Search results

  1. R

    A must watch video, Obama's radical tax plan...

    http://www.businessweek.com/bwdaily/dnflash/content/feb2008/db20080212_645487.htm?chan=top+news_top+news+index_best+of+bw Is Obama Good for Business? In the words of one consultant: "Business would have a seat at the table, but business wouldn't be able to buy all the chairs" On Sunday...
  2. R

    ES exchange fees

    http://elitetrader.com/vb/showthread.php?s=&threadid=71131&highlight=XTrader+with+no+monthly+fee
  3. R

    Is there any really safe haven?

    Deposit money in China. China banks accept deposit even if you are a foreigner. But I am not sure whether there is a cap on the deposit. You can expect >10% return (appreciation+interest).
  4. R

    The Effective Nationalization of the U.S. Mortgage Market in Q3 07

    You may get the article from www.rgemonitor.com... Total borrowing by GSE soared to 15.2% of GDP already.
  5. R

    Curiousity - Where did the subprime losses go to?

    Someone's loss doesn't become someone else's gain. If we must gain by having someone else to lose, then the Earth's combined economy has never grown... unless if it has some trade surplus with Mars. Overall wealth is decided by efficiency.
  6. R

    transaction cost @60% of combined earnings in China

    The link is in Chinese... http://finance.ce.cn/macro/gdxw/200712/28/t20071228_12771487.shtml Below is a brief summary: - 2007 levy/stamp cost: 200B RMB - 2007 stock broker commission: 100B RMB - 2007 1H total earnings of all listed stocks: 264.6B RMB So cost of transactions alone is...
  7. R

    China Reality Check

    My own feelings... i) there is a bubble in China stock market but it is that bad. ==> A lot companies hv 30-50% growth in earnings and they may enjoy near monopoly so a high PE is reasonable. Stock market size is ~120% relative to GDP which is comparable to other countries. ii) China...
  8. R

    A great website on China economy

    http://www.chinability.com/index.html
  9. R

    China: GDP 40% smaller than previously stated

    From the Financial times: The limits of a smaller, poorer China By Albert Keidel Published: November 13 2007 19:41 | Last updated: November 13 2007 19:41 In a little-noticed mid-summer announcement, the Asian Development Bank presented official survey results indicating China¡¦s...
  10. R

    getting started from China

    internet is available in China and it is not very stable in a lot of places. And while it may be ok for web browsing, sometimes there is a serious lag for software such as eSignal and Tradestation. I live in HK and need to travel to many cities (Shanghai, Shenzhen, Beijing, Ningbo, etc)...
  11. R

    PetroChina now valued at $1.03 trillion

    NAV: 3.5827RMB Earnings per share:$0.4146 (2007 1H) ==> Assuming 2007 earnings per share of 0.83RMB, PE is 50x Crude at $100 won't help PetroChina as much since there is heavy tax from the government when crude price is very high. Fueled by excess supply of money and limited supply of...
  12. R

    PetroChina now valued at $1.03 trillion

    http://www.marketwatch.com/news/story/petrochina-soars-1-trillion-market/story.aspx?guid={A1669F28-A9C7-43C1-AE36-61053AD40DE5} PetroChina tops $1 trillion market cap in debut Chinese oil giant leaps past Exxon Mobil to become world's largest company By Chris Oliver, MarketWatch Last...
  13. R

    Be wary of "taking profits" - Buffett left 40+ Billion on the table in PTR!!!!!!

    avg buying price: HKD1.68 no of share: 2.348B shares avg selling price: HKD12.2 ==> profit: HKD24.7B (~USD3B) Price now: ~HKD19 So he is making HKD16B less (USD2B) No of float doesn't equal no of total share since China government holds a lot of share. The market capitalization is...
  14. R

    Bear Stearns' Bad Bet

    Marketing/Memoranda Mismatch What drove Cioffi and his team? It may have been the fees. Like most hedge funds, Cioffi's kept 20% of any profits they generated, plus 2% of the net assets under management. The High-Grade fund had become a fee engine for Bear Stearns Asset Management, accounting...
  15. R

    Bear Stearns' Bad Bet

    A RED FLAG The investors who remained only in the High-Grade fund say they were told nothing of the Barclays relationship. Doug Hirsch, an attorney with New York-based Sadis & Goldberg, who represents Navigator Capital Advisors, a hedge fund that has filed a class action over the collapse of...
  16. R

    Bear Stearns' Bad Bet

    A Former Star Until recently, Cioffi was a Bear Stearns star. The 1978 business administration graduate of Vermont's Saint Michael's College joined the firm in 1985 as a bond salesman and rose quickly. By 1989 he was head of the fixed-income sales group and eventually became a driving force...
  17. R

    Bear Stearns' Bad Bet

    http://www.businessweek.com/bwdaily/dnflash/content/oct2007/db20071011_175964.htm Ralph R. Cioffi seemed as cool and confident as ever. The market for subprime mortgages was crumbling, but the 51-year-old manager of two Bear Stearns (BSC) hedge funds offered nothing but reassurances to...
  18. R

    Keyboard layor creator from Microsoft

    Maybe useful for your trading setup... http://lifehacker.com/software/featured-windows-download/create-quick+switch-custom-layouts-with-the-keyboard-layout-creator-296644.php http://www.microsoft.com/globaldev/tools/msklc.mspx
  19. R

    HSI --- the perfect market

    It is true. A-share PE is much higher. China has $1.4T reserve now and it needs a way to spend it (to avoid asset appreciation growing out of control). The newly announced policy is not for all cities in mainland China. Only the Bank of China (Tianjin Branch) is allowed to do so. But...
  20. R

    Tradestation 8.3

    Isn't TS 8.2 Build 3896 the latest version?
Back
Top