Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
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.
I have outlived most of the people I don't like and I am working on the rest.
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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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