shanghai is just amazing, up 2.27% to new record high.

Discussion in 'Trading' started by S2007S, Apr 9, 2007.

  1. S2007S


    SSE Composite Index (Shanghai:000001.SS) Delayed quote data Edit
    Index Value: 3,398.95
    Trade Time: 3:00AM ET
    Change: Up 75.36 (2.27%)
    Prev Close: 3,323.585
    Open: 3,333.422
    Day's Range: 3333.26 - 3399.51
    52wk Range: 1,446.99 - 3,334.22
  2. S2007S


    when you see one of those 5% sell offs, do not be surprised.
  3. China markets are running on fumes. Next 10% drop in one day is coming pretty soon... both to China equity markets and US markets too. My indicators say sell this week...
  4. S2007S


    10% should not surprise anyone. Im sure the next 10% drop will take it back to around 3000, next stop would be a STRAIGHT RUN to 4000 by mid 2007 and 5000 by end of 2007. :p :p :p
  5. qll


    EPS growth rate at 40-60%. I could say the index is more likely to get another 100% return within 3 months.
  6. Buy all dips.
  7. Fishbird


    But how does one buy the dips in China?
    The government is still not allowing foreigners/foreign banks to do business in their country.

    And the banks/brokers dont even want to because chinese stockmarket is corrupt and nonregulated.
    Buying illiquid ADRs or the index future is not for me.
  8. Curtis Faith makes a good observation in The Big Picture comment section about price curves.
  9. MattF


    "The Chinese market will keep growing and growing...and then stop growing at about 5 feet."

    -Andy Richter
    #10     Apr 9, 2007