinese housewives jump into market action its time to head for the hills
young bored & frustrated Chinese housewives.... Would you pass them along my phone number? I'm married of course but still...
I'm ok. I hope you are to. Through the haze it is clear to me certain Chinese stocks acted better than others. some may bounce back strong but I think it's more important the one's that didn't fall that much... and are bouncing back strong. Within this group I'm getting a strong vibe on Focus Media . RS wise it's kicking ass everything it does makes money even in a slowing economy but the Olympics, advertising, billions of people- it's a recipe for SUPER success. NOW even better because due to the scary market conditions their main competitor who was just about to IPO at a groovy price... sorry guys IPO pulled and company swallowed by... you got it FMCN>> a GREAT shark like American like management move. I feel there's a second shoe to drop here in Asia... hesitating buying but FMCN is # 1 Watch List for Me. ~stoney
#2 Watch List. I can't Help It I like China Pharma. Yes all of $1.77. Rev plus 90% Income plus 230% Private placement of shares @ $1.70 where it is now. Believe Thom Waye of Sigma Capital a micro cap hedge fund is big into this stock...
I played a swing on JADE buying late on Monday @ 9.44 and dumped it around noon @ 9.88 i belive. Though it had more to go but it opened very well and just never got it feet under it. Besides that i have stayed away for the time being. Good luck though.
ginux- CPHI China Pharma Hldgs Inc (OTC BB) 1.82 +0.22 ( +13.75%) Think about THAT next time stoney gives you a stock pick Chinese or NOT! BOUGHT AGAIN TODAY AT $1.85... I've decided I just don't care- it's suicide phase for me and the Chinese stocks.... Ohhhhhh baby.
Well, if you see this http://www.stockalicious.com/stock_watchlist/159 You'll notice that most of the china stocks mentioned in this thread are losers as of now. I'll add CPHI to my watchlist and i'll see how it progress one month from now.
It may be time for me to finally have a shot at JADE. It looks like the jade fade may have turned around. Up yesterday (for the first time in a while) on improving volume.