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10-01-2007, 12:33 AM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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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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I have outlived most of the people I don't like and I am working on the rest.
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10-01-2007, 12:59 AM
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#2
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Feb 2007
Posts: 5,072
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When those break-down, they could be the trigger of a nasty correction for Chinese stocks.
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10-01-2007, 09:50 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Posts: 17,242
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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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10-01-2007, 10:18 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,703
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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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Emancipated from wage-slavery since 2002
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10-01-2007, 08:46 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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Guys, suggest you sell half and gamble with the other half. Don't gamble with the whole thing.
__________________
I have outlived most of the people I don't like and I am working on the rest.
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10-02-2007, 05:38 AM
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#6
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Full time employment: Posting here.
Join Date: Nov 2006
Posts: 548
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 Quote:
Originally Posted by Ed_The_Gypsy
Guys, suggest you sell half and gamble with the other half. Don't gamble with the whole thing.
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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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10-08-2007, 01:02 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,703
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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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Emancipated from wage-slavery since 2002
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