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China again
Old 10-01-2007, 01:33 AM   #1
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China again

There is a sidebar in the 1 Oct Forbes about Chinese stocks. The gist is that several high-fliers are 'over-valued' or outright houses of cards, and that investors seem to be unable to see that the king has no clothes.
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Old 10-01-2007, 01:59 AM   #2
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When those break-down, they could be the trigger of a nasty correction for Chinese stocks.
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Old 10-01-2007, 10:50 AM   #3
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Let's see... my Chinese ETF is up about 78% since I bought a little over 6 months ago.... and up another 3% today...

I think I will take the chance and hang on for awhile longer... maybe put in a stop loss though
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Old 10-01-2007, 11:18 AM   #4
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FXI is up 267% since I bought it. The P/E is around 27 now, which is fairly high, but not outrageous given China's GDP growth. I plan to sell pretty soon, though.

FXI holds the more conservative H shares. If you want to get aggressive (and more bubbly), check out Morgan Stanley's CAF, which holds A shares.
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Old 10-01-2007, 09:46 PM   #5
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Guys, suggest you sell half and gamble with the other half. Don't gamble with the whole thing.
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Old 10-02-2007, 06:38 AM   #6
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Quote:
Originally Posted by Ed_The_Gypsy View Post
Guys, suggest you sell half and gamble with the other half. Don't gamble with the whole thing.

I put in an order to sell all my FXI today. I appreciate what it's done, I am long-term bullish on the whole China market, but the run up this year is IMHO way overheated, and so I've met my own exit goals way early, and am taking my money off this particular table until I see a correction occur. As Arnold said: "I'll be back."
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Old 10-08-2007, 02:02 AM   #7
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Pretty good analysis of China from The Economist:

China's economy | How fit is the panda? | Economist.com

(sort of stolen from a diehards thread)
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